How do I reflect UIF payouts as an income on my tax return?

  Written by Marc   Posted 21 November 2012

I lost my job and had to claim unemployment for a few months. I then recieved an income after that but need to reflect my UIF on my tax return as my return currently shows a negative income after pension etc.

How to submit a dispute after IT34 notice

  Written by Marc   Posted 21 November 2012

I am a medical doctor working in a state hospital. I get an IRP5 from Western Cape department of Health. I also earned R12 020 in the last year doing private locums which I have declared. I understand that I will have to pay tax on this amount and have made provisions for this. When I received my IT34, it says I owe R11000 (almost as much as I earned in total). I usually get money back on my returns (from medical aid, income protection and retirement annuity) so I don't know how they calculat...

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I am from the UK, but will get permanent residence in SA, but I have money overseas, will I pay tax

  Written by Marc   Posted 20 November 2012

If i bring funds into SA and earn interest do I have to pay tax on it, what is the free allowance and then how much is it thereafter please?

Our cleaner earns R1 200 per month for working 2 days per week. She is registered as a taxpayer, bu

  Written by Marc   Posted 20 November 2012

She has not submitted a tax form because of her salary. She is retiring at the end of December and we have been told that she will not be entitled to her pension if she does not submit her tax. Please could you help answer our question?

I didn't get an IRP5

  Written by Marc   Posted 20 November 2012

Retrenched November 2011, unable to obtain IRP5 & company under liquidation. What do I do?

I submitted my IRP5 and received an SMS saying account balance: -12000. Selected for audit.

  Written by Marc   Posted 19 November 2012

I submitted my IRP5 at a SARS branch in Joburg and I received an SMS saying
Tax return assessment result: R-12000. Acc bal:R-12000. Selected for audit: Yes.
What does it mean?

Capital gains on house sale for pensioner

  Written by Marc   Posted 19 November 2012

I am a pensioner. We sold some houses where we had lots of problems with tenants. How does the capital gains tax affect pensioners?

I have a Q about retirement annuity deductions against tax?

  Written by Marc   Posted 12 November 2012

How does the Chief Thief calculate my deductable amount on 'current year' RA payments (code 4006)? I entered an amount on my tax form and they calculate a LARGER amount, how is this possible?

What do I need to do to get a tax certificate?

  Written by Marc   Posted 12 November 2012

Good Day,

I am uncertain if I am registered with SARS, on my IRP5 I have a 10 digit income tax ref number. I have been paying tax for the past 5 or 6 years but I have never submitted any thing to SARS. I urgently need a tax certificate. What do I need to do in order to get a tax clearance certificate?

Gross Retirement Funding Income on IRP5

  Written by Marc   Posted 8 November 2012

On my IRP5 there is a category called Gross retirement Funding Income. Does this have to be entered on TaxTim?

Do I have to enter Unit Trusts on my tax form?

  Written by Marc   Posted 8 November 2012

In Feb this year (28 Feb to be exact) I contributed a lump sum of R1000 to a Retirement annuity High equity fund, does that have to be reflected on my income tax statement?

I am a provisional tax payer, but I want to claim on my annuities at year end, where do I do that?

  Written by Marc   Posted 6 November 2012

There is no space on the IRP6 to fill it in?

Souce code 4002 and 4006

  Written by Marc   Posted 1 November 2012

On my document there is no 4002 and 4006. What amount must I include?

Retrenchment pay-out tax code

  Written by Marc   Posted 1 November 2012

During the 2012 tax year I received a retrenchment pay-out. It is reflected on my IRP5 with tax code 3907. According to the tax code definition I got off the SARS website 3907 is defined as: "Other lump sums (e.g. backdated salaries extended over previous tax years, not approved funds)."

Tax code 3901 is defined as: "Gratuities (retirement / retrenchment)."

Does it matter that the code seems to be incorrect on my IRP5, is there a tax implication?

Where do I include the Gross non-taxable income - source code 3696?

  Written by Marc   Posted 31 October 2012

If one receives an annuity and the annuity certificate states that there is a gross non-taxable portion (Code 3696) and a gross non-retirement fund employment income (Code 3698), which amount do I have to disclose in my tax return ans when completing the TaxTim questionnaire?

If I have two IRP5's do I add them together?

  Written by Marc   Posted 31 October 2012

I retired from my company mid last year and the worked for the same company as a contractor for three months, what do I do with my IRP5's?

How do I submit income tax? How do I calculate income tax?

  Written by Marc   Posted 16 October 2012

Hi

I need to submit my income tax for 2012 and how do I calculation my tax and complete the income tax form?
My monthly salary package is R13000 with pension fund incl. (I paid -R890 and company paid -R1210 show on payslip)

Travel allowance (R1000 per month)

So it's R13000 (incl. pension fund) Travel allowance R1000 = R14000 Gross income
And I also paid medical aid by myself ( -R960 for myself , -R1100 for my father and -R1100 for my mother) from my own pocket....

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How much tax do I get charged on a R10000.00 salary?

  Written by Marc   Posted 14 October 2012

I would like to find out on a R10 000 salary, how l much tax would be deducted and would I be eligible to claim tax in the future?

How does the tax on medical aid contributions appear on my IRP5?

  Written by Marc   Posted 14 October 2012

I am a pensioner and the company I worked for pays my medical aid contributions in full. When I call up my file on efiling, the prepopulated fields are (3810) and (4005) with a "1" and field (4474) with the full amount of the contributions paid by the company. Is this correct? I do not receive a pension from the company.

What is the Retirement Annuity Fund contribution deduction limited to?

  Written by Marc   Posted 14 October 2012

Taxable income before RAF deduction is R100 000 per annum. RAF contributions are R1200 per annum. (Is the RAF deduction limited to actual RAF contributions?) Please advise what RAF deduction I can used in my tax calculation?

Hi Tim, I am unemployed and I am unsure about what to do with my tax return next year.

  Written by Marc   Posted 14 October 2012

I also have an annuity that I still pay every month. What do I do next year with my return?

I am 64 years old, what is the taxable threshhold for a tax year?

  Written by Marc   Posted 25 September 2012

How much money can I earn in a year before I will be taxed by SARS?

Where do you include amounts

  Written by Marc   Posted 25 September 2012

Where must we include rental income, purchased annuities, exemption of capital portion, tax payers information, RAF S11(n)?

Can I claim back contributions from past returns already filed?

  Written by Marc   Posted 25 September 2012

I just realised that I haven't claimed any money back on my disability cover contribution and RA contributions dating back to 2008.
Can I still claim money back for the years I've missed?

I claim medical aid but medical aid not in my name, am I allowed to do this?

  Written by Marc   Posted 17 September 2012

I pay the monthly medical aid fee but the medical aid is in my spouse's name. I want to claim this as he does not pay tax, is this allowed?
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