Can't get hold of an old IRP5 and employer does not have it on record.

  Written by Marc   Posted 7 December 2015

SARS has asked my wife to do her tax returns for the last 6 years (2008-2015). We have managed to get all the tax returns sorted expect for one IRP5 in 2009. She worked at two companies and has only one IRP5. We managed to get hold of the company she worked for, which is now closed, the family emigrated. They have an IRP5 from 2008, but they cannot find the IRP5 for 2009. They don't have it on any records. What are our options regarding the situation. I did a refresh on the SARS eFiling and noth...

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VERIFICATION OF INCOME TAX NUMBER BY BANKS

  Written by Marc   Posted 7 December 2015

How can the bank verify an Income Tax number? If a ITA34 was submitted to the bank how do they verify that the number is actually that persons income tax number?

WHEN DO I GET AN ITA34 FORM?

  Written by Marc   Posted 7 December 2015

Where can I get an ITA34?

Can SARS pay the money due to me without submitting IRP5 for 2012?

  Written by Marc   Posted 7 December 2015

SARS want both my IRP5 for 2012 and log shit for my travelling, I no longer have the records and my previous employer says they can't locate my IRP5 and they no longer have records for my travelling. How can I access the money that I am suppose to receive for this year tax returns if I don't have these things?

Application for student casual for tax no

  Written by Marc   Posted 7 December 2015

Can I apply online for a tax number?

Self-Employed Travel Expenses Deduction

  Written by Marc   Posted 7 December 2015

I am a urologist working in an 8-partner practice. We are a partnership, and income and expenses are shared equally. My only income is my share of income from the practice. I have always kept a log book for vehicle expenses incurred by myself in the course of my work and have in the past claimed back actual expenses incurred under "Other Deductions>Travel Expenses (no allowance - commision income)". I did this because each partner is responsible for his own travel expenses. As such, these expens...

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SARS claim while unemployed?

  Written by Marc   Posted 7 December 2015

I am currently unemployed and heard that I cam claim from SARS regarding tax paid thus far

IRP5-2007

  Written by Marc   Posted 7 December 2015

Dear TaxTim. Worked in a Government Hospital, resigned in 2006. The following year went to fetch my IRP5 2007 but couldn't be found, assumed somebody took it for me. Now I'm in Gauteng where can I get a copy. I'm being penalised. Thanks

Tax return question

  Written by Marc   Posted 7 December 2015

If you pay medical aid close to R4k out of pockets, and within a tax year you have incurred additional medical cost of about R15k, you have monthly RA of R1k... And you still contribute towards your employers RA. How much roughly would one get for tax returns

Can I claim for Medical Aid and Provident Fund contributions at the TAX year end?

  Written by Marc   Posted 7 December 2015

In my new job I am getting a CTC of which only income TAX will be deducted. Previously Medical Aid and Provident Fund was deducted from the CTC then the remainder taxed, as a result I paid less TAX. In the new job I will have to pay med aid and provident after my income has been TAXED. Will I am be able to claim at the TAX year end for this?

Will I be able to get the same amounts as if the amounts where being deducted from the CTC before being TAXED?

How do I submit a late IRP5 for a previous tax year on SARS eFiling?

  Written by Marc   Posted 4 December 2015

I have submitted my tax return for this year but have been told they won't pay out until I submit my outstanding tax returns from last year (fair enough). I wasn't earning a salary for most of last year but I believe I still need to submit the IRP5 which covers the last month of my employment with my previous company from that year. I got hold of my previous company and they sent through the form really quickly but I can't figure out how to submit for a previous year on SARS eFiling. The SARS he...

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Working abroad

  Written by Marc   Posted 4 December 2015

I am working abroad and paying taxes abroad. I'm out of the country for more than 185 days a year as well as 90 days consecutively. How does my return filled in account for this?

I'm due for a refund but still owe SARS...

  Written by Marc   Posted 4 December 2015

I'm due for a refund but there's a 'hold-up' as I owe SARS something from 2009. I'm not sure what to do fro this point forward - where or how do I find out what is owed - how can SARS be owing me when I owe them - why weren't there red flags or bold flashing print popping up when I completed my annual tax returns?
It's like they're hiding the fact that I owe them and I've now probably encured some hefty penalties and interest... ;(

What do I do?

Provisional tax or starting a CC?

  Written by Marc   Posted 4 December 2015

I am currently employed by a company and earn a fixed monthly salary. I have however started manufacturing and selling goods in my private capacity, completely separate from my company. A typical order would be to the value of R20 000 (turnover), with a total cost-of-sale of R10 000, leaving me with R10 000 profit. I can receiver anywhere from three to twenty orders in a year, with no guarantee of regularity. I have two questions:

1. Do I need to register as a provisional tax payer, or would it be more tax-efficient to register as a sole proprietor or a cc, taking into account the administrative time and costs (paying an accountant etc. )?...

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Can I claim back on disability for my child attending a remedial school?

  Written by Marc   Posted 3 December 2015

My child attends a remedial school which was recommended by a psychologist. Can I claim back on these fees as a disability?

How do I fill in my tax return for income received for local service from foreign employer

  Written by Marc   Posted 3 December 2015

I worked on a local project for an international aid organisation. I did not receive an IRP5. I was paid from an international account. How do I file this income on my tax return?

Document/records storage

  Written by Marc   Posted 3 December 2015

If I change to SARS eFiling with your assistance, where would my tax records be stored. & who stores them -- SARS, Myself, Tax Tim??

What is the tax bracket?

  Written by Marc   Posted 2 December 2015

If I earn R6100 per month do I have to pay tax?

What would be the amount of tax we would have to pay and why.

  Written by Marc   Posted 2 December 2015

Bought vacant land contract dated 5th October 2001 in a cc, for R87764. 00, became the members on 7th January 2002, what would the tax implications be if I sell this property now at R1 000 000.

Cap on non-taxable pension fund lump sum withdrawal

  Written by Marc   Posted 2 December 2015

In the past tax year I worked for 3 companies. Got paid pension fund by 2 of those companies with total pension fund being below R20k
On the IRP5 from the company that paid outthe Pension fund there's a code 4 which I thought it meant this amount was not taxable( I understand it as meaning this amount will not add on to what I owe SARS). Submitted my tax returns and the SARS assesment has included the pension fund lump sum payment as what I owe SARS. Please advice if this is correct

Tax benefits when not earning income the entire taxyear

  Written by Marc   Posted 2 December 2015

Hi I am born in SA and moved abroad 25 years ago. I will be living and working in SA for the next 2 years. My start date is flexible. I believe the income tax year is from March 1st. 1. Are there any tax benefits if I work a part of the first year ( so not the entire tax year?). 2. Are there any tax benefits if I work a part of the last year ( so not the entire tax year?).

Med Aid claims

  Written by Marc   Posted 2 December 2015

I am 74 years old. What out of my own pocket medical expenses can I claim?

Payment Periods

  Written by Marc   Posted 2 December 2015

With regard to Provisional Tax:When SARS refers to the periods 2016-01 and 2016-02 (see below) is SARS referring to the months i. E 2016-01 = January and 2016-02 as being February or are they referring to the two payment periods for Provisional Tax being February and August? Could you please explain. 5. 3 Provisional Tax Returns can only be requested for periods that fall within:
ï%u201A· The current period
ï%u201A· The current periods minus two periods
ï%u0192º Example: if the current period is 2016-01 and 2016-02, IRP6 forms can be requested for the periods 2015-02 and 2015-01. ï%u201A· The current periods plus one period...

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Tax for a full time student employed full time.

  Written by Marc   Posted 1 December 2015

Hello Tim,
If I earn R8000 per month and are registered as a full time student but also employed full time and at a permanent post at my employer what will my tax be per month?

Does provisional income/ capital gains count towards income iro RA contributions?

  Written by Marc   Posted 1 December 2015

I own a business and I draw a standard non- pensionable salary of R1 440 000 (120K p/m). I pay R360k (30k p/m)to an RA. Which means I actually don't earn enough to achieve the max tax destructibility for my RA. However this year for the first time I have other income from share sales (my share trading G&L statement currently reflects a gain of 264K). Will this income add to the non-pensionable salary above and thereby reduce the disallowed portion of the RA Contribution?
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