Is there any entitlement from GEPF after my pension money was paid?

  Written by Evan   Posted 13 November 2015

I have worked for the public service for 15 years and resigned end 2014. I received my pension pay out around February 2015. Is the anything that I still need to claim back from GEPF? by means of tax returns???

Deductions for 3713 motor vehicle allowance

  Written by Evan   Posted 12 November 2015

I receive a car allowance listed under code 3713 on my IRP5 in addition to my reimbursive travel claim, listed as 3702. Can I claim any deductions against the 3713 allowance and if so, what deductions will be allowed?

Part-time home studies tax rebate for bond/rental?

  Written by Evan   Posted 12 November 2015

Which section of the Income Tax Act allows one to claim a deduction for bonds/rent if one is studying part-time from home?

How to calculate deductions for a director who does not draw a salary every month

  Written by Evan   Posted 12 November 2015

I am doing basic bookkeeping functions for a company. The director has never drawn a salary but intends to do so for the next 2 months at R50000 per month. How do I calculate the deductions and pay UIF etc. over to SARS?

How much should I be taxed?

  Written by Marc   Posted 12 November 2015

I am employed as an independent contractor working 6 hours a week for R5625 monthly before tax. I only work 8 months of the year and have been told by law I should be taxed 25% as PAYE. Is this correct?

No tax certificate for medical insurance

  Written by Evan   Posted 12 November 2015

Hi Tim. We don't have a medical aid, we have a medical insurance. They don't provide Tax Certificates. Can we still use the monthly deductions as medical expenses?
Thanks

Due date for ITR12 as a Provisional Taxpayer?

  Written by Marc   Posted 12 November 2015

Have submitted my two Provisional Tax tax returns for this year already, and still need to submit my ITR12. When is that due? It's the first time I'm doing it myself after getting rid of my accountant. Also if I decided to get TaxTim to do it, what all would I need in terms of documentation, and how simple is the process through your guys?

Can I claim private or official used km

  Written by Marc   Posted 11 November 2015

Income source code 3802 can I claim private or official km

Resigned how to get refund from SARS?

  Written by Marc   Posted 11 November 2015

I resigned from work,how do I know I am eligible for return from SARS

Sale of primary residence

  Written by Marc   Posted 11 November 2015

My question relates to the sale of my primary residence in 2014 that I owned with my former spouse. We sold it upon divorce and shared the proceeds 50/50 after paying off the bond and other debt. The purchase price of the house was R1 875 000,00, transfer duty R67 000, transfer fees R17 000. What is the base price that I should put down in my tax form? Is it R1 875 000,00 (the amount that excludes transfer duty and transfer fees)? The house was sold for R2 400 000, 00. With refunds from bond etc...

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Code on IRP5 for housing subsidy

  Written by Marc   Posted 10 November 2015

Housing subsidy - Code on IRP5. Don't know if it is code 3601

Notice from SARS

  Written by Marc   Posted 10 November 2015

Good day, SARS sent me a notice for an additional assessment on my SARS eFiling; what does this mean and what should I do?

This is for my 2015 tax return that you guys sent to them. Regards,

Minimum threshold for tax deduction and applicable rate

  Written by Marc   Posted 10 November 2015

What is the minimum threshold for tax deduction and the applicable tax rate

How long does it take for SARS to refund funds ?

  Written by Marc   Posted 10 November 2015

IF the amount on the tax return show a - that means that you will receive funds, correct. My question is how long does it take, because when you call SARS call centre they said 6 working days. If it's not truth why say it.

What is the tax definition of carrying on a business.

  Written by Marc   Posted 10 November 2015

I have been unemployed for the 2014 / 2015 tax year. For income, I have been getting casual work here and there. By casual I mean I worked on some events, did some technical drawings for a company and then helped with a school magazine. I was paid for all these jobs, for which I had to invoice and naturally I incurred expenses to do these jobs. Two events were overseas. There were a few months when I had no work at all. (My taxable income is less that the R70700 threshold. ) My question is, does...

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IRP5's

  Written by Marc   Posted 10 November 2015

SARS are requesting IRP5's from me for 2006 & 2007 before they will release a refund for my current 2015 tax return. Problem is I don't have the IRP-5's anymore and neither does my employer. For what period are they supposed to keep it on their records? Please advise because I don't know what to do now.

Medical costs for operation not paid out by Medical Aid

  Written by Evan   Posted 10 November 2015

Hi I have a question regarding medical claims not paid by the medical aid. I had a c-section operation in 2014. The Doctor put in a claim of R13k and the medical aid made a payment from the scheme of R3K, leaving a balance of R10K. The amount for unpaid claims on the medical aid certificate for the 2014/2015 tax year is only approx R4K.

Should this R10K amount of the c-section be added to the medical claims not paid by the medical aid? Tax Code 4020 becomes R4K R10K = R14K. What abo...

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PAYE/ Tax on Commissions

  Written by Marc   Posted 9 November 2015

I am paying employees a monthly salary as well as commissions on top of the monthly basic. Do I have to deduct PAYE separately from monthly basic and then using a different PAYE/ Tax Rate for the commissions?

Commissions are available every month, however not every month has commissions paid to the employee. What would be the easiest and best way to understand this as well as being as SARS compliant

Am i tax exempt, I have been out of the country for awhile.

  Written by Marc   Posted 9 November 2015

Hi, I worked 190 days out of the country in aggregate during the 12 months period and I was also
continuous for more than 60days in the 2014 tax year. In the 2015 tax year I was less than 183 days and less than 60days continuous, do I still qualify for my income to be exempt.

What is a tax report

  Written by Marc   Posted 9 November 2015

What is at tax report

Independent Contractor can you claim depreciation on your vehicle

  Written by Marc   Posted 9 November 2015

As an individual with additional Independent Contractors remuneration, can you claim depreciation on your motor vehicle even if you get a travel allowance on your main income.

Are anointed church materials sold in church subject to tax exemption

  Written by Marc   Posted 9 November 2015

Are anointed church materials (e. G anointed oil, wrist bands, t-shirts) sold in church premises subject to tax exemption under SARS Act. If so, what is the relevant law governing such exemption and procedure of securing such exemption

Overtaxed or what?

  Written by Marc   Posted 9 November 2015

Im unemployed I recently got divorced and I received R544 888. 90 as a settlement before tax deductions and after deductions it was R456 000 was I overtaxed or was it alright?

Must I submit returns for previous years when I earned very little? (single income, no claims)

  Written by Marc   Posted 9 November 2015

After phoning SARS about an eFiling problem (presently 2015), I was told by the consultant that my tax return for 2013 was overdue. I responded that I hadn't been making anywhere near the tax threshold that year, and that various SARS website material, tax-consultants & SARS consultants over the years had confirmed as much (single source income, no med-aid, no R/A, no travel, no NPO-PBO donations, etc). He responded that everyone had to submit a tax return every year, regardless of how much they...

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Rental costs whilst unit is empty before next tenants

  Written by Marc   Posted 8 November 2015

Let's say people rented a property and they left end of June and you sold the property with transfer going through September and it's not your primary residence. Would you account for the costs of levy etc between July Aug and Sep as part of the rental income deductions section?
The property was for rental specifically.
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