Claiming deductions for business expenses working as an independent contractor for a foreign company

  Written by Marc   Posted 19 November 2014

I work as an independent contractor for a company based in San Francisco, USA from my home office in Cape Town. Each month I invoice them for the number of hours worked and they pay in USD and I handle the forex to convert that to Rands.

I have some expenses directly incurred in generating this income (telecoms costs, software licenses, computer equipment depreciation and a portion of my electricity and rent for the home office, etc). I don't have an IRP5 from them since I'm not an employee and they aren't a South African company...

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Maximum amount under code 3703

  Written by Marc   Posted 19 November 2014

My company reimbursed me an amount of over R50k on code 3703 (non-taxable reimbursement) for fuel used during the tax year. SARS then moved the full amount to code 3702 (taxable reimbursement) saying that this amount exceeded the max allowable for code 3703 which is R25920 (8000km x R 3.24). They now want me to pay more than R15k in additional taxes. They asked me now to provide an amended IRP5 showing not more that R25920 under code 3702 which I have requested from my employer. Is there anythi...

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Should I submit a manual tax return if my SARS eFiling registration is still pending by the 21 Nov?

  Written by Marc   Posted 19 November 2014

I had a problem with my SARS eFiling registration and had to re-register for eFiling. It is now a pending registration and the due date for submitting SARS e-filing tax returns is 21 Nov 2014. The due date for the manual tax returns has passed. What do I do from my side before the due date? Should I submit a manual tax return should the eFiling registration still be pending by the 21 Nov 2014?

Want to declare my expenses like medical and get my refund

  Written by Marc   Posted 18 November 2014

Want to declare my expenses like medical and get my refund?

Audit - what does it mean?

  Written by Marc   Posted 18 November 2014

I have submitted my tax return on eFiling and I was selected for an audit, now I see there's a notice stating statement of account tax assessed. Does that mean my audit is completed? If so how long does it take for pay out?

Great website, very informative....

Passport information deleted from eFiling ITR12

  Written by Marc   Posted 18 November 2014

I have been registered on eFiling since 2012 and have submitted without problems in the past 2 years. This year my passport information has vanished from my ITR12, but is still correctly captured in my profile details. I cannot manually enter this info (grey fields, don't allow for input). I contacted the SARS call centre and the agent said I must go into a branch and bring passport, certified copy, proof of residence and 3 months bank statements. This seems excessive to me - especially because all my info on the system is correct....

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Do you do registration of taxpayer or must taxpayer do that themselves?

  Written by Marc   Posted 18 November 2014

Do you do registration of taxpayer or must taxpayer do that themselves?

Applying Online for a tax number?

  Written by Marc   Posted 18 November 2014

Can I apply as a taxpayer online?

Codes 4250 and 4251 do not appear on the form. What do I do?

  Written by Marc   Posted 18 November 2014

I have been populating my eFiling Tax Return Form and cant find/create two Codes for Capital Gain: 4250 and Capital Loss: 4251. They are not on the eForm.
How do I create this?

Am still a student, so can I get a tax reference number?

  Written by Marc   Posted 17 November 2014

Am still a student doing grade 12, so I was looking for part-timejob at Shoprite, they said they want reference tax number how can I get it.

Mistake on my tax return and I wish to fix it?

  Written by Marc   Posted 17 November 2014

I have filed my return via eFiling only to see afterwards I made a mistake , how can I correct it? Can I request a new return? The mistake I made was to not include my medical aid contributions for the whole tax year.

Refund expectation from SARS?

  Written by Marc   Posted 17 November 2014

I have a question related to your entry: "What?%u20AC%u2122s the delay with getting my SARS Refund?". I have received my completion letter, so I am done with stage 1. I just wanted to know: Have you had any luck in expediting some refunds at this stage? Would it benefit me to go to a SARS office to try and spur the process on?

Thanks for your help!

Must I go into SARS to register bank details?

  Written by Marc   Posted 17 November 2014

Hi TaxTim,

I have submitted my tax return for this season and I am owed a refund by SARS.
I have never filled in my banking details before as have only been working for 1.5 years now. Must one always go into a SARS office to register bank details if one hasn't been asked? Or can I simply do it on efiling and only if they request me to go in, then I should?

Finally, if I am required to take all the banking documentation into a SARS office, can I do it when tax season is over? Or must I do it before the 21st of November? ...

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WHAT ARE DEDUCTIBLE EXPENSES FOR SELF-EMPLOYED SURGEONS

  Written by Marc   Posted 15 November 2014

I am a self-employed surgeon in the private sector. My business is my primary source
of income with most expenses [ including the astronomical amount for my insurance!] being
covered by it.

How do I fill in my tax return? What can my deductible expenses be? I travel to congresses
regularly and cover most of those expenses on my own.

When I was employed in the state sector it was much easier with my IRP5 Form.

Why cant I log into SARS eFiling with normal user name and password?

  Written by Marc   Posted 14 November 2014

I cannot log into eFiling, keep saying details are incorrect even after reset password?

Does SARS charge a penalty on the late submission of an income tax return with a refund

  Written by Marc   Posted 14 November 2014

Hi TaxTim,

This year was my first year of employment and as such I registered for tax. Additionally, I only received a salary for two months during the tax year (January and February). I therefore fall below the tax threshold and should receive a refund of the PAYE that was paid.

I am busy trying to register on e-Filing in order to submit my tax return on time (before the deadline of 21 November 2014). SARS has however requested that I go to the SARS branch to verify my banking details in order to successfully register me on e-Filing....

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SARS souce code 4112

  Written by Marc   Posted 14 November 2014

On my IT 3(b) I have for SARS source code 4112 (Foreign withholding tax on dividends) an amount of -R 68.93.But eFiling does not allow me to enter a negative value for SAR source code 4112When I posed this question to 2 of my investment institutions, I got 2 different answers.The 1 said:Make it a positive value and the other said:The tax in question is one that has already been deducted by the foreign constituent in the country of origin(appears as a negative value), it should therefore not be d...

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If I dismised SARS will pay back my contributions?

  Written by Marc   Posted 14 November 2014

Can I get something or money back when I not working at my company?

How long does it take for new bank details to be verified?

  Written by Marc   Posted 14 November 2014

How long does it take for new bank details to be verified? I went into a SARS branch and submitted all documents, and received a confirmation email saying that my 'updated registered particulars can be viewed on efiling'. However, my bank details have not updated on efiling, and it won't let me submit my return until the new details have been verified. Tax returns are due next week Friday

IRP5 not applicable but SARS keeps asking to rectify?

  Written by Marc   Posted 14 November 2014

My salary earned is outside SA, I reside outside SA for the past 13 years.
After completing the questions the system requests IRP5 which I do not receive.
Please advise

Rebates calculation

  Written by Marc   Posted 14 November 2014

How does the rebate on your assessment get calculated?

Would like to have a trial run without submitting a returns.

  Written by Marc   Posted 14 November 2014

I do not want to submit for this past returns.
However I would like a trial run to see what I need for the next one.

Selected for audit and need tax clearance certificate?

  Written by Marc   Posted 13 November 2014

I have been selected for a SARS audit. I need a tax clearance certificate to continue my business, but it appears that SARS will not issue one. Where do I go from here? It would appear I go out of business because I have been told by SARS that the audit process takes anywhere from 3 to 12 months to complete. Is there anything I can do?

Am I still required to lodge tax returns in South Africa?

  Written by Marc   Posted 13 November 2014

I am a South African citizen who has been living overseas for several years. I left South Africa before registering for a Tax File Number and I have never lodged a return there. I have been working overseas and paying tax over here to the tax office. My question is, should I have been lodging tax returns in South Africa for all these years? Are there penalties or fines for not lodging a tax return for all this time in my case or will I be able to go through the 'formal emigration' proc...

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Web Development source code for eFiling

  Written by Marc   Posted 12 November 2014

I've did some freelance web design and development in the last tax year and so now have to declare it on eFiling. No IRP5's or anything formal like that, so I've added it under Local Business, Trade and Professional Income. My problem is that I don't know what source code to use. eFiling gives a pop-up that allows you to select something, but nothing relates to website development (I'm not even sure what Trade Section to use). The list of source codes on SARS website also turned up nothing.
...

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