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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Printing Registration form a few hours AFTER submission

  Written by Marc   Posted 10 November 2015

I didn't have a printer whilst completing Registration form. How do I access the form again, (on Android device) in order to print it, to fax it with my ID?

Tax and handling donation from non SA resident

  Written by Marc   Posted 9 November 2015

Dear Tim,
Are there any taxes due in South Africa, if my daughter (non SA resident, living in Australia and having Australian passport) donates money (more than ZAR100K) to her parents, and we do not transfer the money to SA and keep them within a bank outside SA (UK or other place) and in different currency?
1. Do we have to declare such a donation on our tax returns and what are the tax complications here?
2. Do we have to declare this account/amount every year in our tax returns and pay some taxes like capital gain tax as a result of Rand depreciation?...

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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

SARS eFiling for work and own business

  Written by Marc   Posted 9 November 2015

I am a bookkeeper for a small school and I am the person responsible for the payroll, monthly SARS EMP201 and annual EMP501 etc. We use SARS eFiling and therefore my details are used as the contact person. My husband has just started his own business and I would like to register him for SARS eFiling too, I will be doing the bookkeeping, whose details do I complete (fill in) for the registration? Could I use my own again? or will there be a conflict in details?

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.

2013 tax return

  Written by Marc   Posted 9 November 2015

I have submitted my 2015 tax return and they won't pay me until I have done my 2013 tax return. I worked at a different company in 2013 and never received an IRP5 from them. I contacted them to get my IRP5 from 2013 and they can't give it to me. What do I do now?

A Earns R60Kpm & pays R7Kpm to medical fund,A is married with 2kids,Wat is his tax credit for 2016

  Written by Marc   Posted 9 November 2015

An individual aged 45, married with two small children, is a member of a medical aid fund. He earns a salary of R60 000 per month. He pays R7 000 each month to the medical aid fund throughout the year of assessment ending 28 February 2016. What is the monthly amount of his the medical scheme fees tax credit for the year of assessment ending 28 February 2016

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?

If working Oversees do I still pay tax to SARS

  Written by Marc   Posted 9 November 2015

I'm about to be employed in the World Bank, US based in Washington DC. Being a South African Citizen do I still need to pay tax to SARS for the salary I get over there even though I will reside that side with a work visa. World Bank is known a tax free organisation in US not sure about SARS policy on it.

Forgot username and password

  Written by Marc   Posted 9 November 2015

I forgot my SARS eFiling username and password when I want to reset them they asking me security questions that I also forget so now I cant any tips what can I do when I forgot my security questions

Who qualifies for a tax return

  Written by Marc   Posted 9 November 2015

I am an employee and have never submitted my tax returns. Should I submit if I earn about R108k annually?

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.

Should pensioners submit a tax teturn?

  Written by Marc   Posted 8 November 2015

My parents are 84 and 78 respectively. They receive a monthly pension income of R140 000 /a and a contribute to a medical aid of R 22 500 /a. They dont have They have limited medical expenses not covered by the medical aid. Do they need to submit a tax return?

Do we get 100% lump sum

  Written by Marc   Posted 8 November 2015

I would like to know if guys pays the all lump sum fairly or u keep some percentage for next payouts or investment

How can I find out why I'm being audited?

  Written by Evan   Posted 6 November 2015

I've done my tax return Ok. I received an SMS that I am being audited and that I will receive the amount of refund on 1 Dec. Why must I wait so long, and how can I find out why I'm being audited?

Lapses on cancelled policies

  Written by Evan   Posted 6 November 2015

I am at the part on my tax return which asks - Did you receive any money for work that you were taxed on, or money for restraint of trade, which you then had to give back to your employer? These are amounts refunded as per s11(nA) and s11(nB).

I am currently a financial adviser and we incur lapses on policies that were cancelled. This money is taken away from us. Do I use that amount here?

Travel allowance for commission earner

  Written by Evan   Posted 6 November 2015

I am currently at the travel allowance part of my tax return. This question arises. Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. My answer is no as those source codes do not appear on my IRP5. However I am a full commission earner and keep a logbook. Where will I input those figures/amounts?

Tax for working abroad

  Written by Evan   Posted 6 November 2015

Hi Tim,
Is there a change to the tax exemption for offshore personal that are out the country for more than 183 days a year and have atleast one work trip longer than 60 consecutive days? Some rumors are flying around that these people will soon be taxed at rates of up to 45%.

Do you get an IRP5 if my employer prepopulates the return on eFiling?

  Written by Evan   Posted 6 November 2015

If I don't have an IRP5 and the employer has pre-populated the tax return on SARS E filing, how can I make use of TaxTim to do the tax return?

Capital gains tax exemption

  Written by Marc   Posted 6 November 2015

I have to calculate capital gain on a rental property ( not a primary residence). It seems we can deduct a R30 000 natural person exemption. Does SARS eFiling automatically take off that R30 000 or am I supposed to put it in somewhere?

Do I submit returns for the years in between a full-time job where I studied and worked for myself?

  Written by Marc   Posted 6 November 2015

What happens if I started my first full-time job at the beginning of 2012 and submitted my tax return correctly (getting no refund, of course)... But then I quit the job in January 2013 and went back to study for the year of 2013? I assume I didn't have to submit for that year off? (I didn't). I then started freelancing and working for myself throughout 2014. Do I need to submit a tax return for 2014, even though as a freelancer I made less than the threshold?

Parking expenditure

  Written by Evan   Posted 6 November 2015

As a SARS commission earner, can I claim my parking expenditure charged by my office?

Rental income In Community of Property split not recorded on IT34

  Written by Evan   Posted 5 November 2015

On my IT34 - for my rental income profit - SARS did not perform the 50-50 split for being married in community of property and so the full amount was used to calculate my tax owed. Would I file a dispute claim for this? It seems strange that last year SARS did the 50-50 split and this year they haven't.

Can I claim gap cover on my tax return?

  Written by Evan   Posted 5 November 2015

I had depleted my savings last year on my medical scheme and had a self payment gap to cover and then annual threshold benefits would kick in. Can I claim the self payment gap on my tax return?
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