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Deductions Posts in Tax Q&A

How long will it take for me to get my SARS refund?

  Written by Marc  

I submitted my tax return on 13 August 2015. I called the call centre to find out if I had any outstanding tax returns and I was told my 2012 tax return was outstanding. I informed the consultant that I had been unemployed in the 2015 tax year and he talked me through submitting a nil tax return via eFiling on 20 August 2015. How long will it take SARS to pay me my refund for the 2015 year of assessment?

SARS could not give me my refund and I was due to one

  Written by Marc  

I reported a problem to you last week that SARS could not give me my refund and I was due to one and not selected for an audit as more than two and half weeks have passed since I submitted my tax return. I went there on 20th of august to check only to find out that they needed me submit again for 2011 and 2012 and I did that so when can I expect my tax return for the 5th of august

Why is my refund taking so long?

  Written by Marc  

I filed my tax return on the 15/07/2015 and I am due for a refund, would you know why I have not received my refund? Previous years it took 2 - 3 days. As per the statement of account there is nothing outstanding and I have not been selected for an audit.

Provisional Tax Calculation

  Written by Marc  

how do i work out the estimated profits for provisional tax payment to be effected end of august?

Travel expenses?

  Written by Marc  

Can I claim on money spent on public transport-travel expenses.

Is TAX deduction calculated from your gross salary only or from gross salary plus benefits

  Written by Marc  

I earn a gross salary of R26000. 00 plus I have company benefits of R3881. 00 (being medical aid). When working out the TAX deduction on my salary, is it calculated from R26000. 00 or from R26000 R3881? I see that my current TAX deductions are TAX R5491. 94 UIF R148. 72 and I am just wondering how that was determined. Thank you

Levies for medical expenditure on my tax return?

  Written by Marc  

Im on chronic medication I have to pay a levy every month on my repeats

Tax exempt working aboard

  Written by Marc  

When you work out the country for 60 days or more you don't get taxed

Fleet Cards

  Written by Marc  

How should employer tax work on the following:

Employee uses a company fleet card for fuel cost. Example of the July:
July Fleet Card Balance of statement R3 500
Travel claim (1 000 km @ R2. 05 p/km) R2 050
Deduction from employee for private use of fleet card R1 450 (R3 500 - 2 050)

Under which IRP 5 code should the travel claim be?
Should it be 3702 because the employee pays back the private use of the fleet card therefore there is no fringe benefit.

Refund on Dividends Withholding tax?

  Written by Marc  

I have twins and have set them up with unit trust investments in their own name. The distributions from the trusts are fully reinvested. However the trusts pay out a mixture of interest and dividends etc. On the dividends can I submit tax returns for them to claim back the dividend withholding tax. The interest and capital gains portions are below annual limits. They have no other income as they are not working.

Tax level question on basic pay?

  Written by Marc  

Can you tell me the tax deduction to basic pay for 2015. I am moving from the UK and will be paid around R800,000 per year

How is it possible that I have never received a tax refund since 2005?

  Written by Marc  

How is it possible that I have never received a tax refund since 2005?. I employed by a corporate (approx 40 000. 00 employees) that pays my tax for me.

Is rental income taxable if i'm renting somewhere else?

  Written by Marc  

I bought a property and after a year, I decided to let it out and go rent somewhere, so now that am earning rental income on my property, i'm I liable to pay tax on the rental income received?

Should I register for provisional tax if I have more than one employer?

  Written by Marc  

What do you do if you have more than one employer and thus have more than one IRP5 or IT3? Should you register as provisional tax payer or not?

WILL I EVER GET MY REFUND OR NOT

  Written by Marc  

since ive submited my tax return form at mmabatho office and i was chosen for an audit they said it would take 21 working days to get my refund but now its taking forever

Can I add a medical expenditure after I have eFiled?

  Written by Marc  

I have been doing my mom's tax return. She had hearing aids which her medical aid did not pay for last year. She gave me the paperwork and asked me to submit. Which I did. She now just told me that she forgot about the hearing aids and would like to have them claimed back. Is this now possible? According to the SARS eFiling website the claim is done (she owes nothing and will get back nothing). Can I do something to submit this?

What will my perk tax be?

  Written by Marc  

how do i determine perk tax on a vehicle of R250 000

Under audit and asked to submit outstanding returns

  Written by Marc  

The information on your website has been very useful when submitting my TAX. I just have a question if you don't mind?

I submitted my tax return for 2015 and I was selected for an audit. After submitting all the documents I was then informed that I was outstanding my tax returns for 2011 and 2012 and that I should submit- which I did. The one in 2012 shows that I am due a refund. My question is will this money get paid to me or would I have to wait until the audit is done on my Tax ta...



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Information required from SARS to payout refund?

  Written by Marc  

My tax return 2014/2015 was completed on the 5th August 2015. It reflected an amount due to me. Please can you advise me as to when this amount can be expected. Normally I have received payment with in a week. Thank you

Using someone else's banking details for my tax refund from SARS?

  Written by Marc  

Hi i'm orginally from Nigeria, I live and work in SA, I just did my tax retuns but they told me I cannot use my foreign acc except and Indian foreign acc,i tried opening a capitec acc but was told my papers are about to expire so I need to wait for the new ones... Can I use a 3rd parites banking details and have my retuns paid into their acc instead?

Medical aid contributions for Parents not on my membership

  Written by Marc  

I currently pay for my parents medical aid. They are both pensioners and they do not submit tax returns to SARS. They are on their own medical aid membership, and I am on my own. So, my dad is the main member on his, with my mum as a dependant, and I am a main member on mine with my wife as a dependant. This is because my parents are on a different medical aid scheme then what I am on. SARS says that only the main member can claim for medical aid contributions, so that means that my dad must cla...



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What other documents are needed to hand in with IRP5 at branch or efiling?

  Written by Marc  

Hi, what other documents is requiered at the SARS branch whith my IRP5? And do I need it for SARS eFiling as well? Thanks

Provisional Tax - how to work it out?

  Written by Marc  

New to provisional tax. We are working with an accountant but info is not forth-coming. Is the taxable amount worked out on:
Income less
Deductions / Expenses
= Taxable Income (i. E. We are taxed the percentage in that tax bracket)

i. E. The provisional tax amount is not just worked on your income?

Take home amount after tax

  Written by Marc  

Hello Tim. My lik brother got a job that willl give him about 20 000 commission without basic. He needs to know how much he takes home after tax

Medical aid - can I deduct for my father?

  Written by Marc  

My parents who are financially dependent on me have a medical aid where my father is the main member and mother is the dependent. Each month I am responsible for the monthly payments towards their medical aid. They are however on a separate medical aid from myself. Can I claim for a tax return? If so how do I go about doing it? Thank you
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