Refund and auditing outcome

  Written by Marc   Posted 29 January 2016

I initially filled for my tax returns for 2015 and I was told that I had two outstanding years I have to filled and until I do, i'm not going to receive my refund and I was told that i've been selected for an audit as it's mostly the case for foreign contract workers. So within, two weeks, I submitted the remaining two outstanding years at a SARS office at Richardsbay. I received my ITA34 alright for both years just like the earlier one. So in total, I was due for about R13700 refund pending the...

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Am I eligible for 2nd one third tax free payment?

  Written by Nicci   Posted 29 January 2016

I was retrenched at age 54. One third tax free amount paid out to me. Started working again for another company after 4years. A contribution towards a provident fund was paid in by new company when I started work again after 4years. I am now 69 years of age and retire by end March 2016. Will I be entitled for another one third tax free payment?

How to practically offset an assessed loss

  Written by Marc   Posted 29 January 2016

Hi Tim, I owe SARS R240,000 for income tax year 2012. However, when I checked my compliance, I had not submitted an income tax return for 2011. So I submitted this and obtained an assessed loss of more than R1m. How do I practically use this assessed loss of 2011 to get rid of the 2012 debt of R240k on SARS SARS eFiling

Does a dormant cc count in generating my personal ITR12?

  Written by Marc   Posted 29 January 2016

If I am a member of a close corporation that has ceased trading (I receive no income from the cc) prior to the year of assessment, should I still enter "Y" in my personal ITR12 (in which case a "Statement of Local Assets and Liabilities" section is added to the form. Or can I enter "N"?

Slitting income when married in community

  Written by Marc   Posted 29 January 2016

Can you please explain what amounts get slit 50/50 when a couple is married in community of property please? My husband is retired and I am the breadwinner. We receive rental and interest. Also what to do with the medical expenses, both membership & additional, in my name only?

Do I need to start paying tax?

  Written by Nicci   Posted 29 January 2016

I would like to know if I need to register for PAYE. I am 25 years old and a part time student. I au pair in the afternoons (R7500 a month salary) and I also do contract work for 2 companies (R1500 and R2500) salary in order to pay for my fees. One of the companies is asking me to get a tax number in order to pay me and I'm worried about doing that as my salary just about covers my expenses and expensive study fees - so I can't afford deductions.

Individual tax on private vehicle bought by company

  Written by Marc   Posted 29 January 2016

If a company pays for an employee's personal vehicle, what are the tax implications for the employee as an individual? Would a loan from the company be a better option?

Outstanding returns

  Written by Marc   Posted 29 January 2016

I have outstanding tax returns for tax years 2013, 2014 & 2015 and have IT88 deductions for the periods, how do I reconcile all outstanding tax returns and will the IT88 amounts be considered should there a "Due by you" amount or credited if there is a "Due to you" amount on completion of the assessments. Are you able to assist in getting all these tax returns completed.

Fringe benefit tax on employer supplied cellphone

  Written by Nicci   Posted 29 January 2016

A NPO supplies employees with a cell phone and the NPO pays the contract. The calls are predominantly business, but some private calls take place. How does the fringe benefit get calculated? The contract supplies data, sms and calls.

Supporting Documents - link missing.

  Written by Nicci   Posted 29 January 2016

Hi, SARS ask for supporting documents, but when I open my ITR12 in the history, there is not a tab for submitting documents like you explain. Where must I upload this documents now?

How to apply for tax number

  Written by Nicci   Posted 29 January 2016

Can a person apply for a tax number online?

Tax thresholds and married in community of property

  Written by Nicci   Posted 28 January 2016

I am a provisional tax payer 66 yrs of age & married in community of property my income is derived from an annuity & interest from fixed deposits, what is the maximum I can earn before I pay tax.

Tax on bonus

  Written by Nicci   Posted 28 January 2016

I got a performance bonus in December last year. This was paid separate from my salary. I first received my salary then few days later a performance bonus. I have now received my payslip and when I saw that there was a huge difference on my normal salary I was told that payroll deducted tax from the bonus of December from my January salary. Can you please advise if this is legal?

Why has my money not been paid back?

  Written by Nicci   Posted 28 January 2016

I submitted my tax return last year for 2015 I gave them IRP5S for 2010-2015 as requested - money not fully paid, why?

Can I claim tax?

  Written by Nicci   Posted 28 January 2016

I have been paying tax for 3 years now. I would like to know if I can claim it back

As the sole employee and director do I have to pay PAYE or can I pay provsional tax bi-annually?

  Written by Nicci   Posted 28 January 2016

I am an independent consultant. I have been operating since June 2015 and have been paying myself a salary and deducting PAYE
I have recently found out that I must be a provisional tax payer as well
Since I have started in June and have not deducted any expenses to arrive at my taxable income, it appears that with 2 months to go I have overpaid my tax significantly
from a cash flow perspective, I will only receive my refund around July/August
Am I able to not pay PAYE for the...

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How to get tax fer no. & SDL ref no.

  Written by Marc   Posted 28 January 2016

What is tax reference number & What is SDL ref no.? I am a teacher,where do I find them? Tax clearance form needs me to fill it in.

Can my husband claim medical if the wife makes the payments?

  Written by Nicci   Posted 28 January 2016

I became a stay at home Mom as of 1 Dec 2015. I know money's transferable from hubby are not taxed. Can I still pay for things and my hubby claim for them? I have a disability and have two autistic sons. All three of us are registered as disabled with SARS.

How to measure kms

  Written by Nicci   Posted 28 January 2016

I dont have a travel allowance and use my private car for work. My company does reimburse me for work related travel. Question is from where do my km's get measured as some days I drive straight to site from my house and not via office. How does the calculation look and lastly how much should they pay me per km?

Tax on R1 000 000

  Written by Marc   Posted 28 January 2016

If I have 1000 000 rand and I retire now what is my tax percentage?

How to do a pro-rata calculation

  Written by Nicci   Posted 28 January 2016

I need to pay staff that start date 21. 01. 16 to the 31. 01. 16
need to know how to calculate and what deductions to make. I am in the restaurant business.

How to arrange a payment plan with SARS.

  Written by Nicci   Posted 28 January 2016

I started my business a few years ago, and the accounting firm that I appointed hardly made contact. As I'm not an accountant / bookkeeper / figure orientated wizard, but rather work with tools, I have no idea what is expected. A year ago I approached another bookkeeper and he ended up taking over my books from the previous firm. A month later I had to supply docs for my personal tax submission. I then found out that I owe SARS in excess of R40K, for some issue not resolved by previous firm, and...

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What is considered Other income earned (excluding dividend

  Written by Marc   Posted 28 January 2016

What is considered as Other income earned (excluding dividend ):

Tax implications on Salary pegged in USD

  Written by Marc   Posted 28 January 2016

I work for an International company and all our income is in hard currency. I want to negotiate to have my salary pegged in USD. What are the Tax implications of having my salary pegged in USD but getting the ZAR equivalent every month?
e. G. Say I negotiate USD1000 with my employer
Jan the rate is 16. 6---->R16 600
Feb the rate is 18. 1---->R18 100

Can I claim tax on parking paid

  Written by Marc   Posted 28 January 2016

As a permanent employee, can I claim tax on monthly parking paid from my nett salary? My employer does not provide parking or contribute towards parking but I need a parking space in the adjacent building.
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