Medical Tax Credits Calculation

  Written by Evan   Posted 10 July 2015

Hi Tim,

I earn R4500 a month and I pay R700 a month for medical aid for myself. How many medical tax credits will I receive? At the moment if I am correct it is R257 for the main member
which equals 257*12 = 3084. Would that be roughly what I would get? I have been told that I cannot get more than R700 as that is my monthly contribution.

Why do high earning individuals get a refund from SARS?

  Written by Evan   Posted 10 July 2015

Why do high earning individuals get a refund from SARS?

Havent received my payment from SARS yet and its been 5 days already

  Written by Evan   Posted 10 July 2015

I recently did my tax with TaxTim but haven't received my return payment from SARS yet? On SARS Efiling it states that "Filed through an Independent Service Vendor"

Medical insurance claim

  Written by Evan   Posted 10 July 2015

I had a medical insurance plan last year for 5 months, can I claim that under medical expenses?

Salary if I want to net R12000 after tax

  Written by Evan   Posted 10 July 2015

If I want to net R12 000 pm after my Tax and UIF deductions, how should my Gross earning be?

Please help.

Do I pay PAYE on R5000 per month?

  Written by Evan   Posted 10 July 2015

Good day. I earn R5000 per month. My question is this, is there a need for PAYE deductions? And if I pay PAYE do I still need to personally pay tax to SARS at the end of every year? Please explain to me how this works. Is PAYE not already paying the tax you are liable for?

Previous year IRP5 submitted accidentally

  Written by Evan   Posted 10 July 2015

Hi,

I submitted my tax return for 2015 on the 3rd July 2015, was due to receive a refund. After a couple of days of no refund, I called the help desk - apparently I did not submit any tax returns for 2009 & 2010 (my job during that time did not pay enough to warrant a tax return).

Anyways I requested the 2009 and 2010 tax return.... The 2010 tax return had all my details and I promptly submitted it with no issues, however my 2009 tax return, instead of selecting save (was b...

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Why am I being audited when all my income, deductions and benefits are reflected on my IRP5?

  Written by Evan   Posted 10 July 2015

Hi Tim;

I recently completed and sent my tax return via SARS eFiling. I was selected for auditing and asked to provide supporting documents. I have nothing complicated going-on: I earn income only from my employer. All my benefits and deductions with respect to retirement fund and medical aid are all reflected on my IRP5 i.e. I don't have a personal retirement annuity or medical aid scheme outside of those in my salary package; as reflected on my IRP5. So what could be the problem?
...

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Tax on Breast Augmentation

  Written by Evan   Posted 10 July 2015

Can I claim tax on breast augmentation done?

How long after submitting supporting documents should you get your refund?

  Written by Evan   Posted 10 July 2015

My tax return is done by a tax consultant. He's been doing my tax for years without any problems. This year he submitted my tax return, and informed me that SARS asked for supporting documents. I only have my IRP5, RA and one income protection policy (that I am not even sure makes a difference). All this was submitted last week, and I have not heard anything since. How long does it take on average to review these documents?

Tax for independent work.

  Written by Evan   Posted 10 July 2015

Hi Tim. I am a full time teacher. I am thinking of leaving my job and working as a full time tutor from home. I will see students on a one on one basis and charge them and hourly rate OR I will travel to other students and charge them an hourly rate.

Can I claim against expenses that I incur whilst tutoring eg: at home - electricity, Internet, cellphone usage to contact students, travel costs when going to students, laptop purchase for work etc. Thank you.

Tax deduction for studies

  Written by Evan   Posted 10 July 2015

I am a director of a company and my company has offered to pay for my studies. I am studying BCom Financial Management. They are however trying to deduct it as a business expense. Is it possible and what tax law do they look at?

My friend wants me to claim for him by TaxTim the way I did

  Written by Evan   Posted 10 July 2015

My friend here wants to claim tax return by the way I do it on TaxTim. Can I assist her?

I have lost my eye in an mine accident . Am I I disabled or not?

  Written by Evan   Posted 10 July 2015

I have lost my eye in an mine accident. Am I disabled or not?

Assessed - Refund on taxpayer account

  Written by Evan   Posted 10 July 2015

A refund after tax assessed calculation/ - What is the waiting period before paid into your Bank Account?

My IRP5 seems to exclude some of my deductions - how will this affect my tax return?

  Written by Evan   Posted 10 July 2015

Deductions for my medical and pension fund reflect on my monthly pay slip but not on my IRP5 - will this affect my tax return as these were not included?

Travel allowance section

  Written by Evan   Posted 10 July 2015

I get reimbursed for travel allowance and it is put under code 3702. I have 2 questions:

1: On the first page of the tax return should I tick "Yes" for claiming against a travel allowance?
2: My log book and the amount under 3702 don't match since the travel for the second half of Feb 2015 is actually only paid to me in March 2015.

Paye deduction calculations and rules

  Written by Evan   Posted 10 July 2015

We only currently registered for PAYE, I want to know how we will go about calculating employees tax if our minimum salary is R2400 and maximum R7000. Which will leave us with a minimum yearly wage of R28800 and maximum R84000. Will we deduct employees tax from our employers or not and what do we do with SARS regarding this issue.

Living overseas and claiming expenses

  Written by Evan   Posted 10 July 2015

If I've emigrated but still receive my monthly annuity from pension / retirement fund can I claim for medical expenses paid for overseas, no medical aid in RSA any more, when submitting my annual tax return. Does tax paid on pension get much back?

SARS status "Return assessed" - what does this mean?

  Written by Evan   Posted 10 July 2015

Hi, Please assist. I did my tax return on SARS eFiling on the 1st of July. Not chosen for validation or audit. I have not yet received the money although online it states that the SARS STATUS is return assessed. What does this mean?

I did phone the call centre and they did not say anything about being audited or submitting supporting documents they only advised to wait. Kindly assist.

Audit income tax but unemployed

  Written by Evan   Posted 9 July 2015

I used to be employed, but from 02/2014 to now I am not. I submitted a nil tax return and have now been selected for audit. They are asking for documents.

What can I send them when I said I was unemployed and I did not claim anything. Do they go into my bank account without me knowing or should I email them bank statements? There are deposits in my bank but that is just transfers from my various accounts. No income. Please help. Thank you for the great site.

Calculations of refund after submitting correction

  Written by Evan   Posted 9 July 2015

I completed my SARS tax return. My IT34 said I was being paid an amount back. I then realised I had made a R40 error on my tax return for my laptop depreciation. So I amended on my tax return and re-submitted. My calculation then said I was receiving about R4 less than before. Once submitted I received an IT34 stating I had to pay SARS R4. Which is the correct IT34 now? I can't possibly lose all the money I was getting back for changing an amount by R40? I was also requested to submit the laptop...

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Do I need to do tax return even if I earn less but still have medical aid?

  Written by Evan   Posted 8 July 2015

I don't get deducted tax because of low income, but I have a medical aid.. And I was given employee tax certificate also. Do I need to do tax return also? Or is there no need since am not deducted tax..

Do I have to pay provisional tax for my company and myself?

  Written by Evan   Posted 8 July 2015

I have paid provisional tax for my small business and taken the profits after tax for personal use. Will I have to pay provisional tax as an individual for that income?

Why can't I get R21,000 initially?

  Written by Evan   Posted 8 July 2015

Hi Tim, thanks for a wonderfully informative site.
On SARS eFilings my tax returns were different from that of what I have on my IRP5 mailed to me by my work, so I corrected it. Which came back as me owing R16000 to SARS so I disputed and loaded the original on, now it shows I'm entitled to a refund after R21000-16000.

I submitted documents as requested and I'm also for audit. My question is will they pick up that I made an error initially and not refund me for the entire amount...

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