Medical rebate not given by SARS

  Written by Marc   Posted 1 December 2015

My company paid medical premium for me for the period 1st Mar 2014 to Feb 2015. For first half of the year it was with one medical vendor and then for the second year it was with a another medical vendor. I filed my IT tax returns on time. I got an additional assessment wherein SARS has not taken one medical vendor and I stand to lose out around R5000. How should I dispute and in the notice of objection form where do I fill the exact details as it is asking for source code?

Why is it taking so long to receive the pay out, is there something I missed ?

  Written by Marc   Posted 1 December 2015

I submitted my tax return via SARS eFiling and received the ITA34 - and notifications saying that SARS owes me. I submitted the tax return on the 25th. People have been saying it takes between 2-3 days to receive a pay out and SARS sends a sms or email to say when the money will be paid. How come I have not heard anything yet?

They wanted. My irp 5 for 2011

  Written by Marc   Posted 1 December 2015

SARS told me yesterday that I did not submit IRP5 for 2011, I have a copy, how do I submit it to them

Forgot to include something on tax return

  Written by Marc   Posted 1 December 2015

HI. What if you forget to include something on your tax return, but have already filed it..... I have incurred a capital gain due to the sale of a property, and see that I should have included some share sales, which incurred a loss. Would they have been set off against each other?

Representative Vendor

  Written by Marc   Posted 1 December 2015

I have just recently started my own business I need to register for VAT and Payroll Taxes. When completing the VAT101 form, who is the Representative Vendor? I am registered as a Company, I am the only director, my wife handles the administration of the finances, taxes and payroll etc. She has Power of Attorney. Should the Representative Vendor be me or can or should I make it her? A similar question is asked on the EMP101 where they want to know who is the Representative employer?

How much will I get from a salary of R2361 in a year

  Written by Marc   Posted 1 December 2015

I want to know how long it takes to get ur income tax return and how much will it be if my salary is R2361 a month?

How much should I be taxed if I'm earning R 7000?

  Written by Marc   Posted 1 December 2015

Hi. Im getting payed a R 7000 a month, but it seams im being taxed large amounts of money every month. I would like t know how much should I be taxed?

Tax on Loans

  Written by Marc   Posted 1 December 2015

If my brother gave me an interest free open-ended loan - what would the tax implications be?

VAT Registration in person

  Written by Marc   Posted 1 December 2015

I need to register for VAT, I have completed the VAT101 form and attached all the necessary required documents. Must I submit this myself in person or could my wife who is my bookkeeper and has Power of Attorney be able to submit my application form?

Investment income whilst being in the UK

  Written by Marc   Posted 1 December 2015

I earn R3000 per month from an investment and this is my sole income. I invested in July 2015. I have been in the UK since July so might be classed as a non permanent resident for tax. While in the UK I have not earned any income and if I have in the past I have paid UK tax. Do I need to file a tax return for this year and get an ITb3 certificate from the bank

Can I get my refund even if I submitted my returns late?

  Written by Marc   Posted 1 December 2015

I submitted my tax returns late and the tax calculator showed that I have a refund. Will I still get the refund even when I submitted late?

Tax on retirement gift from a Church to a Pastor

  Written by Marc   Posted 1 December 2015

Our church wants to donate a parting gift to a retiring Pastor of between 500000 and 750000. Will the church have to pay donations tax or will the retiring Pastor have to pay tax on this amount?

Does Base Cost include interest over time?

  Written by Marc   Posted 1 December 2015

I am selling a rental house. Will the interest on my bond over the period of ownership be part of the base cost?

Is it a must to register at SARS?

  Written by Marc   Posted 30 November 2015

Is it a must that each and every person must register to SARS when they are employed?

Can employer deduct medical tax credits from employees tax but the employee is paying the medical ai

  Written by Marc   Posted 30 November 2015

Employer pays a basic salary to employee of R28 000,00 per month. There is no fringe benefits. Employee pays a medical aid scheme for himself his wife and 4 children. Employee shows proof of his medical aid to employer. Can employer deduct the medical tax credit of R1264 from the monthly employees tax. That is R5171 less 1264 =R3907. And then when doing the employers recon the IRP5 will only have the earnings of R336000,00 (under the 3601) and employees tax R46884 and no other codes except for u...

Read more →

Move from a Tax Consultant

  Written by Marc   Posted 30 November 2015

I am at present using a tax consultant. How do I transfer to doing my own tax return with the help of Tax Tim?

They have all my records etc.

I would like to know what is IRP5 is?

  Written by Marc   Posted 30 November 2015

I just want to know what is IRP 5 CERTIFICATE FOR LUMSPSUM. Ian if the say gross lumpsum is 7500 what that means. Can I get the best explanation please. Thnx

How do I get a number

  Written by Marc   Posted 30 November 2015

How do I get a tax number I have pay income tax on my salary per mouth with work but don't have a tax number?

Out of pocket medical expense for dentist.

  Written by Marc   Posted 30 November 2015

I'm 25 years old, my annual income is approximately R264000 and I'm also paying my own medical aid at a rate of R1710 p/m with no other dependents. I'm considering the possibility of having severe dental work done on my teeth that will be a R150000 out of pocket medical expense. How much of this will I be able to claim back from tax?

What do I expect from a mixture of employment and individual contractor at end of tax year?

  Written by Marc   Posted 30 November 2015

I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to hours worked for the month. The institution deducts income tax from total income. What do expect at end of tax year?

As far as I know over the counter medical expenses cannot be claimed

  Written by Marc   Posted 30 November 2015

As far as I know over the counter medical expenses cannot be claimed, unless it is on doctor's prescription. You say I may claim it?

No IRP5 on liquidated company

  Written by Marc   Posted 30 November 2015

The company my wife has worked for has been liquidated in September 2014. She has worked for them form January 2014 until September 2014. Subsequently she hasn't received and IRP5 because of the liquidation (there is a case pending and they say that they cannot issue the IRP5 until the court has made a decision). She does however have payslips and the company did pay tax in the time period she worked for them. She also has a letter from the auditor explaining this. What do we need to do on SARS ...

Read more →

Tax on Rental Income

  Written by Marc   Posted 30 November 2015

Dear Sir/Madam

I am South African, but living and working in Kuwait. Back in Durban I own 2 properties which are rented out to tenants. Property 1 - rental income is R6200. 00 pm, monthly bond is R3500. 00, rates is R1600, monthly levy is R850. 00. Property 2 - rental income is R4500. 00, bond is R3550. 00 pm, rates is R350. 00, Levy is R700. 00. I have no other source of income in SA. Do I pay tax to SARS?

I was a registered tax payer whilst I worked in SA. But no longer....

Read more →

Does that mean I owe SARS?

  Written by Marc   Posted 30 November 2015

I received an SMS after submitted my IRP5 "said" assessment type : additional: amount Due by you: audit: N : first payment 01-01-2016 and 2nd 31-01 -2016 does that mean I should pay money?

Do I have to spend 63 days out of the country before 28 February 2016 to not pay tax?

  Written by Evan   Posted 30 November 2015

I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...

Read more →
Older posts →← Newer posts    69  70  71  72  73  74  75  76  77  78  79  80  81  82  83  84  85  86  87  88  89