How long does it take to be paid after being sent for verification?

Posted 16 July 2015

I would just like to find out I did my income tax and it showed they owe me R5000 but after that I was sent for verification but now as I check my SARS eFilling profile it says assessment received does it mean I will get paid soon or what?

Claim business usage for private car

Posted 16 July 2015

Hi I am using my private vehicles for business travel, part of my job is to do site visits, client meeting ect. I did not receive a travel allowance from my company. Please explain how I can claim this back as I do have log sheets for the travel. I am busy having my package restructured to include a car allowance.

Part 2: can I claim depreciation for one vehicle and also claim travel back or is it not allowed?

Old Tax Submission

Posted 16 July 2015

SARS is withholding a lot of money this year as they say that the company I worked for 8 years ago never submitted my tax/or they don't have a record of this (which is weird as tax has always been taken off my salary). I left they company in 2009 and they are no longer operating. What do I do?

Refund outstanding for two weeks

Posted 16 July 2015

Hi, how long does it take to get your refund? Mine has been outstanding for 2 weeks now.

Taxable allowance for cell phone 3713

Posted 15 July 2015

I received cell phone allowance under code 3713 (taxable). Where on the tax return can I claim the expense?

Deduction againt 3713 other taxable allowance

Posted 13 July 2015

My cell phone allowance is reflected under code 3713 (taxable allowance)
Where on the tax return must I complete the cell phone deduction?

Do I enter the whole wear and tear value in my tax return or only the "official" part?

Posted 10 July 2015

When calculating the wear and tear on my car I take the original cash purchase price and divide that by 5. Do I then enter that value in my tax return (same as all other deductions) and SARS then automatically calculate the "official" part thereof from the kilometers I entered, or do I do the calculation myself and then enter the "official" part in the tax return?

Independent Contractor - Allowable Expenses

Posted 10 July 2015

Hi, I'm an independent contractor and my income is indicated under code 3616. I don't get any allowance, and my company pays income tax every month. What I want to know is can I claim, under the allowable expenses, for things such as vehicle depreciation/KMs traveled/vehicle service costs etc?

Almost all my work related travels are from home to the client site and back, which I have kept a log book for.

Can I claim for depreciation on my personal vehicle used for business puposes?

Posted 10 July 2015

Can I claim on my personal vehicle used for business? I receive no allowance, just re-imbursement for petrol claims and services. I have a logbook indicating business vs personal use.

Calculations of refund after submitting correction

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 have to pay provisional tax for my company and myself?

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?

Can I claim VAT personally?

Posted 8 July 2015

I have a VAT number, so can I claim VAT on personal buying?

Wear and tear allowance on sars code 3713

Posted 8 July 2015

I received a laptop allowance on a monthly basis. Laptop belongs to me. This appears on my IRP5 under source code 3713. I received this over 3 years. Can I claim a wear and tear allowance against this income?

I'm confused if I should claim over 3 years or just a single year as I've read different responses online. Also what supporting docs would SARS require? Would the tax invoice of my laptop be sufficient? Thanks

Depreciation on passenger vehicle

Posted 7 July 2015

Good day,

I bought a 2002 model car which is still in good condition, in June of last year for a financed amount of R109,990. 00 This vehicle is used on a 50% work and 50% private basis. I do not receive a car allowance and this vehicle is paid out of my own pocket. Is it possible to claim depreciation/wear and tear on this vehicle from SARS?

Letter from SARS about source code 4027

Posted 7 July 2015

I received an ITA34 and a letter from SARS. It asks me for relevant material for source code 4027. Must I get a letter from my employer confirming that I use my laptop for work an must my IRP5 be changed?

Can I claim purchase of vehicle as a expense (commission based)

Posted 6 July 2015

I am completely commission based. I recently purchased a vehicle cash. Can I claim it as expense incurred in the production of income? Or do I add it as Travel expenses (commission income)?

Two different IT34's

Posted 6 July 2015

Good Day. I submitted my tax return on e-filing. I got an It34 stating an amount to be paid back to me. I then realised that their was a R4 difference on my laptop depreciation. I corrected it and resubmitted my Tax return (as they requested laptop invoice and figures need to match) I did the calculation and it showed about R4 less that I would be receiving back. But I then received another IT34 stating that I owed SARS R4. Which IT34 is correct? I changed an amount by R4 I can't possibly lo...

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Employed Commission Earner and Investor - Where do I stand?

Posted 5 July 2015

Hello

I am hoping you can help. A few things:

My retirement annuity reflects as code 3697 on my payslip. Is this normal, does it count the same as 4002?

I receive a car allowance, but my vehicle installments, insurance and petrol costs me more, is there a smarter way of doing this?

More than 50% of my salary was commission from a single employer this year. Can I still claim fuel,l insurance and depreciation although I have a car allowance? What other expenses can I legitimately claim (i.e entertainment, networking meetings etc. ) Can I claim for expenses my company have re-imbursed me for?...

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Business traveling expense

Posted 4 July 2015

Claiming business travel for commission earners using their own vehicle.

How to claim for Vehicle Expenses as an Estate Agent

Posted 4 July 2015

I am an estate agent where I sell property and I am purely on commission only. No basic salary. I do know that I can claim for my petrol for business purposes. And I am also aware that I need to have a logbook for proof of mileage. However, on my IRP5 I cannot seem to enter the Petrol, Wear and Tear, Oil, Maintanance and Repairs, Insurance etc etc. Please help me as to how I can include that in my ITR12 form.

Non-commission, no car allowance. Can I claim travel expense?

Posted 3 July 2015

I'm not on commission and don't get a car allowance. But have done 17,000km in my car for business. Can this be claimed? Or can the 4015 code only be used for commission earners? What should I do?

Interest deduction?

Posted 29 June 2015

I run a part time business from home that earns me commission and a car allowance. The expenses I occur monthly is home based eh. Telephone. Internet etc. I currently have a personal bond on my house. Can I claim the interest portion of the bond as a deduction as I use my home to earn commission? Thanks.

Wear and Tear deduction

Posted 29 June 2015

If I don't get a car allowance and the work refunds my petrol when I drive to clients, can I claim wear and tear on my personal vehicle. Where do you fill this in on eFiling?

Can I claim tax on Co vehicle and fuel where I do not have a travel allowance?

Posted 23 June 2015

Hi TaxTim, I work as a vehicle sales executive, which means I have a company vehicle which I use for both business and personal use. I did keep a log book. On my payslip it is reflected under "taxable perks". "I also paid Vat on Co car" which is showed on my payslip under deductions. I also had a fuel allowance but that is not reflected on my payslip because the company I worked for owns a fuel station and we had "fuel tags". The vehicle was not maintained by me, but I just want to find out if I...

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Commission Earner - what can I claim for tax purposes?

Posted 23 June 2015

I am a commission earner and familiar with submitting returns for petrol expenditure, medical aid and RA contributions. The only other expense that I have not claimed for is the use of my cell phone, which is used in majority for work purposes. The question is how do I prove, if audited, the allocation of phone calls that have been used for work purposes; or do I just apportion my monthly subscription fee, say R2000. 00 x0. 50 = R1,000. I just don't want to find myself in the predicament were I ...

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