Paying tax on international cash gift.

  Written by Marc   Posted 28 November 2015

I'm an SA citizen who is currently based in New Zealand for a couple of years. I'm going to SA for a holiday and have sent money to one of my bank accounts to use as spending. The money has been sent electronically and my reason was a gift to myself. Will I be paying tax on this amount in SA?

I am a commission earner and earned R 486 342 but my tax assessment states that I owe SARS R2327719

  Written by Marc   Posted 28 November 2015

I am an estate agent, I've submit my tax returns and have received a shocking assessment of R2,327,719. 96
I earned R486 342,00 in commission from selling property. I suspect I might have made an error where I was asked about turnover and I put the value of the properties that I sold which is about R7,000,000 and am afraid SARS wants to tax me on that whereas I only received and average commission of about 5%. Kindly advise how I rectify this.

Declaring Income on IB3 (b)

  Written by Marc   Posted 28 November 2015

I HAVE A ITB3 (b) document/certificate from Nedbank for Income from Investments, Property Rights and Royalties. Where do I need to declare the interest? What source code?

Tax uif on 10 000

  Written by Marc   Posted 28 November 2015

Hi if I earn 10000 a mount how much will I get after tax and uif is applied

Cant find my appropriate source code, clicked the wrong button want to accept changes to what SARS h

  Written by Marc   Posted 27 November 2015

I clicked ignore instead of accept for adjusting my tax return to match what is on SARS records - how do I go back and change this. How do I find the source code for environmental consultant it doesn't seem to be on the list you offer - what is the source code SARS has on record for me for this

No IRP5 being delivered

  Written by Marc   Posted 27 November 2015

One of my previous employers refuses to send an IRP5 (they claim their submissions aren't balancing, I suspect they haven't being paying our tax), the cut off is tomorrow and I now don't have an IRP5 to submit for part of the year. I can't get an affidavit as I don't live in the country anymore. How do I go about this?

Under which heading can business expenses be claimed eg rates

  Written by Marc   Posted 27 November 2015

Under which heading can business expenses be claimed eg rates

Can I register now as provincial for 2015.

  Written by Marc   Posted 27 November 2015

Can I register now as a provincial tax payer and file now for 2015?

Provisional Tax interest

  Written by Marc   Posted 27 November 2015

I am a provisional taxpayer and I am only submitting 2014-2015 now, I am trying to calculate my penalties but I do not have the figure for the provisional tax amount?

Medical Aid Deductions

  Written by Marc   Posted 27 November 2015

Can contributions to a hospital plan be deducted?

Sole proprietor of a carwash claim the whole amount paid for electricity, water & rent.

  Written by Marc   Posted 27 November 2015

Can a sole proprietor of a car wash claim the whole amount paid for electricity, water & rent.

Am I liable for SA tax?

  Written by Marc   Posted 27 November 2015

I am British, have my family and home in South Africa, work abroad for long periods of time and don't work in SA. Sometimes I take a long holiday at home - three or four months. I sign a contract for each company I work for abroad. Am I liable for SA income tax?

What does physical impairment include interms of expenses I can claim?

  Written by Marc   Posted 27 November 2015

What does physical impairment include in terms of expenses I can claim?

If you earn comm but its not 50.1% more than their total salary,can they still claim for cell+travel

  Written by Marc   Posted 27 November 2015

If someone made commission for the year but its not 50. 1% more than their total salary, are they still allowed to claim for cell phone and travel exp?

Source code and income

  Written by Marc   Posted 27 November 2015

How and where do I enter the 4 digits for source code and income

How can I claim house hold expenses portion if allowed to work from home?

  Written by Marc   Posted 27 November 2015

In reference to claiming house hold expenses as my employment contracted stated I could work from home as well if needed. I do not have an ITR12 form, only an IRP5/IT3(a) form. If I do not have an ITR12 form, does this mean I cannot claim this?

Can I claim from my monthly supplement expenses, or only actual medicinal expenses?

  Written by Marc   Posted 27 November 2015

Can monthly supplement expenses be included in the "medical expenses" I spend monthly as my medical aid is only a hospital plan.

Foreign Income included in Turnover Tax?

  Written by Marc   Posted 27 November 2015

1. Which one of the following squares must be clicked on under "Foreign Income - Yes or No" on the "Information to create your personal Income Tax Return" (see background information in 2 below)

2. My husband is a pensioner and a Provisional Tax Payer. He also practices art as a hobby and registered as Turnover Tax payer regarding this income. How should he declare the foreign income from paintings that he sold to clients abroad, which is already included in the Turnover Tax amount d...

Read more →

Can I claim bank fees if I'm a sole proprietor?

  Written by Marc   Posted 27 November 2015

Can I claim bank fees if I'm a sole proprietor?

As a sole proprietor I don't have an IRP5, how am I going to complete my Tax return?

  Written by Marc   Posted 27 November 2015

As a sole proprietor I don't have an IRP5, how am I going to complete my Tax tax return?

IRP5/IT3a for self employed

  Written by Marc   Posted 27 November 2015

I am stuck here as I'm self employed, can someone help me out please:
Did you receive an IRP5/IT3a from being employed as an employee, from contract work, or from a fund (e. G. Pension, provident or retirement)?

To calculate home/office expenses must this calculation be done for every month of whole year?

  Written by Marc   Posted 27 November 2015

The formula that you use to calculate home/office expenses must this calculation be done for every month of whole year?

Resigned 7 minths ago

  Written by Marc   Posted 27 November 2015

I resigned my job 7 months ago and received my IRP5. I don't have a job at the moment. Do I need to let SARS know that I am jobless and don't earn an income? Or will I receive a notification saying I haven't paid taxes in the last 7 months?

Deductions against code 3616

  Written by Marc   Posted 27 November 2015

I have 7 IRP5's
2 of them are salaries from different companies code 3601 value R229400
2 are as an independent contractor code 3616 value R514321
From the salaried income I had 1 month with a travel allowance. I currently have computer hardware, travel expenses, a vehicle and it services expenses that I van to deduct against the code 3616 income. I want to know where do I fill in in on the form to deduct expenses I incurred to generate the income earned on code 3616?
How do ...

Read more →

Do two owners need to split rental expenses and income in a tax return?

  Written by Marc   Posted 27 November 2015

My wife and I share a rental property and split costs equally. Are we meant to split these on our tax returns or should we populate only what we each pay from our specific bank accounts? Rental income comes into my bank account and the interest expense comes off it as well.
Older posts →← Newer posts    71  72  73  74  75  76  77  78  79  80  81  82  83  84  85  86  87  88  89  90  91