ITA34 report when receiving a non-taxable allowance

  Written by Marc   Posted 25 November 2015

The bank requires me to submit an ITA34 report for a loan application. My income is not taxable because it is an allowance from my parents. Is it possible to still get this clearance from SARS?

Needs a tax number urgently

  Written by Marc   Posted 25 November 2015

One of our employees needs to get a tax number. He stays with his mom who has a lease agreement, she completed the SARS form and he took her ID as well as the lease agreement to SARS but now he has been told that he needs an account statement as proof of address. He doesn't have an account anywhere and he tried to open one but no one wants to give him an account. His mom also doesn't have any accounts anywhere. So what now? How does he gets a tax number because the proof of address is the only p...

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Difference between IRP5 and IRP12?

  Written by Marc   Posted 25 November 2015

I registered for SARS eFiling this morning but online it says IRP12 n IRP6 was I on the right page? because am having IRP5 and they sent me an sms asking me to fax I'd copy n IRP5

Tax percentage on over time

  Written by Marc   Posted 25 November 2015

If I worked 140 hours over time at a rate of (R300 per hour) how will this be taxed? will It be added to my basic salary and then taxed as a whole or will the over time be taxed separately and what percentage? are there specific percentages being taxed in different "brackets" or is it a flat rate?

Have an IRP5 but am an independent consultant, how do I answer some questions?

  Written by Marc   Posted 25 November 2015

I was part-time employed for 5 months of Tax year 2015, for which I have an IRP5. But I have made income elsewhere throughout the year as an independent consultant (freelancer). I am a little uncertain how to answer some questions, such as: "Did you spend any other money related to your earnings that you think you can claim as a deduction? You must have an amount next to source code 3606 (commission) on an IRP5 to qualify". The expenses I'd like to log relate to work that is not reflected on an ...

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Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per mont

  Written by Marc   Posted 25 November 2015

Are my medical expenses (besides contributions to medical aid) deductible if I earn R70 000 per month

Why file a tax return?

  Written by Marc   Posted 25 November 2015

If you advise filing a tax return why do SARS say you shouldn't? I have been told by them not to.. I make minimal money at a very part time job. I do earn interest. I do have quite a few investments in my name too.

Medical aid supporting docs

  Written by Marc   Posted 25 November 2015

Hi. I have claimed for medical aid contributions and excess medical expenses out of pocket. SARS is auditing me, do I have to submit the actual slips for the out of pocket expenses (i. E. Every consult invoice and proof of payment)? Or is the summary from the medical aid (which shows claims and what was not covered - it has both full claim amount and out of pocket expense numbers reflected) sufficient?

Can I add bond & registration fees to a rental

  Written by Marc   Posted 25 November 2015

Rental - can I claim or declare bond registration fees and transfer fees on a rental

Medical tax credit change upon SARS review, can you help?

  Written by Evan   Posted 25 November 2015

I calculated that since my wife and kids were on separate medical scheme and that I was contributing towards this I would be entitled to a refund, which appeared on SARS eFiling as such. However SARS subsequently requested my tax documentation and reversed the same credit that was in my favor to me now owing them?

Can you help with this?

Copy of completed tax return

  Written by Marc   Posted 24 November 2015

Where/how do I see a copy of my completed tax return?

Want to know when SARS is paying my money; October has passed..

  Written by Evan   Posted 24 November 2015

I already file via SARS was suppose to get my money in October even, now I don't know what happened to the payment...

How do I calculate Rental Income?

  Written by Marc   Posted 24 November 2015

How do I calculate rental income? Is this calculated as follows or is it different? Rental Income = Bond Repayments - Rental income. If it is positive it will be a profit, if negative it will be a loss?

Do we need to submit a tax return

  Written by Marc   Posted 24 November 2015

I get about R2000 /month from my living anuity and R900 / month from an investment. I no longer own property and my medical aid is about R1200/ month. I sometimes get about R2000 / month doing odd jobs and I supplement my income with the proceeds of the sale of my house. Do I have to submit a tax return
My mother is 92 and gets R8000/ month from one investment also has medical aid. Does she have to submit a tax return. Thank you

Do you have my details on file so I can switch to TaxTim?

  Written by Evan   Posted 24 November 2015

I notified my former tax consultant that I would no longer be using his services, and would be switching to TaxTim. Does that mean my paperwork has already been forwarded to TaxTim?

Primary residence definition

  Written by Evan   Posted 24 November 2015

I was letting out my property and was renting in another suburb for 3 years before selling my property. Is that property still seen as my primary residence?

What amount of tax can a sole proprietor expect to pay, on profit of R105504 ,and salary of R281590?

  Written by Evan   Posted 24 November 2015

I run a small business, a sole proprieter. Over the 2014/2015 tax year a earned an annual salary of R281590, I also realised a profit of R105504. According to my accountant, I need to pay R22408 in tax for the financial year. Is this correct, as it seems a bit much to me?

What is the base cost if the asset was acquired by a will?

  Written by Evan   Posted 24 November 2015

The asset was acquired by a will, so I did not pay anything for it. How do you determine the base cost value.

Steps to obtain an ITA34

  Written by Evan   Posted 24 November 2015

I am a sole proprietor and work for the last 4 months for my self. I take an income of R30 000.00. How do I get a ITa34 that the banks requested for a loan?

What is the amount that is medical contributions made only by me, not reflected in the IRP5?

  Written by Evan   Posted 24 November 2015

On the tax return,there's a section that requires me to fill in any medical contributions made by myself that are not reflected on my IRP5/IT(a) however the total contributions are reflected on my IRP5 so am I supposed to deduct the employer's contributions from the total contributions to calculate contributions made solely by myself or is is another amount they're referring to?

Where do I enter funds received from a retirement plan?

  Written by Evan   Posted 24 November 2015

Where do I enter funds received from a retirement plan?

What is the tax rate payable when withdrawing a portion of the provident fund money?

  Written by Evan   Posted 24 November 2015

Have resigned (under 50 years old) and need some cash flow. I transferred the provident funds from employer to a preservation fund account. How much tax will I pay if I make a withdrawal of a portion of the funds?

SARS has issued correspondence

  Written by Evan   Posted 24 November 2015

I got a response from SARS as follows:

SARS has issued correspondence for [name hidden] which requires your attention. To view this, kindly log into your SARS eFiling profile and either navigate to the respective Work Page or to the SARS Correspondence menu. For any queries please contact the SARS Contact Centre on 0800 00 SARS (7277) between 08:00 - 17:00 (excluding weekends and public holidays).

24h waiting period for registration on SARS efiling

  Written by Evan   Posted 24 November 2015

I have done my registration on SARS SARS eFiling, but now when I log in a message appears that I have to wait 24h for SARS to process my application..... I've done that 5 days ago. Just want to now if I need to send anything away, thinking the delay is my fault?

Am I tax resident or not?

  Written by Evan   Posted 24 November 2015

I moved from South Africa to work in Dubai in August 2014. I therefore was outside of South Africa for more than 183 days in 2015 tax year. From your previous answers, I identified that the income I earned while in Dubai will not be taxed in South Africa for 2015. However, does this mean that for 2015 tax year I am not considered a tax resident of South Africa or is it that I am still a tax resident but the income is not taxed? I will and work now in Dubai permanently.
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