My dad is a pensioner and receives R323 per month from his annuity, should he add this on his return

  Written by Marc   Posted 18 November 2013

My dad is a pensioner and receives R323 per month from his annuity, should he add this on his return? so over 12 months R3876 for the tax year?

Can I submit a return without a IRP5?

  Written by Marc   Posted 18 November 2013

Can I submit a return without a IRP5? I received an IRP5 earlier in the year but have since left the company and no longer have it.

PAYE calculation for R26 800?

  Written by Marc   Posted 18 November 2013

How much tax does one pay if he earns R26800 per month cost to company?

IRP5 2011&2012?

  Written by Marc   Posted 17 November 2013

Can I still submit for 2011 and 2012 even though 2013 is already been taken care of and if so will I get refund or penalty or maybe both?

Donation from brother, how is this taxed?

  Written by Marc   Posted 17 November 2013

My wife's father died last year, and her brother was the only person in the will, so he inherited all the money. He decided to split the money with my wife and gave her R290 000, paid into her bank account. The brother did not submit an IT144. What does SARS want to see on my wife's ITR12 now when she submits in November. Also how much tax is due, and who must pay it?

Unemployed- Not to be employed but want personal tax number. Possible?

  Written by Marc   Posted 17 November 2013

I need a personal tax number, but I've never been employed and don't plan to be (I'm self employed). Is it possible to obtain one?

Please help,
Thanks

When must you do your first tax return?

  Written by Marc   Posted 16 November 2013

If my friend earns just under R120 000 pa & is registered for tax but has never register on eFiling nor ever completed a tax return, when must she do her first tax return?

S10 exemption - how to disclose income on SA tax return?

  Written by Marc   Posted 16 November 2013

While working on a cruise ship - we get a salary + uniform allowance + commission. but seeing that the section 10 exemption will be meet how do we disclose this on the SA tax return? Just one amount or disclose each separately?

Medical deductions, what are we allowed to deduct?

  Written by Marc   Posted 16 November 2013

What is the definition for 'qualifying out-of-pocket' medical expenses ? So, what qualifies ?

Why cant I get any tax refund when I have medical aid?

  Written by Marc   Posted 16 November 2013

hi Timam worried cause its my second year of submitting tax returns and I still got nothing,my employer pays 60 percent of my medical aid and also contributes to my pension fund,i have stopped paying for my retirement fund 5 years ago.all my colleagues get something except me,at the moment I owe SARS R180.00,where does it come from,with medical aid and tax contributions I believe I deserve something.I have finalised my divorce 12 months agopls help me understand

Do I sumbit a tax return?

  Written by Marc   Posted 15 November 2013

How do I know whether I need to submit a tax return? I am registered but have never submitted a return. I find the sars website a little confusing as they state: 'You are liable to pay income tax if you earn more than R63 556 in the 2013 year of assessment, and are younger than 65 years of age. ' BUT also state: 'What is the threshold for the non-submission of ITR12 returns for individuals for the 2013 year of assessment?Although a taxpayer still has to register for income tax he/...

Read more →

Are insurance premiums a tax deductions from a business?

  Written by Marc   Posted 15 November 2013

As a sole proprietor, can I deduct insurance premiums on electronic equipment as an expense? (3x computers I use to carry on my trade as an animator)

Medical Deductions - Source Codes 4040 and 4020

  Written by Marc   Posted 15 November 2013

I have incurred medical expenditure for the tax year ?%u20AC%u201C I have bills that I paid out of my own pocket, which my Medical Aid did not cover adding up to R7122 and I have an Income Tax Certificate from my Medical Aid with the amount of R6686. Also there are amounts on my IRP5/IT3(a) Employee Tax Certificate next to the codes 4005 and 4474.
Questions:
1. Should my bills add up to the same amount that appears on my Medical Aid Certificate?
2. Do I leave code 4040 blank and ...

Read more →

Must IRP5 be part of supporting docs?

  Written by Marc   Posted 15 November 2013

I do not have a copy of my IRP5, it was however submitted to SARS as it reflects on eF.Sars asked for supporting documentation, can I just submit the med certificate and logbook or must I get a copy of the IRP5 as well?

Am I a provisional tax payer?

  Written by Marc   Posted 15 November 2013

If I earn less than R20 000 a year selling AmC pots plus earn a normal salary do I have to register as a provisional tax payer?

How to verify tax number but I'm away from South Africa?

  Written by Marc   Posted 14 November 2013

Im living abroad for a few months and before I can get paid (I'm a freelance photographer ) I need to have my tax number verified, but I'm in Germany and will be here for a few months perhaps even longer.
otherwise they will deduct 30 percent.

Submitting necessary documents at SARS manually.

  Written by Marc   Posted 12 November 2013

Do I really have to go to SARS in person and submit my ID, bank statements etc. if all I have done is removed my tax practitioner's access and changed my bank details and address on my existing profile? Can these documents not be submitted online?I cant seem to access my IRT12 to fill in the generated information without doing this??

Can I not use proof of address from shops like Jet?

  Written by Marc   Posted 12 November 2013

I submitted my tax returns manually and they sent me an sms that said,there was R323 that was due to me. I gave my banking details, they sent me a letter that I must verify my banking details .I went to SARS with my bank statement and a proof of residence of my Jet account, but they said they would not use that one. Now my problem is that i'm a tenant and my Landlord does not have a current proof of residence, he only has the one from May 2013. Will they accept that one?

Do people get such a big refund from SARS?

  Written by Marc   Posted 11 November 2013

Is it possible that year I can get a refund of almost R35 000? I have put in all my incomes and expenses...but am a bit worried. I do have a directive and am claiming for certain expenses as a sole commission earner. Last year was a refund of only a few thousand rands, same as previous year and year before that I had to pay in R55 000 or so as I was new to the whole directive thing and I chose the wrong %. So since then I made sure boss takes off lots of tax.

How do I delete an erroneous return from my statement of account with SARS?

  Written by Marc   Posted 8 November 2013

This is a great site, thank for all the effort you put in to helping others. My question is as follows:

I completed my 2013 return. I was then selected for random audit, and submitted the required documents. However my 2009 documents were submitted for my 2013 return (long story!). This resulted in me owing SARS R3,500. I requested a correction, which was done, and my corrected 2013 return reflects that SARS owes me a refund of R1,600. However, the erroneous R3,500 refund figure is still reflected on my statement of account. So SARS is requesting that I pay the remaining balance of R3,500-R1,600. ...

Read more →

Is registering a second bond in order to reduce rental income tax legal?

  Written by Marc   Posted 7 November 2013

I own two properties. Property A is my primary residence, and is bonded for R700k. Property B is a rental property, is valued at R1m and is bonded for R500k. I make a rental profit from Property B after deducting the loan interest and all other deductible expenses, and thus pay tax on that net income. My idea is to register a second bond on Property B for an additional R500k, and transfer that money into the bond of Property A. The increased interest paid on the combined bonds of Property B woul...

Read more →

how to get IT34 From SASSA?

  Written by Marc   Posted 7 November 2013

I have been asked to send IT34 by my medical scheme in order to processed a document, so how can I get hold of that ITA34?

Fines Payable on Audit discrepancies?

  Written by Marc   Posted 6 November 2013

I am getting audited - if they pick up a discrepancy is there a fine I will have to pay? I am not a tax expert and is worried that I made a mistake.

being selected for an audit with no supported documents

  Written by Marc   Posted 6 November 2013

Last year a friend of mine registered me on eFiling so this year I went through a tax practitioner to claim for the first time. The lady claimed for medical and I don't have a medical aid. Then SARS phoned me and said they needed my medical certificate to be submitted within 21 day otherwise they are going to give me a penalty but I don't have medical aid and now they are thinking I was being dishonest and selected me for an audit. I am so scared now as its the first time I am claiming. What mus...

Read more →

Where can I find a tax certificate from SARS?

  Written by Marc   Posted 6 November 2013

Where can I get a copy of my tax certificate that shows that I am register for tax as my work need it and don't just want the tax number?
Older posts →← Newer posts    75  76  77  78  79  80  81  82  83  84  85  86  87  88  89  90  91  92  93  94  95