Tax refund for medical expenses paid from my own pocket?

  Written by Marc   Posted 27 January 2015

My husband pays the medical aid contribuions but I have paid 107000 to medical practitioners for operations that I have had in 2014 how much would I be able to claim on my tax return I have all the proof of payments made

Salary paid and claimable expenses?

  Written by Marc   Posted 26 January 2015

1. I am a salaried employee, I receive a travel allowance so I claim my business km's by using a logbook- but I would like to know whether I can also claim the depreciation on my vehicle even if I claim km's?

2. My wife was unemployed for 18 months, so I paid for her medical aid, she submitted a 0 return for herself, would just like to know whether I can claim the medical aid expenses on my tax return ( as I paid for it, but it is on her name). 3. I have a Samsung Tablet which I use 9...

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S10(1)(o)(ii) - does all the time out of SA need to be spent actually working?

  Written by Marc   Posted 25 January 2015

I am a freelancer, and last year I spent 248 days out of SA, in three blocks (including one block of more than 60 days). During some of this time out of the country, I did some contract work - two jobs for two different foreign companies, and one job for a South African company. But I spent much of the time not actually working, but travelling/holidaying. Of the 248 days, only 97 were spent on work contracts. So I just want to clarify whether the income I earned on those three contract jobs is t...

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Is a loan to an employee a S11a deduction?

  Written by Marc   Posted 24 January 2015

If a company borrows e. G R5000 to an employee, with no interest, Is it a S11 (a) deduction? where do I work it in, in the taxable income of a company?

How would an individuals tax be calculated if he/she earns a basic salary plus a commission per year

  Written by Marc   Posted 22 January 2015

Does an individual taxpayer pay any PAYE on commission earned?

VAT on maintenance expenses for rental properties?

  Written by Marc   Posted 22 January 2015

I have an income from a rental property. I am allowed to deduct maintenance expenses from the income for tax purposes. Must the deductions values for maintenance include or exclude VAT?

How much will be deducted for tax purposes?

  Written by Marc   Posted 21 January 2015

Minimum tax charged on R 600 000 upon resignation .

Treatment of reimbursive and travel allowance in the same period?

  Written by Marc   Posted 20 January 2015

How do we calculate business km's when employee has got both reimbursive and travel allowance?

Correct codes for medical expenses?

  Written by Marc   Posted 20 January 2015

I need to know which code I need to use when adding an amount to medical cost incurred and paid for by myself.

Tax payment for over 65 years?

  Written by Marc   Posted 18 January 2015

I am 65 years old married in community of property, I receive a monthly annuity of R5,000, I also receive interest from fixed deposits of R16,000 per month, what would my tax payment per annum be.

Do I need register for provisional tax?

  Written by Marc   Posted 16 January 2015

I currently earn a salary above R70,000 a year and I want to start doing some freelancing work where I will be serving mainly international clients and will be paid through PayPal and then withdraw that money to FNB.
I will be doing this job as a hobby so I expect to make maybe few hundred rands a month, and sometimes less, so it won't really be an income.
So I need to know if I have to register for provisional tax?

Can I claim more than the allowance: note salary is more than 50%

  Written by Marc   Posted 16 January 2015

I am a business manager earning a salary/commission. Salary is more than 50% . I receive a travel allowance of 2500 per month.My m/v expenses are greater than 2500 per month. Can I claim more than the R30 000 allowance?

R5500.00 salary before the deduction of UIF should or should not pay SARS?

  Written by Marc   Posted 14 January 2015

My brothers salary is R5500.00 a month then they deduct R50 so I want to know is he suppose to pay tax and how much he should pay

Maintenance claim on my vehicle if only recently started getting travel allowance for my personal mv

  Written by Marc   Posted 14 January 2015

I am a permanent salaried employee, I use my personal vehicle for business purposes, my company pays for my fuel, but I only recently started receiving a travel allowance, it has been worked into my current package so I don't get paid more it has just been incorporated into my salary package.

My question now is, will I be able to claim for the maintenance as per SARS calculation and my logbook? I have been using my vehicle since the start of the tax year, but as mentioned only starte...

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How to claim for a "Tax Credit" due to changing jobs?

  Written by Marc   Posted 14 January 2015

I was permanently employed at my previous employer for 8 years. I am with my current employer for 10 months now and have been retrenched. I was fortunate enough to find employment beginning immediately after my retrenchment.

My current earnings are R12k and will be the same at my next employment. How do I go about claiming for a tax credit ( changing jobs makes me applicable from what I've researched)? How do I do my next tax returns with two employer tax certificates (I think it's c...

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How much to pay into my RA?

  Written by Marc   Posted 13 January 2015

My RA allows me to make a top-up payment at any time.
Please can you tell me how to calculate the optimum lump sum amount I should pay into my RA in order to obtain the maximum tax advantage for the 2015 tax year?

I earn R60,000 per month before deductions and I should receive 2 more pay cheques before year end. My income for the tax year to date is R542,283.65 (Gross remuneration on latest pay slip). Therefore income for the year will be R662,283,65 as well as rental income of R55,000 coming to R717283,65....

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Examples of other taxable allowances falling under code 3713

  Written by Marc   Posted 13 January 2015

What does code 3713 on an income tax cover- examples of other allowances taxable

Still waiting for a refund weeks after receipt of completion letter.

  Written by Marc   Posted 13 January 2015

Hi TimI filed my wife's tax return on 20/11/2014. SARS then requested supporting documentation which we provided. In mid December they issued us with a completion letter stating that they would not be amending our return but that they retain the right to do so in the future. This was followed up with a Statement of Account on December 24th. We are yet, however, to receive any refund from SARS. When I log onto e-filing, the status says "Return - data submitted to ITS"I am unsure ho...

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I have no IRP5, but I am tax for so Two years, I don't even know who I worked for?

  Written by Marc   Posted 10 January 2015

I am a freelance artist, sometimes I don't get my RIP5 and I spend months sometimes without a job, maybe a year, so how do you deal with people like me who are tax and have tax number but can't find the IRP5 when we required to bring it? What happens to us don't we get our return back? Should one forget about tax?

When will I get a refund from SARS?

  Written by Marc   Posted 9 January 2015

I received a letter from SARS saying that I have to verify my banking details for SARS to refund me back my money that was over taxed. I went to the SARS office to verify so when am I going to receive the refund?

Calculating fuel expenses for ad hoc freelance work?

  Written by Marc   Posted 8 January 2015

How do I calculate car expenses for ad hoc freelance work? As an employee I'm reimbursed at the SARS rate for travel and it is recorded on my IRP5. But as a freelancer doing a couple of ad hoc jobs over the course of a year, whilst still being employed elsewhere, how do I calculate the expense per km, and what documentation/records do I need to keep?

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly?

  Written by Marc   Posted 8 January 2015

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly pay?

Can I claim medical expenses for myself and my two children if my husband pays medical aid for us?

  Written by Marc   Posted 7 January 2015

I am married out of community of property. My husband pays medical aid for me and our two children. The medical aid is only a hospital plan so does not cover day to day doctors and dentist bills. I pay for the doctors and dentist bills for me and my two children. Can I claim these as a medical expense?

Depreciation calculation on low value asset

  Written by Marc   Posted 6 January 2015

I have been audited by SARS and they need a depreciation calculation for a low value assets (cell phone) that I used to conduct business for my employer. Please send me the calculation as I cannot retrieve it from my tax return that I did with you.

Getting a Salary vs Invoicing the Company?

  Written by Marc   Posted 6 January 2015

Good day. I was wondering if TaxTim could help me with a query relating to my salary at my new job.

The owner prefers me to invoice him for my services at the end of the month. My question relates to what the tax implications will be with this? The remuneration is R120K per year and will be paid monthly.

Does this require me to act like a small business? And is the tax payable more or less in this case?

Thanks for your time
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