Am I required to file an annual tax return if my employer pays monthly tax on my behalf to SARS?

  Written by Marc   Posted 13 December 2014

I have recently started working and I have learnt that my company pays the tax owed by me on a monthly basis.

Due to them paying tax on my behalf am I still required to submit an annual income tax return?

Please let me know what my tax should be per month?

  Written by Marc   Posted 11 December 2014

I pay R5920pm before deductions can you please let me know how much my UIf, sick pay provident fund and levies and tax per month should be?

Prior year tax in current year

  Written by Marc   Posted 11 December 2014

If you paid tax in respect of profits in last year in the current year can you claim that tax paid as a expense in the current year?

Confusing situation with SARS calcs methodology

  Written by Marc   Posted 11 December 2014

SARS - Why is an "original assessment" ITA34, positive amount, taken into consideration in the final SOA, even though a final "after a correction" ITR12 submission calculated to a negative reduced amount?What is the use of requesting and allowing a "request for correction" then in the first place?Shouldn't the final submitted ITR12 negative result (after corrections) be the only assessment that counts and be taken into account in calculations of your final SOA...

Read more →

tax on a 13th Cheque of R13 845.00

  Written by Marc   Posted 10 December 2014

I earn a basic of R13845.00 what will my tax deduction for a 13th Cheque

Bussiness travel deviation, how do I claim bussiness mileage?

  Written by Marc   Posted 10 December 2014

I am driving from home to a business meeting, so its business mileage, but I have to drop my spouse at work which is a few Km's off the normal route to my destination. Can the total distance driven still be claimed as business travel?

TAX DEDUCTION?

  Written by Marc   Posted 9 December 2014

tax deduction on amount of 6100 per month?

When do you deduct penalties - before or after PAYE?

  Written by Marc   Posted 8 December 2014

Hi. I am a freelance writer. 25% PAYE is deducted from each episode as we submitted. In our contracts, it states that if we miss our deadlines, a fee will be deducted. I have since realised that the accounts department minuses the 25 % PAYE from the gross, then minuses the penalty. Shouldn't it be that they deduct the penalty from the episode fee, then deduct 25%?

Expenses for professional clothes, shoes and hair styling

  Written by Marc   Posted 8 December 2014

Can you claim expenses for clothes, shoes and hair styling if you are a self employed professional individual like an architect, lawyer or psychologist as an example, if you can argue that you need to wear professional clothes and look professional in carrying on your normal business?

Do I have to pay tax on a monthly salary below R20833.00

  Written by Marc   Posted 7 December 2014

Anybody earning less than R250000.00 per annum don't have to submit tax returns according to media reports, that is equal to R20833.00 per month. Does that mean if your monthly salary is below R20833.00 no tax should be deducted monthly?

Hi how do I Declare rental income on my tax form?

  Written by Marc   Posted 5 December 2014

How do I declare rental income on my tax form? If my rental income is less than my bond, municipal and levy costs do I have to declare as I am at a loss?

IT34 account balance and due date ?

  Written by Marc   Posted 4 December 2014

Hi Tim, on my IT34 ist states:"Thank you for submitting your income tax return for the 2014 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -14206.18"and then Due Date 2015-01-012nd Date 2015-01-31. I understand that is most probably a refund from SARS, but then they state they want to do a further assessment. What is the normal turn around time for this? Can I expect my refund before 2015-01-31?

Death and tax years applied

  Written by Marc   Posted 4 December 2014

If a client/tax payer dies in one tax year but the claim only occurs in another tax year, what transaction year, year of assessment and period of reconciliation do you apply? Will it be the tax year the client died, or the year the claim took place?

Can I claim medical expenses as a dependant on my husband's medical aid?

  Written by Marc   Posted 3 December 2014

I'm a new provisional taxpayer. Our private medical aid is in my husband's name. Can I claim anything for my medical expenses not covered by medical aid?

Penalty for late submission to SARS?

  Written by Marc   Posted 3 December 2014

I submitted my tax return for the 2014 period right on the deadline date. However my 2012 return was not submitted, I finally managed to get the IRP5 and did the submission. In both returns I have a quite high refunds, I was wondering if SARS will penalise me for late submission? Or will they penalise me for the 2012 return only. Last year I was due a refund and they paid it out without any problems.

What are the requirements to claim back PAYE when working outside the country (SA)

  Written by Marc   Posted 3 December 2014

What are the qualifications if working outside SA to claim back your PAYE?

What is a referral of audit?

  Written by Marc   Posted 2 December 2014

What does it mean when you have been referred for audit, even though you have submitted your tax return and supporting documentation? Is it because I have a big medical refund?

Can a new taxpayer claim refunds for last five years?

  Written by Marc   Posted 2 December 2014

My wife did not register as a taxpayer previously because she was told she earns a salary below the taxpayer threshold. She now intends registering as a taxpayer. Can she file returns for the last five years since she has incurred medical expenses on her own medical aid amounting to R50000 which was never recovered from the medical aid. Will she receive a tax refund for her medical expenses for the last five years?

Have car allowance but using car that is not registered in my name?

  Written by Marc   Posted 2 December 2014

I get a car allowance and the car I am using is registered in my wife's name. She is paying for the vehicle. Sars is refusing to pay me a refund because the car I am using is not registered in my name. Can they do this or do I have grounds to dispute this.

is a owners loan Vat-able when he takes it out of the business, can we claim back VAT for the busine

  Written by Marc   Posted 2 December 2014

Is the owner's loan Vat-able when he takes it out of the business, can we claim back Vat for the business

Are contact lenses tax deductible medical expenses?

  Written by Marc   Posted 1 December 2014

Are contact lenses tax deductible medical expenses?

Return - Data Submitted To ITS. Audited and Reviewed. Does it take longer to refund?

  Written by Marc   Posted 1 December 2014

I submitted my eFiling on the 18th and then submitted my supporting Medical payments on the 20th. I have noted on the system it says the last Status is 27th. A refund is owed to me, should I call the call centre to find out when will I get the monies?

Depreciation on LDV for property rental business

  Written by Marc   Posted 29 November 2014

We have accumulated 8 rental properties over the last 10 years. I will soon retire and plan to do all maintenance myself, including some of the gardens. Will SARS accept depreciation on the LDV and tools that I plan to acquire and will it be acceptable to apportion these costs pro rata the various properties? Is it acceptable to combine all properties into one business for tax purposes?

Refund on unclaimed medical aid contribution

  Written by Marc   Posted 28 November 2014

For the last 5 years I did not claim for the medical aid contribution I made via my company because I did not know that I can. Can I now ask SARS for the refund?

Request for correction

  Written by Marc   Posted 27 November 2014

I made a small mistake in filing my return realized it after 8 days and used RFC and got the following message:You have received the following:Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course. Attached to Enforcement caseBasically I fixed the medical aid information as per the certificate. Previously I was due a refund of 800 rands, now it 0.95 ce...

Read more →
Older posts →← Newer posts    82  83  84  85  86  87  88  89  90  91  92  93  94  95  96  97  98  99  100  101  102