What examples of income which falls under IRP5 code 3602

  Written by Marc   Posted 4 November 2015

Examples of income of a that can be classified under IRP5 code 3602

Can you claim any expenses against income code 3714

  Written by Marc   Posted 4 November 2015

Can you claim against income code 3714

Sole prop tax directive

  Written by Marc   Posted 4 November 2015

Hello there I need to get a tax directive for a sole prop

Claiming medical expense not covered by medical aid

  Written by Evan   Posted 4 November 2015

My partner has no medical aid & is a full dependent of myself.

A) How do I claim her medical expenses?
B) How do I claim medical expenses not covered by my medical aid for myself?

Tax on foreign money

  Written by Marc   Posted 3 November 2015

If a SA resident invested money overseas and want to bring some of that now back to SA to live off as he is retiring, what will the tax implications be?

What is tax return?

  Written by Marc   Posted 3 November 2015

What is tax return? and how do I benefit if am paying tax

How to fully claim against code 3703

  Written by Marc   Posted 3 November 2015

How does the IRP5 code 3703 work in conjunction with the 8000km per year travel limit

If one is not employed but gets donations for their upkeep, are they liable for tax?

  Written by Marc   Posted 3 November 2015

If one is not employed but gets donations for their upkeep, are they liable for tax?

Do students need tax numbers?

  Written by Marc   Posted 3 November 2015

I am a 18 student. I've just matriculated and I'm planning to do casual work over the holidays. I was told I have to have a tax number on my CV in order to get work. Is this true?

Would I have to register as a provisional tax payer?

  Written by Evan   Posted 3 November 2015

I was a permanent employee at a company for the first 6 months of the tax year. I have gone freelance for the remainder of the tax year and the foreseeable future. I am receiving a salary in effect as the companies I freelance for deduct 25% tax on my earnings and pay me a monthly lump sum (salary) and they provide IRP5s. Does this mean I won't have to register as a provisional tax payer and also at 25% tax could I apply for a tax directive?

Tax on pension at 53 years old.

  Written by Marc   Posted 3 November 2015

I am 53 years old. I will be resigning at the end of January, and I will still be 53 years old. My pension is 1. 1 million rand. What will I clear after tax, as I want to take it out and not re invest.

Audit from SARS? How Long?

  Written by Marc   Posted 3 November 2015

How long can I wait for my tax get paid out when they send it for audit?

Where does the IT/IB 3(c) &(b) forms go on tax return?

  Written by Marc   Posted 3 November 2015

I have 2 satrix investment plans, how and where do I input the IT3(c) and IT3(B) Income Tax forms received from Satrix?

Travel allowance - deemed vs actual cost for commission earner

  Written by Evan   Posted 3 November 2015

I am a SARS commission earner. I would like to claim back the use of my vehicle to earn commission. I have a detailed logbook. Where and how do I claim these expenses? According to the TaxTim wear and tear calculator, I should use deemed cost, however I never received a travel allowance on my IRP5.

How much do I pay tax if my business has made less than R10000 profit

  Written by Marc   Posted 3 November 2015

I have cash loan business,and I only made R2000 of profit due to bad payers. So how much should I pay to SARS?

Vehicle logbook trips to and from work / home

  Written by Evan   Posted 3 November 2015

My biggest problem is with a vehicle log book. Does the Vehicle App explain to you what mileage you are allowed to calculate: e.g. if you work from home and not an office, do you calculate your business trips from home to client?

Tax implications on dread disease payout

  Written by Evan   Posted 3 November 2015

With a Dread disease policy payout, will I have to pay tax on the amount paid out to me?

Retirement annuity contribution from previous year

  Written by Marc   Posted 3 November 2015

I paid a lump sum into a retirement annuity investment in Feb 2014. I forgot to include any of it on my Feb 2014 tax return. There are no further contributions at this point. Q1: must I include the value of the annuity in my statement of assets and liabilities (I have rental income so I am completing that section); if so, under which heading does it fall? investments?
Q2: I saw something about carrying over R1800 in RA contributions to the next year. Is this correct? Do you put this under ...

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Which TAX RETURN must I fill out, when doing contract work.

  Written by Marc   Posted 3 November 2015

When a taxpayer is doing contract work for a company, what tax return must one fill out?

Havent submitted tax returns

  Written by Marc   Posted 3 November 2015

I havent submitted a tax return for last 3 years. I have my IRP5's. Help what must I do and are there penalties. I also have just opened a sole prop and need to apply for a tax clearance.

SARS wants me to submut income tax documents from 1991 to 2003. I dont have these. What can I do?

  Written by Marc   Posted 2 November 2015

I filed my tax return on Friday 30 October 2015 and SARS said they are now using a new system and said the they need me to file tax returns from 1991-2003. I can not get these IRP's or medical certificates. What must I do? When I went to file my tax return in 2013 they asked me to get the documents from 2006-2013 and file for each year. I got that documents and filed and paid a R500. 00 penalty. They did not ask for anything else and said I was up to date. This year they ask for 1991-2003. Pleas...

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Will SARS allow personal vehicle expenses as deductible if the vehicle is partly used for business?

  Written by Marc   Posted 2 November 2015

I own 18 rental apartments which I am renting out. I will be retiring next year from my employment and concentrating on managing these properties and also doing related maintenance myself. I currently own a SUV vehicle which I intend keeping and using it for both property maintenance and also private purposes. Will the tax authorities allow a portion of the vehicle expenses as tax deductible against the rental income to the extent they relate to property maintenance, or do I necessarily need to ...

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Audited, how long does it take to be paid out?

  Written by Marc   Posted 2 November 2015

I have been audited and as this is the first time that it has happened to me, I have send through all documents that they requested. I was travelling away for work and could only electronically updated my papers for them on the 06/10/2015 after they send me a letter that I am being audited on 09/109/2015. According to my knowledge you have 21 Working days to send all paper work threw as from day of notice. Till now I have not received any information on when the money will be paid out. No other ...

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Does it take long for SARS to tell if im getting my return or not as they went for auditing

  Written by Marc   Posted 2 November 2015

I have sent my tax return to SARS on the 5th of October and was send for auditing for 3 weeks and still I hvent get a respond from them

How to obtain additional information regarding the the reassessment of your ITA34

  Written by Marc   Posted 2 November 2015

After I have submitted my tax return, I received a letter to submit all my documentation. I've done this and now have received a revised ITA34, where the Interest income is double than what I have received and recorded on my tax return. How do I contact SARS to provide me with further information regarding the assessment, and what steps do I take now if their assessment regarding interest income is incorrect?
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