Tax refund - do I qualify?

  Written by Marc   Posted 23 June 2015

I worked for one company and changed to another in January. My income from 3/2014 to 12/2014 was R69500 and 1/2015-2/2015 R37440. How much tax should I have paid?

What costs can be subtracted from the income of our small business?

  Written by Marc   Posted 23 June 2015

I am a member of a CC and a partner in a partnership. We are the two same people in both the partnership and the CC. From our activities in the CC, we came upon another way to make money and after a period of testing, we decided to split the other way off our CC activities, so the Partnership became a new business. In order to make this new income stream work, we need to travel and test tourism opportunities in SA as well as some of our neighboring countries to be able to build an internet commu...

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How much PAYE on R35000.00 pm

  Written by Marc   Posted 23 June 2015

How much PAYE am I to pay on a salary of R35000. 00 per month?

Tax on overtime?

  Written by Marc   Posted 23 June 2015

Do I not get taxed more on overtime than I would on my basic salary? Is there a way to work this out? I hear you get taxed more on overtime than your basic salary. How do you work this out?

I worked abroad and want to file my tax return?

  Written by Marc   Posted 23 June 2015

What do I need to submit my tax return if I worked abroad

How much is my PAYE from a salary of R45000 per month.

  Written by Marc   Posted 23 June 2015

How much will be deducted as PAYE if I earn a gross salary of R45000 per month. Put it in cash not percentages. Eg. . . U will be deducted 5000 not 20%. The simbler way. Thank you.

Study loans - how does it work for tax?

  Written by Marc   Posted 23 June 2015

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards

Can I get IRP5 from accountants?

  Written by Marc   Posted 23 June 2015

Am working for a construction company can I demand an IRP5 from our accountants?

Provident fund tax

  Written by Marc   Posted 23 June 2015

How do I calculate the tax from the Provident Fund lump sum when resigning. I just want to have an idea of how much I will take home. Thank you.

Can I claim medical expenses if I did not pay any tax ( 4102)

  Written by Marc   Posted 23 June 2015

On my IRP5, no tax was deducted during the year. I did work only part of the year, as I was very ill. My income per month is above the threshold, but the employer took it over a year. I do have a lot of medical expenses paid out of my pocket. Can I claim from SARS?

Do I have to submit a tax return

  Written by Marc   Posted 23 June 2015

Do I have to submit a tax return if I am making R108000 annually?

Married ICP (should we not be taxed as a couple i.s.o.a single person)?

  Written by Marc   Posted 23 June 2015

My wife and I are married In Community Of Property (Feb 1977). She stopped work 2002. Why do I still pay so much tax. My income is from my pension (Investment) and I do odd jobs throughout the year. My wife has no income. Should'nt we be taxed as a couple (2 People) instead of me being taxed as a single person? I submit my Tax Return on E-Filing.

Fringe Benefits

  Written by Marc   Posted 23 June 2015

Hi
Question: Fringe benefit calculation query on the use of motor car. If a car has a maintenance plan per the definition in the 7th schedule but the plan is an optional extra do you include it in the determined value when calculating the taxable fringe benefit post March 2011?

Prior to March 2011 would you of included an optional maintenance plan in the determined value of a motor car?

REFUND ON PENSION PAYOUT

  Written by Marc   Posted 23 June 2015

Good day I GOT MY PROVIDENT PAYOUT LAST YEAR JULY , GOT ,Y IRP5 FROM THE PENSION FUND WITH AN AMOUNT OF R139686 UNDER CODE 3920 AND 139686 UNDER 3698, I ONLY STARTED WORK NOW AT A NEW COMPANY SO DIDNT PAY TAX ONLY FROM NOW AS I ONLY STARTED AT A NEW COMPANY NOW SO I ONLY HAVE THE ONE IRP5 SO I ONLY USE THE ONE ON eFILING DO YOU THINK I WILL GET A REFUND ?

Medical aid waiting period - will SARS pay back payments made?

  Written by Marc   Posted 23 June 2015

I changed medical aid schemes at the end of December 2014 from Sizwe to Discovery. I had a 3 month waiting period where I still had to pay our contributions (my employer too), but I enjoyed no benefits in January and February 2015. Will I get something back from SARS for this?

Help in doing my tax

  Written by Marc   Posted 23 June 2015

I have been struggling with Tax returns and seem to have to pay in many thousands every year - and I need to know why. I would like assistance in completing. Also I already have an online SARS account and the IRP5 etc get auto loaded. Which of your options would be best?

IRP5 from previous employer - do I need to submit a tax return?

  Written by Marc   Posted 23 June 2015

Between January 2014-September 2014 I used to earn R3750 a month at my previous employer, no tax was deducted. At my new place of employment, I earn R8500 per month and tax is deducted. Do I still need to submit a tax return? My old employer told me that there was no need for me to give them my tax reference number even though I was registered with SARS. Do I still qualify for an IRP5 from my previous employer>

How do I find out if I am registered or not without going to sars

  Written by Marc   Posted 23 June 2015

Hi tax tim. I got an irp5 but I am not sure if I am tax registered or not.

First timer currently not registered with SARS

  Written by Marc   Posted 23 June 2015

I am permanently employed for 2 years and prior to that I was temping for the same company for 4 years. My salary is currently R7000 after med aid, tax and pension deductions. Do I need to register for tax and submit a return?

I earn a gross salary of R13 520 per month do I have to submit IPR5 forms to SARS?

  Written by Marc   Posted 23 June 2015

I earn a gross salary of R13 520 per month do I have to submit IPR5 forms to SARS

Should I register as a taxpayer before hand?

  Written by Marc   Posted 23 June 2015

I am not yet in the tax bracket but will be next year is it better to register before hand?

Must a capital gain be included in the first provisional return for the year when the gain is made?

  Written by Marc   Posted 23 June 2015

My company sold a property in April 2015. The tax year end is February 2016. Would the capital gain on the sale of the property have to be included in the first provisional tax return in August. The company has never actually traded and has no basic amount.

Help me to know if I qualify to pay tax?

  Written by Marc   Posted 23 June 2015

I am permanently employed and receive the basic salary of R2600. 00 p/m excluding overtime. Do I have to pay tax?

If I pay to make use of state hospitals, does this count as medical expenses?

  Written by Marc   Posted 23 June 2015

Hi, I am not on a medical aid, but have paid privately to have some tests done and have also paid a fee at a state hospital according to my earnings. If I have the receipts do these count as deductions?

Tax implications of trading Equity, Bonds, Derivatives, Money Market and Forex.

  Written by Marc   Posted 23 June 2015

What are the Tax implications of trading the following asset classes Equity, Bonds, Derivatives, Money Market and Forex.
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