Depreciation for commission earner 2015

  Written by Marc   Posted 21 October 2015

As a commission earner, calculation depreciation. I use 2 vehicles for both personal and business. Would I calculate depreciation as price of vehicle / 5?
or would I factor % of business?

Lost tax number?

  Written by Marc   Posted 21 October 2015

How can I get my lost Tax number? And which options must I choose if I call the SARS number

Terminology between Verification and being audited?

  Written by Marc   Posted 21 October 2015

Hi there. Is there a big difference between verification and being audited?

Regards. Ulf-Dieter

Can I claim tax if I bought clothes from overseas

  Written by Marc   Posted 21 October 2015

Can I claim the tax that I've being charged because of buying clothes from overseas? If I bought something online from overseas when I go and collect my parcel they are charging me tax from the post office.

CAPITAL GAIN TAX ON A HOUSE

  Written by Marc   Posted 20 October 2015

As a private taxpayer, you letting out a house of yours for 7 years. Then you decide to live in the house yourself ( I believe the house then becomes you primary residence. ). For example, after 2,3 or even 7 years,you decide to sell the residence. With Capital gain tax in mind,do SARS handle it as normal CGT on a primary residence or because that you have letting it out, is there a special formula when culculate your liability for CGT on the house. I own more tha n one house..

How to catch up on outstanding returns when I have no income and expenditure records

  Written by Marc   Posted 20 October 2015

I resigned from my job in 2010 and took my pension to buy a small business, which I ran as a sole proprietor for 2. 5 years. During this time, I did not submit a tax return, as I wasn't sure how to do it. Also, I was not making much profit and more or less came out even at the end of every month. I then passed the business on to my son-in-law and started working again in 2013. All the income and expenditure info relating to the business was contained on a laptop, which subsequently crashed, so I...

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Collect another person's printout of tax number

  Written by Marc   Posted 20 October 2015

Am I allowed to go collect printout of tax number for my sister? She has already register she wants it to apply for a job

Registering as a freelance tax payer

  Written by Marc   Posted 20 October 2015

Hi there, I have been working from home for a couple of months now for a company I used to work in-house full time for. Better explained - I now work on a freelance basis for the same company but I get a weekly salary, the same each week and its on-going. I had the understanding that my tax was being deducted off my salary, that the company was taking care of this. I recently realised that this is not the case and I should have registered as a freelance practitioner and taken care of my own tax....

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What is the calculation if married IN community of property?

  Written by Marc   Posted 20 October 2015

I am married IN community of property. Would my capital gain be halved for tax purposes. If so,who carries out the calculation? Me or SARS

How do I know if sars still owes me money

  Written by Marc   Posted 20 October 2015

Hi, I am not working at the moment have been unemployed since 2014 March, would like to know if there is anything that I should submit since I was last employed at FNB in March 2014 when I received my pension, According to me the banks and SARS are usually accurate when it comes to deducting the tax from bank employees but I do not want any surprises. How can I find out whether SARS owes me or I owe them anything,the last letter I got said that I was being penelised,How can this be if im not eve...

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Resigned and Provident fund pay out

  Written by Marc   Posted 20 October 2015

I resigned from my old company August 2014 and continued working as a temp until March 2015, when I started working at my new company. My Provident fund was also paid out in October 2014. Will I need help to complete my tax return now?

Foreign gift in the form of donations?

  Written by Marc   Posted 20 October 2015

How much can I receive as a SA taxpayer receiving a gift from an overseas Foundation?

Amount is $100,000.

Does money for food etc from your parents need to be declared with SARS?

  Written by Marc   Posted 20 October 2015

If I earned money from one company from July 2014 to February 2015, and received money from my parents to buy food etc during university from March 2014 to June 2014, do I need to submit a tax return for the 2014/2015 financial year?

Why can't I sign in for a tax certificate?

  Written by Marc   Posted 20 October 2015

Why can't I create an account when I sign in to my medical aid. I am trying to get a tax certificate. Every time I put in my membership number I get the message that the code is invalid.

ITR12 For January as Provisional Tax Payer

  Written by Marc   Posted 19 October 2015

I am currently running a business as a sole proprietor and have registered for provisional tax. I have already submitted 2 provisional tax returns for the 2015 tax year (IRP6). Now do I also need to submit a ITR12 for January?
Does TaxTim also help with this type of ITR12, and if so, is it any different from your standard ITR12?
How should I answer the initial TaxTim questions differently?

What is going on with my tax return

  Written by Marc   Posted 19 October 2015

I did my tax but since, I received nothing from SARS how can I found out what is going on.

How long does take to receive your refund after 30 days audit process is completed

  Written by Marc   Posted 19 October 2015

Hi My mother submitted her tax returns in August she was selected for an audit on her 2014 tax returns which the statement of account issued has 21 000 she submitted all her required docs but nothing has happened since then. And to make matters even worse she never received a letter stating she is selected for an audit. So how long does the audit process take and is there something we can do to speed up the process

Still waiting for my payout

  Written by Evan   Posted 19 October 2015

I returned my IRP5 forms early September 2015 but have not received the amount due to me. When do I get paid?

Cost of rental income tax seems too high

  Written by Marc   Posted 19 October 2015

I have declared rental income of a rental income profit of R17445. But SARS are telling me my rental income sent me into another tax bracket and I therefore owe R20308. This seems wrong to me - surely the extra income that is in the new tax bracket should be subject to more tax but I should never make a "loss" by earning more?

Expenses with no income

  Written by Evan   Posted 19 October 2015

I started working part time in Feb, but the company I do work for only pays me in March for Feb work... Do I state as such on my tax return, so my 2015 tax return will include expenses with no income?

SARS bank details confirmation - Can it be done online?

  Written by Evan   Posted 19 October 2015

I need to confirm my bank account and residence for SARS, is there anyway I can do this online?

Changed jobs and used current IRP5 to file for tax

  Written by Marc   Posted 19 October 2015

Hi. I changed jobs last year having worked in the other job until August and started the new job in September, which means I have 2 IRP5 forms. But when I filed for tax the assistant only used the form from the new employer. Is that correct? Does that not give a flawed assessment of the tax returns? Aren't they supposed to enter information from both IRP5 forms? Its puzzling especially when the job change impacted my PAYE significantly.

Gross salary IRP5 code?

  Written by Marc   Posted 19 October 2015

When you ask in the Income Tax Calculator "Your gross salary is the entire amount, including all benefits, that your boss pays you. " What code should I be looking for on my IRP5?

Log in problems

  Written by Marc   Posted 18 October 2015

I can't log in to my SARS eFiling account. It keeps telling me my password has been reset by consultants, then refer me to home web

How to delete a saved but not submitted notice of objection.

  Written by Marc   Posted 18 October 2015

Hi TaxTim,
I have saved but not submitted Notices of Objections on my SARS eFile workpage. I have decided not to submit them. How do I delete these files? I guess I could just leave them there, but I would rather get rid of them. Thanks
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