Can I claim for travel expenses without any records?
Posted 26 May 2016
I am a freelancer which I started in June 2015
I did not keep a log book
am I still able to do any sort of travel claim as I spent most of my time driving out to clients
Increasing rental property loan to reduce home loan?
Posted 24 May 2016
Is it possible to take some equity out of our rental property by increasing our loan on that property to put against our home loan and would the increase in interest on our rental property loan still all be tax deductible?
Return completion?
Posted 24 May 2016
What are this code for 3696, 3697 & 3698?
where should we put the amount from certificate for income tax purposes from SANLAM?
SARS Penalty for late tax return submission 2015
Posted 24 May 2016
I haven't done my taxes for 2015. Will I get a fine?
How much CGT am I due to pay?
Posted 24 May 2016
I inherited a property in 2007 (it was transferred into my name in 2007, although my dad passed on in 1997) - delay caused by issues with executing the will. I valued the property in 2002 for Capital Gains Tax and it was valued for R760 000 at the time. I want to sell the property now for R3. 95 million. I earn a salary of R480k per year. How much CGT will I have to pay?
Tax directive withheld due to tax debt
Posted 24 May 2016
If tax payments to SARS is outstanding, why won't SARS issue a provisional taxpayer with a tax directive
Can i claim back Transfer duty?
Posted 23 May 2016
I recently purchased a property for residential use. The conveyancers submitted a Transfer Duty to SARS and the transfer fees equated to R12600. I normally get an IRP5 and medical aid forms from my company and submit my income tax when season opens. My question is what do I do with the transfer duty declaration for SARS issued me to be considered and is there any way of getting any refund on this transfer fees.
Calculation of 183 & 60 days by working backwards a 12 month period from the last day of employment
Posted 23 May 2016
I started working abroad in Hong Kong on 1 Jun 2014 and am comfortable meeting the 183 & 60 days requirement for the 2014/2015 & 2015/2016 SA tax year of assessments. However, I need clarification on the 2016/2017 SA tax year of assessment as I will be tax returning back to SA permanently on 30 Sept 2016. I would have met the 60 days continuous requirement, but not the 183 days, it will only be a 122 days from 1 Jun 2016 to 30 Sept 2016. Reading Income Tax Interpretation Note No. 16, specificall...
Read more →
Rental income allowable tax deductions
Posted 22 May 2016
I am currently in the UK and need some help regarding various tax related queries before I tax return to South Africa within the next 2 months
Including my tax return I did online before I left. (needs to be finalised)
A bank account change at SARS. (do I have to do it in Person)
I need to register a SA company for VAT. I would like to know how long I must be in the UK to have a tax benefit in South Africa. I have been working here since 1/1/2016 and have to tax return before 31/07/2016...
Read more →
Tax on inheritance received by an individual
Posted 22 May 2016
I have recently inherited a sum of money from two sources. One, my late mother's estate account via a will and the other, a pension claim from my late mother's pension fund(GEPF). Both these amounts were taxed before they were paid over to me. Both the executors and GEPF submitted tax directives to SARS in order to facilitate the tax payment process before making payment to me. My salary income falls within the necessary category in order to be required to submit a tax return. How will I be taxe...
Read more →
Will I have to pay tax on my late husbands RAF claim pay-out?
Posted 22 May 2016
My husband was killed in a motorbike accident by a drunk driver. I am awaiting a settlement from the Road Accident Fund and I have a few questions please. 1. Will I be taxed on the amount paid out to me for my kids and I
2a. Will the fund deduct the amount before the payout?
2b. Or must I pay it afterwards and how does that work?
3. How much is the tax? I was 26 when he was killed, and my kids 3years and 8 months respectively... I am scared the government made me wait all this t...
Read more →
VAT to be (not) charged to a EU company
Posted 19 May 2016
We are supplying product to a company NOT registered in South Africa. Invoices submitted will be paid to the entity in Europe through a forex payment. THe installation of the product and services will be done in south Africa through. Do we charge the Customer VAT and include the VAT calculation in our EU invoice to them.
2014 Tax Deductions Not Claimed
Posted 19 May 2016
A few years ago (in 2013) when I submitted my tax returns I omitted to claim for a large amount of medical expenditure. Can I rectify this situation, or, is it too late?
Tax implication on provident lump sum fund benefit
Posted 19 May 2016
I've been unemployed for the past six years. My tax number with SARS has been deregistered. Insurance company requested an IRP3 directive on my behalf from SARS. This was declined as I needed to re-activate my tax number. I'm awaiting for re-activation of my tax number. Presently I'm unemployed, will I be taxed and how much?
How to capture EMP501 and IRP5 values
Posted 18 May 2016
When capturing an EMP501 on Easyfile, under Liabilities, do I capture the payroll values exported from my payroll system for payment every month or do I capture the actual payments made to SARS for that month under liability?
Can you help me calculate the tax on my pension lump sum?
Posted 16 May 2016
I'm getting a pension payment of R230 156 ,08 how much tax can I expect to pay?
Sequestration and Business Vehicles
Posted 13 May 2016
If I have been declared insolvent, can I still make claims against the business use of a vehicle if not registered in my name? For example, I make use of a vehicle registered in someone else's name, but I still make the payments as I am the driver of the vehicle for business purposes. Also, what if exemption was granted and I kept my vehicle, will I then still be allowed to claim against the use of my vehicle used for business even if I am sequestrated?
Do you submit to SARS on clients behalf?
Posted 13 May 2016
Do you provide a service, whereby you do the submissions on my behalf, like what my broker does?
Tax on rental income
Posted 12 May 2016
I have a friend that wants some advise, she owns a business, her husband owns a business. They own property where tenants live. My question is, if they married in community of property who should declare that rental income.
Can I net off rental income against my rent payments?
Posted 11 May 2016
I am receiving rental income on my primary residence and am paying rent to stay in another apartment. Obviously I need to declare the rental income but can any of the rental I am to paying out be set off against this income?
Am i due for a tax refund?
Posted 11 May 2016
I want to know if SARS owes me money
Tax calculation
Posted 11 May 2016
Tax applicable to monthly salary R29,024. 00 for a period from 3rd Nov'15 to 29th Feb'16
Tax Directive
Posted 11 May 2016
How long does SARS take to issue a tax directive?
After a tax directive is issued, how long can it take for funds to be paid into one's bank account?
Can I get a tax refund?
Posted 10 May 2016
In 2014 I was working on campus, and I recently found my payslip from 2014 December showing that I had earned a gross payment of 6540, whereas I only got paid 4340 in my bank account... Could this mean I was taxed? and is it still possible to get refunded?
How much tax for R100,000 sign up bonus?
Posted 10 May 2016
I joined a company which agreed a sign up bonus of R200 000 of which 50% (R100,000) would be paid in first month. And this sign up bonus is taxable, so how much tax would be deducted on my first payment of R100,000?
Older posts →← Newer posts
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
