I am contribution provident fund via my employer on a monthly basis. This forms part of my CTC and does not show on my IRP 5 but shows on my YTD salary report as a contribution monthly as well as on my payslip. Can I claim a tax refund from this and if so how do I do it.
I received a final salary payment in March 2016 (where PAYE etc was deducted) and the same month began earning income as an independent contractor from a variety of clients. When I submit my first provisional tax return in 2016, do I include the March 2016 Salary payment I received, or do I submit a separate income tax return in 2017 for that income?
I receive Travel Allowance monthly and on my IRP5 it does not show as Code 3701 but rather showing as 3703. How does one go about with this issue as this Allowance shows on my payslip and added to gross earnings and thus taxed.
Are bond insurance premiums tax deductible? This is in relation to rental properties where banks or financial institutions require bond insurance to cover the bond. Is this amount tax deductible as an expense to generating the rental income?
If one is not of retirement age and receives a provident fund lump sum payout in the 2015/16 tax year - net amount after tax is deducted - how is this amount treated in a provisional tax return (IRP6) i.e. - Is the amount included in a provisional tax return (IRP6)? The IRP6 provisional tax return only has one block to enter taxable income in. If the provident fund payout is included in the taxable income block (with other taxable income) tax will be calculated on the full amount at t...
I have medical aid with momentum. I received my medical aid tax information sheet from momentum. But I also have the voluntary health saver plan of which I pay monthly. I received a separate tax information sheet from my health saver too. Do I combine these two figures together when submitting to SARS (for expenses not covered by medical aid)?
Have submitted my tax with TaxTim, but just want to check if it is better to submit including expenses (Fuel, oil, etc) as I left it blank? Why is my travel allowance tax return on Taxtim calculator very high, but when I did the calculation on SARS it works out a lot less?
I am really worried about an sms I got from SARS saying I have an admin penalty!- I have not submitted a return since 2013 because I didn't think I needed to and had no deductions. What can I do and how much will it cost for you to get all of it in order soon?