Difference in tax treatment if employee went on Business visa

  Written by Marc   Posted 6 October 2015

Dear sir,

If an employee goes to South Africa on business visa and receiving allowance there only, tehn what will be the tax implication on that income in South Africa

Car Allowance Cap Limit

  Written by Marc   Posted 6 October 2015

To whom this may concern. I have a question regarding car allowance. If the allowed car allowance based on value of the car, total mileage and business mileage comes to R100,000 but the car allowance claimed for the entire year is only R66,000, does that mean SARS will only authorise (CAP) car allowance of R66,000 or R100,000

Provident fund value not reflected on IRP5

  Written by Marc   Posted 6 October 2015

My IRP5 does not reflect my provident fund value. Please advise if the new ruling is that no tax on provident funds be deducted by employer. Year/2014/2015. I have a huge amount to now settle SARS

Notice of Objection supporting documents

  Written by Marc   Posted 6 October 2015

Hi Tim. LOVE your site. So helpful! Just a question. We submitted a Notice of Objection on 3 August. They came back (finally) 29 September... Requesting supporting documents (docs we have already submitted b. T. W) so I resubmitted. How long now till they look at the supporting docs? Can I expect another 2 month wait?

DSTV Subs- can one deduct for tax?

  Written by Marc   Posted 5 October 2015

Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Africa

How much tax is required if you earn R17500 per month

  Written by Marc   Posted 5 October 2015

What is tax figure if you earn R17500 monthly and you contributing R810 provident fund

Subsistence Allowance

  Written by Marc   Posted 5 October 2015

We give our employees a subsistence allowance of R 120 per night spent away (Meals and incidental) from home. From my knowledge, I know that this this allowance is not taxable thus no employees tax may be deducted from the subsistence allowance regardless of whether the deemed amounts have exceeded or not. Is this correct?

Mistakenly requested a correction

  Written by Marc   Posted 5 October 2015

I filed my tax return but then by accident requested a correction. Do I need to file again or will SARS work on the first submission?

Micro Business

  Written by Marc   Posted 5 October 2015

The First R200 000 dividends paid during the year of assessment by the micro business is exempt from dividends tax. The Micro Business cannot deduct any business expenditure. What does this mean, can I then not deduct vehicle expenses, donations, etc..

Tax clearance question

  Written by Marc   Posted 5 October 2015

I've fallen behind with my business' PAYE retuns. Does this mean after submitting and paying them in full I will need to re-apply for a new tax clearance certificate even though my current one will still be within the 12 month validity period?

Can I go any SARS to submit IRP5 in south Africa no matter Province I live in?

  Written by Marc   Posted 5 October 2015

I'm workin at gauteng provence and now I'm here at limpopo provence and want to submit IRP5 SARS it is not problem if I can go at SARS in limpopo

Tax on Casual Labour.

  Written by Marc   Posted 5 October 2015

I have a Micro Business registered for turnover tax. Must I deduct tax or pay tax if I hire persons from the street to help me load and setup equipment?

I normally hire people of the streets to help me load and setup equipment for events at the place of the event. The amounts always varies between R2000-R3000 for 2 days, 3-4 Persons.

No IRP515 = no tax refund

  Written by Marc   Posted 5 October 2015

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?

Retirement Benefit of R500,000 Tax free

  Written by Marc   Posted 5 October 2015

How do I take advantage of the R500,000 tax free portion AT RETIREMENT? I was retrenched at age 54 and paid full tax on my retrenchment lump sum. Now that I am 56 and would like to retire on the funds in my pension preservation fund, I do not understand why the tax directive on the first R500,000 from my preservation fund was taxed. I have NEVER retired before so I should have the full R500,000 tax free ON RETIREMENT?? Numerous calls to the SARS call centre have me confused between benefits at ...

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SARS issuing re assessment notice more than 5 years after the actual year of submission

  Written by Marc   Posted 5 October 2015

Received notification from SARS to supply proof of expenses claimed on personal tax return for the 2009 years, which was already assessed, re assessed by SARS in Nov 09 and April 2010. Outstanding fees were duly paid in Nov 09. All proof of expenses were duly supplied. IS SARS allowed to re assess again in Sept 2015?

SARS has also request the same for the 2010 year, 2010 was assessed and no proof of expenses were requested. A refund of -R6k was paid over by SARS to me. IS SARS allowe...

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Pension fund reflects payout but it was moved to a preservation fund.

  Written by Marc   Posted 5 October 2015

When I left my previous job I moved my pension fund to a preservation fund. I did not do my 2014 taxes and now when I go on SARS eFiling my IRP5 seems to reflect that I was paid out the money from my pension fund. I'm not sure what I'm supposed to do now. Would signing up for your service show me the steps I need to deal with this on my 2014 tax return?

Deduct home office expenses with split income streams and no IRP5

  Written by Marc   Posted 5 October 2015

I work from home - part time as a contractor for a US-based company, and part time for a South African private company of which I'm one of the shareholders / directors. I earn a regular monthly salary from the foreign corporation, but they don't issue an IRP5. I also bill my local company for my time, but irregularly, and often this income is put into a director's loan account rather than paid out in cash. The local company did not issue me an IRP5 for 2014. How do I declare my income in such a ...

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Should my IT77 Income Details section exclude business expenses as a I'm self employed?

  Written by Marc   Posted 5 October 2015

I am only just registering for a tax number and completing the IT77, but under the section Income Details, it states to declare taxable income. I'm self employed, so I'll be making manual contributions, which to my knowledge is minus expenses. So, my question is, in this section of the form, should I declare my gross income, or only my income after business expenses?

What is a tax ref number

  Written by Marc   Posted 5 October 2015

I need to send my tax return, what is a tax ref number as it says invalid number

Awaiting returns

  Written by Marc   Posted 5 October 2015

I submitted 3 weeks ago and still got no returns any idea why this is

Its been more than 21 days since I've been on audit, how long does it take?

  Written by Marc   Posted 5 October 2015

I submitted my 2013 IRP5 this year. It was sent for audit and I was told it will take 21 days. I haven't heard from SARS again. No updates none whatsoever. How long does it take for audit and how does it work?

E-filing

  Written by Marc   Posted 5 October 2015

How can I download E. Filing

Tax on Scholarships

  Written by Marc   Posted 5 October 2015

I'm a writer in receipt of a scholarship from an overseas foundation. Will I have to pay tax on it, come year end? What documentation would I have to provide for it to be tax exempt, if that's on option?

Difference between an exempt supply and an exempt non supply?

  Written by Marc   Posted 5 October 2015

What is the difference between an exempt supply and an exempt non supply?

Non-resident tax implication on rental income?

  Written by Marc   Posted 5 October 2015

Myself and the wife ( non-residents / Irish citizens and tax payers) bought a property in South Africa in both our names. Does the R 65 000 tax exemption apply to each of us individually? The combined rental income is R 120 000 after expenses/deductions. We plan to invest the rental income in a flexible money market account at 5,75%. If the exemption applies to both i. O. W R 130 000 combined, do we have to register for tax?
Can flight tickets once in two years to oversee maintenance and i...

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