As an independent contractor, can study fees be claimed in a tax return?

  Written by Marc   Posted 21 April 2015

I'm an independent contractor (SARS code 3616) and would like to find out whether my UNISA study costs can be included in my text return? My degree is related to my job and the agency I contract through does not contribute to my study costs. If my study costs can be claimed, where should the amounts be captured on the claim form?

I am due to receive money from overseas, what about SARS?

  Written by Marc   Posted 21 April 2015

All I want is to send money from SA bank to my bank in UK. Do I need to send this eFiling form?

How does my salary get taxed?

  Written by Marc   Posted 21 April 2015

Hello , I am 37 years old and my annual salary is R160000 and travel allowance R40000 I a traveling roughly equal for business and private distance and contributing R14000 pension fund (out of my salary earnings) what is my tax deduction from my monthly salary?

Do I need to pay gift tax

  Written by Marc   Posted 21 April 2015

If my mother receives a monetary gift from an over seas friend every month totaling R100,000-R200,000 per year, does she need to pay tax on it?

Is it possible to submit my ITR12 as a director before submitting for the company?

  Written by Marc   Posted 21 April 2015

Is it possible to submit my ITR12 as a director before submitting for the company?

Nil ITR returns when abroad?

  Written by Marc   Posted 21 April 2015

I have been living in the UAE for the past 5 years. Prior to this I did not work for 2 years. So no tax returns were submitted as I did not have an IRP 5. I did not know that you still had to submit a nil return yearly when abroad. Is there a way to fix this now?

Can I claim back for contributions to a medical health insurance, ie not a medical aid scheme?

  Written by Marc   Posted 21 April 2015

Can I claim back for contributions to a medical health insurance, ie not a medical aid scheme?

Investments while an expat? Are they taxable?

  Written by Marc   Posted 21 April 2015

I am working abroad and paid by an oversees company and as I understand I am not liable to pay tax in SA as long as I am out of the country for more than 180 odd consecutive days in a year. My question is what about income on investments made abroad in this time, is that also tax free?

IT3a flag stated, but I have my own business (consultant) - how to proceed with TaxTim questions?

  Written by Evan   Posted 17 April 2015

I am a sole practicioner (legal consulting), i. e. my own business, own expenses (work office and home office). I don't have an IRP5 or IT3a therefore. But I keep having the following queries from TaxTim after I've filled in all the questions: "You can't depreciate personal items if your IRP5/IT3a Income section isn't filled in. Fix it" "You can't claim home office expenses if your IRP5/IT3a Income section isn't filled in. Fix it" "You can't deduct other expenses related to income if your IRP5 ...

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I would like to find out the total interest included in my taxable income?

  Written by Marc   Posted 6 April 2015

Hi, Please can you tell me if I am beneficiary of a trust under 65 years and my only income is local interest of 21500 and foreign interest of 2750 received from the trust how much will be the total interest included in my taxable income

Will I be receiving anything after submitting my tax certificate?

  Written by Marc   Posted 6 April 2015

I have received a tax certificate from my previous employer. So this is my first time submiting to SARS. I received an sms stating that the amount due by me is R0,1 and I was selected for audit. On the certificate under 'income received' there is a substantial amount of over R50,000 under 'gross non-retirement fund income'. My question is what does that mean and will I be getting any thing.

Do I get taxed on pension fund lump sum if i'm being retrenched?

  Written by Marc   Posted 6 April 2015

Im being retrenched and would like to take my pension in lump sum . Will I be taxed on it? and what other advice to you have on wrt to tax on retrenchment package. Can I get a refund on the tax when I to tax return in July?

Submission Date for ITR12 to SARS?

  Written by Marc   Posted 6 April 2015

I started working for a employer last year (October 2014) and only became full employed on Jan 2015. When would my tax submission be? On being fully employed I gained medical aid and pension fund.

Multiple Parties Making Rental Income off a Single Property they Each Hold equal ownership of.

  Written by Marc   Posted 6 April 2015

Good day, myself and two other parties have purchased a house with the intention to earn a rental on the property. My question is: do we split the incomes/expenditures three ways and all declare the third of the overall resulting calculation? It is also important to note that I am a single person and the other two are married in community. Would that mean that I would have to declare a third and then each of them declare two thirds as SARS automatically sees them as a 50:50 and calculates on hal...

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Tax on commission to SARS?

  Written by Marc   Posted 6 April 2015

Is there tax paid on the basic of R5000 and an added commission of R5000 which comes conditionally?

What is the non-taxable amount in respect of interest received in 2015/2016?

  Written by Marc   Posted 6 April 2015

What is the non-taxable amount in respect of interest received in 2015/2016?

Double pay on tax to SARS?

  Written by Marc   Posted 6 April 2015

I'm on contract at a certain company. They say, because I am not a fulltime/permanent employee my tax I pay per month is higher then those that are permanent employed. My Q is though if they subtract from my salary R500 for tax and should actually be R250 if I was permanent employed, will I get the difference of "R250 x (the months worked)" when I do my returns at SARS?

Calculation of tax credits for medical aid contributions?

  Written by Marc   Posted 6 April 2015

How does one calculate the tax credit for medical aid contributions for persons over 65. I would be grateful if you could answer with an example. Thank you

Can you be issued an IT3B without having any investment products of any kind?

  Written by Marc   Posted 6 April 2015

Can you be issued an IT3B without having any investment products of any kind?

How can I claim my returns from paying school fees, groceries and my car for travelling to work?

  Written by Marc   Posted 6 April 2015

How can I claim my refund from paying school fees, groceries and my car for travelling to work everyday?

Submitting 5 years of ITR12s to SARS to claim back old medical contributions?

  Written by Marc   Posted 6 April 2015

Really love the website and service. Have a question regarding very old tax forms. I have been employed for around 5 years but never submitted an tax return (thus only the IRP5's). I however did contribute to an medical aid of around R1,000 per month for all these years. How far back can I go to claim these refunds?

Gifts from overseas into SA bank account

  Written by Marc   Posted 6 April 2015

I'm a non-South African citizen on a temporary visa. What are the regulations when my parents send money gifts from Europe into my South African bank account? Is there a limit before I need to pay tax on the money? Why does the bank always call you to ask what it's for?

Informing SARS of Inheritance or donations received from overseas?

  Written by Marc   Posted 6 April 2015

I am a SA tax resident. What is the process regarding informing SARS if I receive inheritance or a donation from an offshore relative into my offshore account? Also do I need to pay any tax other than CGT going forward?

What is the percentage of tax deducted from part time workers paid per hour?

  Written by Marc   Posted 6 April 2015

How much tax will be deducted if I work part time without any fringe benefits?

How will my company be taxed, if so?

  Written by Marc   Posted 29 March 2015

I would like to know if my business is eligible for tax, I got a tender supply project which amounted to R230000
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