Calculation of PAYE

Posted 7 October 2015

Calculation of PAYE. Earnings include allowances(standby, acting, travel and cellphone). UIF, medical aid and pension fund are deducted.

What are the requirements to claim vehicle depreciation?

Posted 6 October 2015

What are the income requirements to claim vehicle depreciation?

If commission forms about 25% of my yearly income, and my vehicle is used extensively to travel between clients (core part of the job), can I claim depreciation of my vehicle against my income?

I don't receive any travel allowance or fuel etc. I keep a logbook and can prove travel % to work/personal. Thanks.

Travel expenses self-employed

Posted 6 October 2015

If I am self-employed - how do I claim for travel expense when completing my Tax tax return?

Register Yes or No for a company?

Posted 6 October 2015

I am a bit undecided if I want to register a new Pty Ltd due to all the tax requirements. For the moment there will be no employees as it will be a part time business for myself in which I will provide financial services and consulting. Please assist in advising me if I will need to register for PAYE and also income tax, even though the business will be very small and start off with less than R50 000 income per annum?

Difference in tax treatment if employee went on Business visa

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

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

How much tax is required if you earn R17500 per month

Posted 5 October 2015

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

Subsistence Allowance

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?

Micro Business

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..

What value to use in wear and tear calculation - vehicle

Posted 1 October 2015

What to include in the price when calculating wear and tear on a company vehicle? Service plan, window break-in protection, VAT, Finance initiation charge, interest?

Can I claim travel expenses without having a travel allowance?

Posted 30 September 2015

Can I submit a travel log book with my tax return if I do not have a travel allowance and if my commission is less than 50% of my monthly income?

Car Deductions on Commission

Posted 29 September 2015

Hi Tim, I am a Commission earner and I claim back on my vehicle usage on depreciation and logbook. When I claim back on my car usage, I keep a logbook as well. But my question is, can I claim back on a paid up vehicle? or do I have to still be paying monthly towards finance. Does the finance amount help with increase my tax return from SARS. Eg if im paying R2500 or R2000. Which will yield a higher tax return?

Depreciation for Commission Earner

Posted 29 September 2015

Hi TaxTim, I have a lot of questions lined up. I hope its ok. The first one. I am a commission earner and claim back usage of my vehicle for business use. 75%
when calculation deprection over the 5 year straight line method. When does this begin? when I took ownership of the vehicle? or when the vehicle was registered?
2. I bought a vehicle in 2011 and only starting working on commission in 2013. When does my depreciation stop on this vehicle? 2016? or 2018?

VAT on new vehicle for commission earner

Posted 29 September 2015

As a Commission earner and using my vehicle for business purposes. Can I claim the VAT back on purchasing a new vehicle?
also what can I claim on the interest portion?

Can a sales representative claim on car installments?

Posted 28 September 2015

I just started a new position as a sales representative, and the car I am currently using is quiet old. As I will be travelling a lot to see clients I would like to buy a new reliable car. Would I be able to make a claim on the monthly installments for this new car, as it will be used mainly for work? If so, what percentage can I claim?

How do I dispute an Additional Assessment issued by SARS that is not correct?

Posted 27 September 2015

Hi Tax Tim

I am very pleased with the work that you are doing here. Keep up the great work!!!

I submitted my tax return to SARS about a month ago and they selected me for verification/an audit because I had a refund payable to me. I submitted all the documentation they required (logbook, receipts etc), but they have recently responded with an addditional assessment stating that I owe them money - which cant be the case, as I am a 100% commission earner (with no basic salary) and I dont have a tax directive...

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Request for Supporting Documents but I have not been employed for 3 years

Posted 27 September 2015

SARS is asking for supporting documents related to my tax return but I have been unemployed and living abroad for three years! I don't have any of the documents they are requesting. I still pay provisional tax and submit that tax return dutifully. I read that I must swear an affidavit at a police station but I am currently not in the country and won't be back for several months - they need these supporting documents in 21 days. What must I do? (I did email them, asking them what to do, but they ...

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Can I claim a fixed cost travel deduction if I receive a reimbursive travel allowance?

Posted 24 September 2015

I am needing to do tax returns going back to 2010!! If I received a reimbursive travel allowance (reflected under code 3702 on my IRP5), can I claim a travel deduction based on the fixed cost method?

Tax on additional incmome from a private owned company.

Posted 23 September 2015

I run a small business on the side line apart from my normal Job at a Big Company. Must I declare any money I use from that company as the company director as part of my personal income tax?

Does my Statement of Account indicate that I am being audited?

Posted 21 September 2015

I started with a new employer on 1 March 2014 and a full company vehicle is included in my package. Previously I neither had a company car, nor did I receive a travel allowance. My refund this year, as per my ITA34, is much more than in previous years. It seems that the company I work for also deducted almost R1000 per month too much fringe benefit tax from my salary if one compares the SARS calculation to the actual tax paid. I also did not log many private kilometres, since I am not office bound, as a sales rep, and often work from home...

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Can I claim a lump sum financial lease installment settlement as a deduction for tax purposes.

Posted 21 September 2015

If I am currently paying a finance lease for a vehicle and then subsequently decide to request a settlement figure from the bank and pay the remainder of the finance debt off to the bank can I claim the lump sum settlement as a deduction for tax purposes?

Can I used the deemed cost option for vehicle expenses

Posted 21 September 2015

Does the option Deemed cost for vehicle expenses apply for the 2015 tax year?

Calculation of Transfer duty as a deemed VAT input

Posted 20 September 2015

How am I supposed to calculate the VAT input claim on a fixed property bought for R850 000?

The purchaser paid R3000 transfer duty to the seller. According to the articles I read online, the purchaser may claim the transfer duty as a VAT input. But now I'm confused as to what exactly the amount should be. May he claim R104 385.96 (R850 000 x 14/114) AND R3000 as a VAT input, or only R3000 as a input?

Do donations to a Section 18A PBO count against the R100K pa amount that is exempt from donations Ta

Posted 20 September 2015

Do donations to a Section 18A PBO count against the R100K pa amount that is exempt from donations Tax?
eg: say I donate R50k to a section 18A PBO (assuming my salary is more than R500k so R50K is within the 10% allowed tax free) then does this reduce my allowance from R100k to R50k left pa for tax free donations to say a trust?

Options or rules for claim on depreciation and travelling allowance claim.

Posted 16 September 2015

When I complete my tax return can I complete the Travel claim against allowance and the depreciation (4027) section. The form allows me to complete both sections but when my claim was submitted and once audited the removed the depreciation amount(4027). How do I calculate the best method to claim if I am only allowed to complete one section.
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