Should I spend time/energy requesting IRP5s every year?

  Written by Evan   Posted 14 September 2015

Is it worth asking for copies of the IRP5's if they were provided to SARS by the employers/investment houses already?

Since all three were provided directly to SARS and have pre-populated the e-filing, I did not receive my own copies. If SARS decides to audit my tax return would I need to request them or would SARS be satisfied that they actually already have these?

Why is there no section for salaries and bonuses?

  Written by Evan   Posted 14 September 2015

Why is there no section for salaries and bonuses on my tax return from SARS?

Annuity Fund contributions claim

  Written by Evan   Posted 14 September 2015

When you have an Annuity (Retirement Fund), where does this fall regarding claiming from SARS?
This is a fund that we pay ourselves as my husbands employers does not have a retirement fund / plan we can use.

Source code 4002 a full amount paid or limited amount to be entered

  Written by Evan   Posted 14 September 2015

For the amount of arrear contributions, do I include the full amount paid or the limited amount?

Tax Directive for CCMA Settlement

  Written by Marc   Posted 11 September 2015

I got paid out by my previous employer after a CCMA settlement in excess of R170 000. How do I know if they requested a tax directive for this and is it required?

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

  Written by Marc   Posted 11 September 2015

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

  Written by Marc   Posted 11 September 2015

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

Increase of salary?

  Written by Marc   Posted 10 September 2015

What will my salary be before deductions, if I receive a 8 % increase?

Deceased tax number

  Written by Marc   Posted 10 September 2015

How do I get a tax number of my brother in law who died?

Was the wrong amount deducted

  Written by Marc   Posted 10 September 2015

How do I calculate pension tax deduction after I received my money for 2011 according to SARS I owe them. The amount was R144817. 27 they deduct 21687. 285

Deductions on 13th pay

  Written by Marc   Posted 10 September 2015

What are the mandatory deductions on 13th cheque

Do I pay tax on a gift?

  Written by Marc   Posted 10 September 2015

If my mother wants to give me a gift of R 100 000. 00 cash to be transferred into my cheque account, do I need to declare this anywhere and will I pay tax on it?

REIT dividends tax paid

  Written by Marc   Posted 10 September 2015

Regarding the REIT taxable dividends for individuals, where do you reflect the tax paid on the REIT income. If the whole amount is taxable then wont it then have been taxed twice, when the dividends was paid to you and when you declare it on your income tax?
Hope this makes sense. Please advise

What is member's share of claims paid/

  Written by Marc   Posted 10 September 2015

On the medical Aid Certificate, what is member's share of claims paid?

CPT payment on money held for 3rd party.

  Written by Marc   Posted 9 September 2015

I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:

1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...

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Travel claim to client site

  Written by Marc   Posted 9 September 2015

As a consultant on a salary with a car allowance (3701) onsite 18 of every 20 days, can I claim travel to the client's place of business?

Dependant / de-register / required to fill in a tax form if no longer earning a taxable income

  Written by Evan   Posted 9 September 2015

I am married and a registered tax payer, no longer earning a taxable income. Do I need to de-register as a tax payer and if not, do I need to submit a tax return?
Can I add my medical expenses to my husband's tax return as a 'dependant' (we do not contribute to a medical aid scheme)?

Copy of f/stat showing business sold

  Written by Marc   Posted 9 September 2015

Need a copy of a sole prop f/stat, showing my business has been sold

Is it possible to have a negative amount for my 1st provisional tax payment?

  Written by Marc   Posted 9 September 2015

Is it possible to have a negative amount for my 1st provisional tax payment?

How long after it34 will I receive letter of comoletion

  Written by Marc   Posted 9 September 2015

Hi, I did my husbands tax return via SARS eFiling. SARS asked for supporting documents and i've sent it. On Monday 7th Sept i've received an additional ITA34 on SARS eFiling but not yet the completion letter. How long will this take?

Vehicle expenses for business

  Written by Marc   Posted 9 September 2015

When I was a sole proprietor, taxed under my own name, if I drove somewhere on business-related matters, I used my own vehicle. I then claimed those business kilometres as a proportion of the total expenses and depreciation on my vehicle over the course of the tax year. Now I have a (registered) private company - can I still follow the same process, and claim the travel expenses as a tax deduction for my BUSINESS? If not, what are the options for me?

Assist on completing a tax return?

  Written by Marc   Posted 9 September 2015

Where do I start with my tax returns

How does "Interest on underpayment of prov tax" work?

  Written by Evan   Posted 8 September 2015

I've done my 2012 tax return only now and I see the original assessment is R14,693.15. Now another item that is listed is:

Interest on underpayment of prov tax. Section 89quat(2) 2012 to the amount of R3,884.46.

I just want to know is that value correct, and how is that calculated. I guess it is that "high" because of this part in that section?:

"... Such interest being calculated from the effective date in relation to the said year until the date of assessment of such normal tax. "...

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Help! SARS has just informed that I need to submit a 2008 Tax Return

  Written by Evan   Posted 8 September 2015

Good day,

Over the past three weeks, I have been in contact with SARS telephonically regarding a refund due to me for the 2015 Tax Year. I have just been informed that SARS has upgraded their system and I now need to submit a Tax Return for 2008 before they will pay the refund. In 2007, I was employed on a part time basis as a tutor whilst I was in my final year of study at University. After graduating in 2007, I started to work on a full time basis at a company from 1 January 2008. I...

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How can I go back to changing my answer for capital gains if I don't have the option?

  Written by Marc   Posted 8 September 2015

I need to change my answer to capital gains that I gave, but the problem is I can't go back to the capital gains sections. How do I go back to it?
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