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Deductions Posts in Tax Q&A

What are the amounts for PAYE?

  Written by Marc  

What is the minimum amount that should be taxed per month, how is it calculated and how & when should I claim as in a construction company as a permanent employee

Tax relief caring for parent that is your dependant?

  Written by Marc  

I have power of attorney for my 90 year old mother's fixed deposit account (small amount). I am concerned that the worst might happen and want to transfer the account into my name before then as I am concerned that the money will be frozen and we may need it to pay for all the arrangements. My question is what is the most tax efficient (for me as her sole provider) way of doing this as the money will be used to make all the arrangements afterwards.
In addition I currently pay for her old ag...



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Principal member vs paying member of medical aid

  Written by Marc  

I pay for the medical aid for my family, however my wife is the principal member. Who should account for this on their return?

Will I get a refund with a non taxable salary paying a medical aid of whereby the employer pays 50%?

  Written by Marc  

My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00

What does the final conclusion of reduced assessment mean to me as a taxpayer?

  Written by Marc  

I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?

Do I have to submit any tax return or form if I stopped working for the past tax year with no income

  Written by Marc  

Hi Tax Tim, I use to work but stopped. Do I now have to send a tax return for the last year if I do not get any income anymore?

Quick calculator for tax purposes?

  Written by Marc  

Have you still a quick calculator?

Taxation on profit for sole proprietor?

  Written by Marc  

NOTES: 1. Taxation R12 523 x18% = R2254.14 less rebate under 65 years R12 080 = R 0
am I correct with the above calculation or will I need to still pay the tax of R2254?

Rent Income

  Written by Marc  

If your rent income and salary income amounts to less than the required amount for taxpayers to submit income tax does that mean I do not need to pay provisional tax or does any additional income count as 'taxable'?

Do SARS owes me?

  Written by Marc  

From last year January till march these year I was working. I was also paying tax so as tax return now how could I know if SARS owes me cause I was paying too much and I was working under contract.

eFiling and Income Protection, what goes where?

  Written by Marc  

What option do I choose to claim for income protection

Commission based salary - Fuel for vehicle to meet with clients?

  Written by Marc  

I work for commission, but there is no where I can fill in my mileage that I drive to see clients. How does this work?

Will I receive a tax refund if I was unemployed and still contributing to medical aid?

  Written by Marc  

I was unemployed from February 2013 to December 2014. I returned to work in January 2014. During that period I was still paying for medical aid. will I receive a tax refund?

'Gift' income from UK - is it taxed?

  Written by Marc  

My parents who live and work in the UK have given me some money, just under R100,000.00
Essentially this money is support for airfares and expenses incurred due to the illness of a family member overseas, and my need to travel.
They transferred it using TT from a UK bank, and this has been automatically flagged by my bank to SARS and FSB etc.
Will I be taxed on this 'gift' ?

Running office from home? - can I claim for tax purposes?

  Written by Marc  

I am permanently employed and run my office from home , the company pays a portion of the rental and I pay the balance, this is not reflected on my payslip though, they merely deduct my portion of the rent from my salary and pay the full amount to the estate agents. The deduction is under "other" on my payslip, my question is will I be able to claim any amounts back for electricity , security etc etc ?

Do you guarantee payment?

  Written by Marc  

Do you guarantee pay out as per return completed on your site?

Will having a few policies affect my tax return?

  Written by Marc  

Which policies affect tax payments?

NOT WORRKING CAN I CLAIM MEDICAL EXPENCES

  Written by Marc  

GOOD DAY I JUST WANT TO FIND OUT.I DIDN'T WORK FOR A YEAR BUT HAD MEDICAL EXPENSES. CAN I STILL CLAIM MEDICAL EXPENSES ON eFiling?

Can I claim tax refund?

  Written by Marc  

Can I claim a tax refund even though I don't work?

When should I register as provisional taxpayer from?

  Written by Marc  

I'm starting contract work on 1 July 2014 (payable by client in first week of August), in addition to salaried work. If I register as provisional taxpayer in July or August, would I still have to submit my first return this August, or should I wait until after Aug to actually register? I'm concerned that projected earnings to Feb15 will inflate what I'd need to pay in August, considering I wouldn't have earned it yet to keep the extra tax aside?

I work in sales, can I claim for my laptop and tablet which is used for work purposes?

  Written by Marc  

I work in sales, can I claim for my laptop and tablet which is used for work purposes?

Will I get money from SARS?

  Written by Marc  

Do petrol attendant also get refunds from SARS after being dismissed by their former employers?

What happens if a taxpayer passes away?

  Written by Marc  

What if one passed away can anyone on your family can claim your tax?

Wife's medical aid - do I get a deduction

  Written by Marc  

Will I be able to claim a tax deduction for myself if I am on my wife's medical aid? It costs more to join a medical aid on my own, rather than to join as a dependent, and I would like to know what the tax benefit is.In previous examples, you stated that each member can get a R230 per month tax credit - has this changed?We both earn salaries in excess of R30K per month

I want to know about tax certificates?

  Written by Marc  

Do you claim when you get a text certificate form your Medical Aid or what?
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