Have car allowance but using car that is not registered in my name?

  Written by Marc   Posted 2 December 2014

I get a car allowance and the car I am using is registered in my wife's name. She is paying for the vehicle. Sars is refusing to pay me a refund because the car I am using is not registered in my name. Can they do this or do I have grounds to dispute this.

is a owners loan Vat-able when he takes it out of the business, can we claim back VAT for the busine

  Written by Marc   Posted 2 December 2014

Is the owner's loan Vat-able when he takes it out of the business, can we claim back Vat for the business

Tax implications on money transferred to my account.

  Written by Marc   Posted 2 December 2014

My brother and his son has sold a flat in Durban.
My brother lives in the UK and is married to a UK citizen.
He wants to transfer his portion of the money to my account, as a small portion will have to stay in SA to assist my sister after the passing of his wife.
I will have to transfer the remaining to his account in UK.
The amount will be less than R500 000.

What are the tax implications for me?
Do you have any advise for me?

TAX AMOUNT OF LUMP SUM OF RETIREMENT FUND WHEN I RESIGN

  Written by Marc   Posted 1 December 2014

I WANT TO KNOW HOW MUCH THE TAX WILL BE ON THE AMOUNT OF R1 392 779 - THIS IS THE AMOUNT OF MY RETIREMENT FUND WHEN I RESIGN NOW

Retirement lump sum of R44 7 300 after ta?

  Written by Marc   Posted 1 December 2014

How much will I get when my lump sum retitrement of R447 300 is taxed?

Tax liabilities on overseas inheritance?

  Written by Marc   Posted 30 November 2014

I got an inheritance overseas following my father passing away. What are my obligations to SARS regarding declaration, any possible tax liabilities etc.

When calculating the tax portion on a lump sum payment isn't the first R500,000 tax free

  Written by Marc   Posted 29 November 2014

When calculating the tax portion on a lump sum payment isn't the first R500,000 tax free which means the tax calculation should only be done on the remaining portion. With a lump sum of R3,000,000 the taxable portion is R2,500,000. This means the tax will be 36% of the amount exceeding R1,050,000 + R130,500 which is 36% times (R2 500 000 - R1,050,000) plus R130,500 = R 652,500

Refund on unclaimed medical aid contribution

  Written by Marc   Posted 28 November 2014

For the last 5 years I did not claim for the medical aid contribution I made via my company because I did not know that I can. Can I now ask SARS for the refund?

Request for correction

  Written by Marc   Posted 27 November 2014

I made a small mistake in filing my return realized it after 8 days and used RFC and got the following message:You have received the following:Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course. Attached to Enforcement caseBasically I fixed the medical aid information as per the certificate. Previously I was due a refund of 800 rands, now it 0.95 ce...

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My estimated pension is R1 200 000

  Written by Marc   Posted 27 November 2014

I am 46, I was dismissed from the saps during nov 2012, my pay out is 1 200 000, how much tax will I pay, am I entitled to gratitude from SAPS?

How do you calculate Med/Scheme tax credit and Additional medical expenses

  Written by Marc   Posted 27 November 2014

I am 81 and married and I see that the way one shows medical expenses seems to have become complicated. Am I correct in working it out as follows?
My Medical scheme fees for the year are R22 896.00 and additional medical expenses R8335.
In the line ?%u20AC%u0153Medical scheme fees tax credit?%u20AC? I enter R6168 (R257x2x12).
Excess Medical scheme fees are R4392 (R22896-3xR6168)
In the line ?%u20AC%u0153Additional medical expenses?%u20AC? I enter R4342.33 (R4392 R8335)/3

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Can I claim on diesel?

  Written by Marc   Posted 27 November 2014

what can I claim back from the tax as a cc example: diesel and how does it work we have got 2 vehicles that does all the work for the call outs and work to be done

What is the PAYE on income?

  Written by Marc   Posted 26 November 2014

What percentage do you take when you take PAYE?

If my bonus is equal to my salary but includes allowances am I liable for dubble the UIF and PAYE?

  Written by Marc   Posted 25 November 2014

If your bonus is equal to your salary but it include travel allowance and telephone allowance how is it calculated for example;
My gross salary is R8800.00 (Basic Salary Allowance transport R500 R300 telephone allowance) bonus R8800.00 gross Income=R17600.00
How much will the UIF be and the PAYE?

Since my company took my tax number does that mean I am taxed even though I earn R5000 per month.

  Written by Marc   Posted 25 November 2014

I earn 5000 a month and the company took my tax number so what I want to know is that mean I will be taxed?

Rental Income and Expenses Backdating

  Written by Marc   Posted 25 November 2014

How do I backdate rental income and expenses since 2011, since I didn't realize I had to add it.

What to enter for "creditors", under Assets & Liabilities, on ITR12 form?

  Written by Marc   Posted 24 November 2014

I earn rental income so am completing an ITR12 form. Under local assets & liabilities, the "creditors" section... does one complete 'all payments made to creditors throughout the tax year' OR the balance of what is owed for the full account OR the current monthly installment owed OR the installment owed for the month at end of tax year..?
Many thanks in advance!

SARS ITSA & how long does an audit take?

  Written by Marc   Posted 24 November 2014

I have received an ITA34 reduced assessment after visiting a SARS branch and submitting all necessary documents. This document shows a refund payable, but also show that I have been selected for audit process. I have not received an ITSA and would like to know, how long does this audit take and will the ITSA show the FINAL refund amount?

If you receive weekly wages how is leave pay and leave bonus taxed? Is it on the weekly tables?

  Written by Marc   Posted 24 November 2014

If you receive weekly wages how is leave pay and leave bonus taxed is it on the weekly tables or the monthly tables?

Are legal expenses for CCMA legal advice deductible?

  Written by Marc   Posted 24 November 2014

A company I worked for claimed intellectual property of software I developed in my private time for a private client. Their claim was based on the wording in my employment contract. When I refused to hand over the IP, they made my life a living hell. I left the company citing constructive dismissal and went to the CCMA. While I represented myself, I paid a labour lawyer for consulting on what to do.

Can the costs of the labour lawyer be seen as a legal expense even though I lost the CCMA case? I was claiming 12 months salary which would have been taxable....

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Need an extension on eFiling?

  Written by Marc   Posted 24 November 2014

Hi Tim! Will the taxman give me an extension on my eFiling ? I get my statement from 2013 only in /- in a weeks time !

What do I apply for in Freelance?

  Written by Marc   Posted 23 November 2014

Hi.I am getting paid a fixed monthly amount from a company to do merchandising for them 3 times a week.This is my only source of income? (R7000,00 per month)I will also need to pay my petrol with this income as the job require traveling?What do I need to apply as?will it be a tax directive or a provisional tax payer?

Tax on incentive and bonus

  Written by Marc   Posted 23 November 2014

If I earn R5 133 gross per month and I receive a incentive of R3900 and a 13th Cheque of R5133, will I pay Tax on incentive or bonus?

Young Disabled rebates applicable?

  Written by Marc   Posted 22 November 2014

What are the rebates for disabled people below age 65?

Can you process a SARS Tax Number for me?

  Written by Marc   Posted 22 November 2014

I need to have Tax Number from SARS. Can you process that for me?
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