Academic books - deductible?

  Written by Marc   Posted 25 April 2014

Can I claim deduction for academic books I buy? I am an academic employed by an institution. I need the books to do my job but my institution does not pay for books.

Sabbatical tax relief - more than 183 days

  Written by Marc   Posted 25 April 2014

The 183 day rule - I will be out of the country in the coming year for 177 in the US and 10 days in Finland on business. I am an academic and will be a visiting scholar in the US. I will be paid by my institution in South Africa while away for the whole period. Do I get any tax relief from the 183 day rule apply? Or does it only apply if I'm getting paid outside the country?

Salary calculations - what is included?

  Written by Marc   Posted 22 April 2014

An employee gets a Travel Allowance - 80% of his salary (correct). He also needs to pay off a Staff Loan - R1,000 per month. Do you deduct the loan amount BEFORE taxes or AFTER PAYE & UIF? What is the correction calculation PLEASE.

Is my ex spouse subject to pay tax on a divorce claim?

  Written by Marc   Posted 21 April 2014

How much tax will my ex- spouse pay on divorce settlement?

Do I have a tax number?

  Written by Marc   Posted 19 April 2014

I'm a government employee for about 11 months now and I have never registered for a tax number but they do deduct a tax in my income, does that means I do have a tax number?

Calculate the tax amount after completing my return?

  Written by Marc   Posted 17 April 2014

After having completed the tax form, how do calculate the tax amount due?

Is R199 a standard fee for all scenarious

  Written by Marc   Posted 17 April 2014

Are the costs R199 even if I have a property and receive a car allowance? Is it a standard fee?My husband and I are looking at changing tax practioners

What type of taxpayer am I classified as?

  Written by Marc   Posted 13 April 2014

Hopefully you can please help me out, I registered for Tax a year ago, by default I was registered as a non-provisional tax payer and I am currently unsure of how I should classify myself for tax purposes. I'm also not working as a company or cc but as an individual.

I have 3 different forms of income:
1) 35 Hours a week I work for a company on their premises (almost as a full time employee) and invoice them every month. 70% of income. The do not withhold PAYE as of yet.
2) 5 Hours a week for another company, Invoiced for as well. 15% of income and they withhold 25% PAYE....

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I never claimed tax since I started working 5 years ago, can I still claim and file my returns with

  Written by Marc   Posted 12 April 2014

I am working for a company for 5 years now and I haven't claimed tax since then but my employer has been deducting, so will I still be able to claim tax for all these years?

Will my employer incorrectly stating a tax credit as a deduction on my IRP5 prevent me from claiming

  Written by Marc   Posted 11 April 2014

I am worried that my employer intends to incorrectly insert the medical aid tax credit into my IRP5 as a deduction even though they do not deduct same from the monthly PAYE (I have asked them to in the past but they have declined to do so) - is their procedure correct or will this prevent me from claiming the tax credit on my return?

Medical Aid & Car & Travel Allowance Questions

  Written by Marc   Posted 9 April 2014

Can an employer pay an employee for medical aid if its not medical aid through the company but rather on their own capacity? For example I have my own medical aid on my name. Can my employer pay me a set amount of R2000 every month for medical aid? What is the tax benefit of that, if any?

What is the difference between a car/Motor Vehicle allowance and travel allowance or are they the same thing? I don't travel for the company, but could I still get a car/Motor Vehicle allowance?

Pension Fund vs RA

  Written by Marc   Posted 9 April 2014

I am currently at a company where they contribute and I contribute to a pension fund. Another company has a structure where they don't have any RA or pension scheme. If I were to take out an RA at the second company how will this affect my tax?

Refund on provident funds?

  Written by Marc   Posted 9 April 2014

Do I get tax back on my provident fund payout?

Income tax legislation?

  Written by Marc   Posted 9 April 2014

I need to know income tax legislation and criteria for deductible income tax.

Can I be taxed less or refunded when I submit receipts of all my purchases?

  Written by Marc   Posted 9 April 2014

I'm told that if I keep the receipts of everything that I purchase, I can submit them to SARS and I don't have to be taxed too much or I can be refunded, is it true?

Holiday Homes - what can I claim and what will be the tax implications when I sell my property?

  Written by Marc   Posted 4 April 2014

I have a holiday home... what expenses can I claim? Can I for instance claim depreciation and finance charges? What is the TAX implications if I sell my holiday home, say after 10 years? If I took money from an existing bond and other financial investments, can I claim the finance cost and lost interest?

our employee deduct

  Written by Marc   Posted 4 April 2014

hi tim our employee deduct PAYE from some of our casual worker but dont pay it in to sars what can we do.

How are one-off payments taxed?

  Written by Marc   Posted 3 April 2014

I have just started working as a freelance copywriter however this is not my main source of income. The work is a side-line and sporadic thing. I am about to be paid for a job I've completed and would like to know how I will be taxed for the job- in other words I really want to know how much money I will take home at the end. Is there a way for me to calculate this?

Won't I be penalised if I did not submit last year cos I did not have a medical aid?

  Written by Marc   Posted 3 April 2014

I receive my IRP5 every year, I never submitted them to receiver because all along I did not have a medical aid or a retirement annuity. Last year in September I then joined the Government medical aid and it was also stated in some articles that if you don't have one of the mentioned and earning below 250 000 per annum there was no reason to submit. This year I will do my submission since I have a medical aid.

My question is won't I be penalized for not submitting last year due to th...

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Do I need to reflect an executrix's fee as an income?

  Written by Marc   Posted 3 April 2014

I HAVE RECEIVED AN EXECUTORS FEE WHAT DO I NEED TO REFLECT THIS IN MY TAX RETURN. Do I have to reflect it as an income. Am I allowed to take my costs off this fee i.e. photocopying charges, ink jet cartridges, phone calls.etc.

Income tax for Fy 13-14.

  Written by Marc   Posted 2 April 2014

Hi, My annul income is R. 495 000 and I joined in South Africa payroll in mid of Jan -14.So my question is how much income tax I should pay to government.

Detailed medical accounts - what does SARS accept?

  Written by Marc   Posted 1 April 2014

I have hospital accounts with receipts (fully paid) and intend to claim a deduction from SARS with my 2014 tax return, however the hospital accounts ((Mediclinic), only state ward stock, theatre stock and dispensary stock. These items were either for medication or materials given/used. I would like to know if these accounts are adequate with this info or must each and every item used be specified for me to claim a tax rebate?

Tax payable on R2 608000

  Written by Marc   Posted 1 April 2014

How much tax is payable if I happen to resign and my basic salary is R388127 pa

Property Transfer Duty for Trusts

  Written by Marc   Posted 31 March 2014

If a trust is buying a residential property does it pay the same transfer duty as individuals? Further, if the trust was registered for VAT would that change the answer to the previous question in any way?

What is the tax on distributions from REITS?

  Written by Marc   Posted 31 March 2014

Is 15% holding tax deducted from the dividends distributed to a local investor from a Property REIT or not?
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