How do I insert the income protection contribution 4018 on my income tax return?

  Written by Marc   Posted 28 October 2013

After entering information on eFiling for my tax return and saving it my tax calculator result is not reflecting my income protection contribution...is it code 4018 under deductions cause that it what I am saving it under??

Claiming tax on own medical aid?

  Written by Marc   Posted 28 October 2013

I have my own medical aid. Can I claim tax on my own medical expenses. I am working and my company does not provide medical aid.

Can I claim deductions for a living allowance given to my elderly mom?

  Written by Marc   Posted 28 October 2013

I pay my elderly mom R2 000 per month for living expenses. She does not qualify for a South African pension as although my dad was classed as a South African citizen, my mom's citizenship remains British. She received a small amount of money when my dad died which she invested and now earns R1 000 per month so her total income for living is now R3000. My question is, I would like to know if there is some sort of deduction I can make for this amount?

Do I have to register for PAYE if my employee earns taxable income elsewhere, but only R2 500 from m

  Written by Marc   Posted 28 October 2013

I have a parttime receptionist and pay her R2,500 per month. She also earns R15,000 per month from another employer. Do I have to register for PAYE, because her total income is taxable, or do I not register because what I pay her is less than the taxable amount? She clearly has to pay personal income tax on her total earnings, but it seems to me that I do not have to register for PAYE. Please advise!

Overtime tax - how does it work?

  Written by Marc   Posted 27 October 2013

Hi! My husband gets paid fortnightly, the last 2 weeks he's worked 58hrs overtime(1.5) and 7hrs doubletime. His normal rate is @R62p/h. We've heard some rumours about 'supertax' where they deduct more than normally. If that's true will you please provide me with a method to work this out. Thanks.

What is the tax benefit in working outside of South Africa?

  Written by Marc   Posted 25 October 2013

My husband is working in Zambia for a South African company, his company pay his salary into his South African bank account, he has been advised that if he has worked for six months out of South Africa for a least 6 weeks at a time he can claim the whole of his years tax back?

Can I deduct the interest I pay my mother from my rental income as part of Interest/Finance Charges?

  Written by Marc   Posted 25 October 2013

On two occasions, my mother has been kind enough to grant me funds from her positive flexi loan balance that I used as a deposit when applying for finance for investment properties. On a monthly basis I pay my mother interest on the funds she granted me. Can I deduct the interest I pay my mother from my rental income as part of Interest/Finance Charges?

How do I know if I am due a tax refund?

  Written by Marc   Posted 24 October 2013

Is there anyway of determining whether I am due a tax refund before filing my ITR12 with SARS?

An elaboration on source codes 4040 and 4020 on the ITR12?

  Written by Marc   Posted 24 October 2013

My wife and I are members of a medical aid. I am the main member and she is a dependent. The cost of the monthly contributions are partly paid by my employer and partly by myself.

My wife however pays me monthly for our portion of the medical aid monthly expense after it has been deducted from my salary because she earns more than me, but doesn't receive a medical aid option from her work.

My wife also had out of pocket medical expenses amounting to R4 100. In assisting her with her tax return, if we insert her out of pocket medical expenses (source code 4020), the return calculator says a return of zero...

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What if I earn different amounts per month, how is the tax calculated?

  Written by Marc   Posted 22 October 2013

What happens if my income varies in different months?Example:Jan-March I earn only R5,000 per monthApril & May I earn R6,500Remainder of the year I earn R5,000I am registered for tax so should I immediately be taxed for the months I earn R6,500?What if it varies even more and I earn a range from R5,000 to R5,990 each month so it goes untaxed but my years payment is over the non-taxed payment collectively for the year, How can I estimate how much I should have in savings if I am requested for...

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Meals fringe benefit for tax purposes?

  Written by Marc   Posted 21 October 2013

I have to travel to clients a lot for work, the company has agreed to pay for my lunch when I am on the road during business hours, will this be a fringe benefit for me?

How much must you earn to qualify for a tax refund?

  Written by Marc   Posted 18 October 2013

How much must you earn to qualify for a tax return?

Working for government. Tax deductions for eg stationary and courses that I have paid for myself?

  Written by Marc   Posted 17 October 2013

I work for Gauteng Department of education. I am a Therapist and from time to time I buy my own stationary, therapy material and incentives for the children. I also do courses at my own expense. Where do I deduct the above mentioned expenses?

Require clarity on tax returns for private individual who also owns a small business?

  Written by Marc   Posted 17 October 2013

1) If you own a CC can you include the income and expenses of the CC with your personal tax return. Is there a cut off on the amount of turnover business?
2) Must I submit 2 tax returns? One for personal tax and one for the CC irrespective of the amount of income derived from either income source?

What is PAYE and how does it work?

  Written by Marc   Posted 15 October 2013

What is PAYE and how does it work?

Earning Oz dollars, living in SA, how do I get taxed?

  Written by Marc   Posted 15 October 2013

Hi, I am an SA citizen, and I hold Australian permanent residency. I will be doing some research for an Australian University next year. I will be paid in Oz dollars into my Oz bank account and this will be my only income. However, I will primarily reside in South African during that year and take 4 or 5 trips over to Oz during the course of the year. What are tax implications?

Previous employer refuses to give IRP5 form, what can I do?

  Written by Marc   Posted 14 October 2013

I requested an IRP5 form from my previous employer but was told that they could not help me as they had only registered at SARS a year after I left the company. But tax was deducted from my salary from the first month to the last month of my employment which was over 2 years. What will happen to the company and how do I go about handling this situation as I need to submit my tax return?

I earn a salary and pay tax as per usual, if I consult and receive other income, what is the tax tha

  Written by Marc   Posted 14 October 2013

I receive a salary per month and pay my usual taxes. I am assisting a friend on a monthly basis with his business in my spare capacity. He pays me per month R4 700.00 consultation fees and would like to be invoiced for that. I am not registered as a business, what are the tax implications for me.

Can I claim MPS as a state doctor if I do extra private work earning me additional income?

  Written by Marc   Posted 13 October 2013

I work as a salaried doctor in the state. I also however do some work in private so I need MPS. Can I deduct this and the laptop I bought to do this work? Unrelated, I pay R3200 per month for my domestic worker. Any possibility of a tax deduction on this?

Signing bonus vs relocation allowance tax implications?

  Written by Marc   Posted 12 October 2013

I just got a job offer in CPT and currently in DBN and the company is giving me a signing bonus R100K. what are the tax implications of signing bonus compare to getting a relocation allowance instead of the bonus.

Are rates paid on property tax deductible?

  Written by Marc   Posted 11 October 2013

How do the municipal Rates affect my tax status?

I own a small flat and I pay Rates to the municipality every month. However, my City of Johannesburg statement does not reflect my VAT number. How does this affect my Tax?

Does the Tax rebate apply to Medical Insurance?

  Written by Marc   Posted 10 October 2013

Will I still get the monthly tax rebate if I join a Medical Insurance and not a Medical Aid?

How soon will I get paid after receiving the second ITA34 assessment?

  Written by Marc   Posted 9 October 2013

How soon will I get my rebate after receiving the second ITA34 assessment?

What goes under capital allowances on the ITR12 - Income Tax Return

  Written by Marc   Posted 8 October 2013

What goes under capital allowances?

Am I owed a refund if my second ITA34 shows an amount of R0 and the statement of account is -R14 000

  Written by Marc   Posted 8 October 2013

What does it mean if my first ITA34 showed an amount of R-14000 and SARS then requested additional documents which I submitted. They then sent a second ITA34 which showed and amount of R0.00. The statement of account still reflects R-14 000. Am I getting a refund or am I not getting anything?
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