Can I re-do my return on SARS efiling?

  Written by Marc   Posted 29 August 2013

Hi Tim,I submitted my tax return today through efiling, but after going through your blog I realised I did some things incorrectly, as I was out of the country for more than 6 months working on a company project. Is there any way that we can redo the return to include this?

Does -10c balance mean I'm not owed? I know I have been paying tax.

  Written by Marc   Posted 29 August 2013

Hi Tim! I submitted my tax return for 2012 and 2013 last week Friday. I wanted to claim in case I was owed. Afterwards I got an email and an SMS saying -10cents due. What does it mean?

How much is my tax on R10642 net?

  Written by Marc   Posted 28 August 2013

If my employer had paid me (R10642 net) after deductions how much should my tax be?

I get paid R6500-R7500, how much tax do I pay every month?

  Written by Marc   Posted 28 August 2013

Hi Tim, I work as assistant manager at a pizza restaurant in Johannesburg, my question is how much tax should be deducted in my monthly salary if I get paid R6500-7500 a month? How much should I take home after deductions?

I am paying for my daughter's medical aid. Can I claim from SARS?

  Written by Marc   Posted 28 August 2013

My daughter is a full time student with her own medical aid. But I am the one paying for it.Can I claim from SARS?

Could SARS refund my tax to a UK bank account or does it have to be to a SA account?

  Written by Marc   Posted 28 August 2013

Hi Tim,
I worked in South Africa last year as UK citizen and have put in a tax return. It's calculated quite a bit back but now I have a message that reads 'AVS Bank with AVS verification pass'. I am back in the UK and SARS have said I can make someone power of attorney on my behalf, which I have duly done. They have agreed to take my paperwork to the SARS office with certified copy of my passport and my last ABSA bank statement.

My question is, to make life easier could SARS refund my tax to a UK bank account or does it have to be to my South Africa ABSA account?...

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How would I calculate my business provisional? I need to pay the first 6 months

  Written by Marc   Posted 28 August 2013

How would I calculate my business provisional, I need to pay the first 6 months on Friday 30 August.

Can I have three travel codes on one IRP-5? 3701+3702+3703?

  Written by Marc   Posted 28 August 2013

Some consultants at SARS says I am allowed to have three travel codes on my IRP5, namely 3701, 3702 & 3703. Other SARS officials says it's not permitted! Who is correct and why?

Deductions against professional fees

  Written by Marc   Posted 28 August 2013

I have done private consulting for the last 5 months of the 2013 tax year. I have not been formally employed for this period. What can I deduct against professional fees earned? Home office? All travel to and from clients using vehicle cost tables? Cell Phone (ratio business/personal call accepted or actual business calls only)? Other?

Total rebate for persons 75 years and older

  Written by Marc   Posted 28 August 2013

What is the total rebate for persons who are 75 years or older ?

R501 balance due to you. What does this mean?

  Written by Marc   Posted 28 August 2013

If SARS says "amount balance R501 due to you", what does this mean?

Travel Claim against car not in my name

  Written by Marc   Posted 27 August 2013

Hi Tim

I get a travel allowance but the vehicle is not in my name, SARS have done an audit and now I need to submit the Purchase / lease contract in respect of motor vehicle(s) against which I claimed. Is this a problem, will I be penalised?

How much tax rebate does an employer get if he's paying 50% of medical aid for his employees?

  Written by Marc   Posted 27 August 2013

Say a company has 100 employees and the employer turnover is over R20 million per annum, if employer is planning to contribute 50% in medical aid and retirement fund to his employees, how much of a tax deduction does the employer get?

I've not filed a tax return in years, what should I do?

  Written by Marc   Posted 27 August 2013

I've not filed a tax return for the last few years, though my company has been taking tax off my paycheck. What should I be worried about? What should I do?

Lump sum tax on backpay?

  Written by Marc   Posted 26 August 2013

Hi Tim

I am employed by the Department of Education. Last year (2012) the DOE did not pay my salary for 6 months (April - September), I then received the 6 months salaries in a lump sum in April 2013. I was therefore heavily taxed on the lump sum. When can I claim back that tax, with this year's tax return or next year?

What is "taxable income" on my payslip?

  Written by Marc   Posted 26 August 2013

On my payslip there is a huge amount called taxable income, what is it?
Do I owe SARS or is it owing me?

I want to register and do the claim after I get my tax number

  Written by Marc   Posted 24 August 2013

Can I register and do the claim after I get the my tax number?

Can a non-resident South African citizen take out inheritance from SA?

  Written by Marc   Posted 23 August 2013

I've lived out of SA for 22 years and have held dual nationality (SA and UK) for the last 12 years. I rarely visit SA and have not spent more than 3 weeks there in any of the last 20 years. My question is about inheritance. If I inherit in SA, will I be allowed to take my inheritance out of SA? I have never formally emigrated, still hold a SA passport in addition to my UK one and have no assets in SA. Would it make things easier if I renounced my SA citizenship?

Medical Tax Credit (MTC) and the ITR12

  Written by Marc   Posted 23 August 2013

I pay my own medical aid and the total amount paid was R15626. When entering it on my ITR12 it shows me a NULL allowable medical deduction under a code 4008. Am I not supposed to get my MTC of R230 per month? It was not deducted on my IRP 5 so I paid my full PAYE amount.

Can you claim depreciation as an expense against rental income?

  Written by Marc   Posted 22 August 2013

Can you claim depreciation as an expense against rental income?

Efiling status says "correction filed"

  Written by Marc   Posted 22 August 2013

Hi Tim,
I submitted my tax return. I submitted supporting documents. The status on efiling is - "Correction Filed".
Please can you advise what this means? How will I know when payment will be made to my account - what should the status be?

Subsistence allowance rate for Mozambique tax year

  Written by Marc   Posted 22 August 2013

Can you give me the subsistence allowance US$ rate for Mozambique tax year 2013 please.

How to calculate Tax Refund if over 65 with a disabled dependent

  Written by Marc   Posted 22 August 2013

I am completing my father's Tax Return for him. He is over 65 and has a dependent, my brother, who is mentally disabled. I have indicated this as such on the return and can see from the calculation that the full medical amount listed is shown as a deduction from the taxable amount. What is confusing me is the only amount being reflected as a refund is the PAYE he paid on some shares that he cashed in and there is no additional refund for any of the mental disabilities. Am I understanding the med...

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Allowable vehicle expense deductions

  Written by Marc   Posted 21 August 2013

What vehicle related expenses can I claim as deductions? I am a property manager and rental agent and use my vehicle mainly for work purposes. I know that any expense incurred in the production of income can be deducted, so can the cost of my vehicle (repayments) be deducted?

What does a reduced assessment mean on your SARS?

  Written by Marc   Posted 21 August 2013

What does a reduced assessment mean on your SARS?
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