Fleet Cards

Posted 24 August 2015

How should employer tax work on the following:

Employee uses a company fleet card for fuel cost. Example of the July:
July Fleet Card Balance of statement R3 500
Travel claim (1 000 km @ R2. 05 p/km) R2 050
Deduction from employee for private use of fleet card R1 450 (R3 500 - 2 050)

Under which IRP 5 code should the travel claim be?
Should it be 3702 because the employee pays back the private use of the fleet card therefore there is no fringe benefit.

How is it possible that I have never received a tax refund since 2005?

Posted 21 August 2015

How is it possible that I have never received a tax refund since 2005?. I employed by a corporate (approx 40 000. 00 employees) that pays my tax for me.

What will my perk tax be?

Posted 20 August 2015

how do i determine perk tax on a vehicle of R250 000

What other documents are needed to hand in with IRP5 at branch or efiling?

Posted 19 August 2015

Hi, what other documents is requiered at the SARS branch whith my IRP5? And do I need it for SARS eFiling as well? Thanks

Audit taking forever - now escalated ?

Posted 18 August 2015

Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After waiting 31 days I phoned and they acknowledged that this had taken longer than the stipulated time and escalated my query... I was told this could take a further 21 days???

Are we really at the mercy of the system or is there any other recourse we can take? (straight forward tax return - no vehicle allowance etc. )

Salary 10 000 + 2000 fuel allowance - tax?

Posted 18 August 2015

If I receive a monthly salary of R10000 and a fuel allowance of R2000 - how much will I clear

Are vehicle repayments tax deductable for a sole-proprietor?

Posted 17 August 2015

I am a sole proprietor in a health profession. I have an office, but I see a lot of clients at their homes or primary residence. I need a car to conduct my business, and have just bought a new car. What are the tax implications of this? Can I deduct the repayments and insurance premium as a business expense?

Fringe benefit calc on use of company vehicle for period less than a month?

Posted 17 August 2015

How do I calculate fringe benefits tax on the use of a company vehicle. The vehicle was received on the 14 Aug 2015.

Home expenses when working from home and commission is less than 50 % of income

Posted 17 August 2015

If you earn a fixed salary and commission from the same employer and the commission is less than 50 % of the salary, can a deduction for home office space be utilised?
The employer confirms in writing that the employee works from home only and the employee incurred expenses to set up and amintian the home office. The salary was structured in a way to also include a Travel allowance and full logbook detail is being kept

"statement of assets and liabilities"

Posted 17 August 2015

Hi Tim,
"statement of assets and liabilities"
I dont remember seeing the field for motor vehicles on previous tax returns. Is it necessary to declare motor vehicles. . ?
Also: cash in bank accounts and personal effects. . . ?
thanks!

Travel/vehicle allowance not stated on my IRP5 by employer

Posted 14 August 2015

My previous employer never put a travel/car allowance on my IRP5 thought I travelled more than 40000km for them in 11 months. Can this be corrected? Unfortunately the consultant who did my returns for me already submitted without informing me before submitting about this issue. What can I do?

If one changes employment do they have to do 2 sets of submissions?

Posted 14 August 2015

I have changed Employment in November 2014. I left my previous employer end of Oct 2015 amd joined the current one in Nov 2015. I was on Travel allowance on my previous job and i'm now on a car allowance benefit. How do I go about in completing my SARS eFilling? do I need to have 2 set off IRP5's?

House/car repayment - tax benefits

Posted 12 August 2015

Are there any tax benefits when you are paying off a bond, car or any property?
Does that affect the person who is paying the loan or the person receiving payment, or both? As far as disclosing this on the tax return as a deduction or otherwise.

Logbook requirements for SARS for claiming travel allowance?

Posted 11 August 2015

I hadn't submitted my tax forms from 2009 and 2010 (although SARS had owed me money in each of those instances) but I'm trying to resubmit now. I got paid for some of the travel that I conducted from my business (roughly R4/km) and I kep an online logbook on Excel. Is this sufficient for SARS or do I need to fill it out on an official SARS logbook?

Not sure to use financed value or retail value for car expenses?

Posted 7 August 2015

Good day,

The cost of my car shows retail value of R370 000 but shows after extras minus deposit financed at R311 00

Which value do I use in my tax return?

Refund and Audit What Now

Posted 7 August 2015

I submitted my tax return for 2015, I then went back and removed the actual values for repairs and maintenance for my vehicle as I do not have proof of all the records like my insurance, I only have proof of the fuel and maintenance. I then went to my 2014 return and requested a correction as I wanted the the values removed for the cost of my repair expenses. I made these changes on the 1 st of July 2015 and as per usual, I was selected for an audit. According to the call center, they have all t...

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Can I claim for cell and laptop without cell allowance or comission?

Posted 6 August 2015

I'm a sales rep. I get car allowance and am reimbursed for my mileage. Can I claim for cell and laptop if I do not get an allowance for it and I do not earn a commission? And 2nd, I have not kept any lunch slips for taken clients out for business lunches nor did I submit the slips to claim from the company. Can I use my bank statements and proof of purchase for these lunches?

Can I be taxed without a tax number?

Posted 6 August 2015

Is it possible that an employee can be taxed without having a tax number or never registered for tax no number?

Vehicle allowance

Posted 4 August 2015

If my boss pays me a certain amount as vehicle allowance and I the use my vehicle mostly for work, how do I claim on ITR?

Costs for repairing of vehicle

Posted 4 August 2015

I was involved in an accident the insurance did not pay to repair, can I claim some of the cost of repairs back?

Insolvency with SARS?

Posted 4 August 2015

SARS did not accept my tax return for refund this year. I disputed this and the dispute was disallowed for the following reason:

2015 tax return to be submitted on the after insolvency number

What does that mean? Why am I not entitled to claim back on my car allowance as I have a detailed logbook for this.

Correction on submission to SARS on individual return

Posted 4 August 2015

My Fiance received a travel allowance last year, due to seeing patients at home, she submitted her tax return before putting in her car value along with her mileage that she needs to claim, and hence didn't get any rebate from SARS. Is there anyway in which we can ask for a correction on the tax return from SARS, or what should we do? I am sure she should be due a rebate.

What should reflect on income received

Posted 3 August 2015

On IRP5 what should reflect on INCOME RECEIVED is it Total amount received per year or Total Package. Thank you

REFERAL FOR AUDIT WHY WOULD THIS HAPPEN AND HOW LONG FOR FINALISATION

Posted 31 July 2015

I have been referred for audit for my 2015 tax returns, why would this be the case and how long does SARS take to finalize for payment if due. best regards

How to fill return with 2 company cars

Posted 30 July 2015

How do I fill in my return when I used to company cars within the tax year they were not leased

Do I write the total business lbs for each car or the accumulated business km?
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