I'm on a commission only based income - my income varies substantially monthly what should I be taxe

  Written by Marc   Posted 4 July 2013

One month I could earn R20,000.00 and the next month R5,000.00 I get no basic, allowances, pension, medical etc

Do PTY LTD companies who have paid dividends have to issue their shareholders with IT certificates?

  Written by Marc   Posted 4 July 2013

With the introduction of new dividends tax, shareholders have been taxed before their dividends are paid to them. Does the company who has paid the dividends and paid the tax to SARS now have to issue certificates to the individual shareholders confirming how much tax has been deducted? If so which certificate must be issued?

How do I claim for buying a house?

  Written by Marc   Posted 4 July 2013

I am a freelancer in the film industry. I have been told that I can claim back for buying a house and renovating it. Is this true? I would also like to claim back for my car expenses. I have receipts for fuel and maintenance and my opening and closing kilometers for the tax year. I'm not sure how to fill in the log book though, do I need to fill in for each trip?

Leave pay

  Written by Marc   Posted 4 July 2013

I work as an sales rep. I don't know how to call this. At my previous employer I got a (leave pay bonus) if I took leave. They explained it to me at the time that because I work for commission that I was entitled to the (bonus) as if I made a sale in that month so they paid me this (leave pay)

My new company does not know what I'm talking about and my previous employer has closed down.

Do you maybe know what I'm talking about?

HI TIM, Wonderful Blog

  Written by Marc   Posted 4 July 2013

I worked in South Africa for 44 days in the Financial Year 2012-2103. I went back to India.
Recently I have efiled my Income tax return via online from India and I got ITA34 with the refund amount of Rand 7288.
With in a Minute I got email from SARS to submit few Support documents. I confused what are all the document I have to submit.
So I have submit the below document.

1) IRP5_IT3a
2) Discovery_Certificates
3) IT34
4) The document which I got from SARS regarding Support Document uploads...

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What is the tax implication if have use of a company car? and can I claim any deductions on my ITR12

  Written by Marc   Posted 4 July 2013

What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook?

When submitting return what documents do I need to have?

Medical Credit

  Written by Marc   Posted 4 July 2013

Hi Tim. Love the website!
So, what in essence is happening is: Unless your Over 65, Disabled, Very Sick and your Out of Pocket expenses are ridiculously high and your salary very low and you contribute to 50 dependents your not going to get your refund?
Does SARS realise that this is the one time per year that regular salary earners can look forward to getting something back and now they have very cunningly taken that away from them and put that money back into their own pockets?!

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Do I still have to register with SARS and fill in a tax return?

  Written by Marc   Posted 4 July 2013

In 2012 I was paying PAYE, I got an IRP5 from work but did nothing with it as I didn't know what it really was. Then in February 2013 they raised the threshold and I no longer earn enough to pay tax. Should I still fill in a tax return for 2012? Will they charge me late fees for this?

Rebates

  Written by Marc   Posted 3 July 2013

I just requested a calculation on my tax return and I had to get a 7500 refund. So I submitted. Now that I have submitted my ITA34 says I'm only getting a 1500 refund. My taxes are up to date and I don't owe SARS anything. How do I go about this?
It looks like it has something to do with rebates? What is rebates?

Should the loss incurred be excluded (ring-fenced) for the calculation of your tax liability?

  Written by Marc   Posted 3 July 2013

After declaring my rental income and expenses on the ITR12, I'm presented with this question after specifying the source code (which I assume is 2533). Which should I choose and what is the effect of the two answers?

Will TaxTim allow you to add Medical Aid, RA's,Mileage and other investments like ETF's?

  Written by Marc   Posted 3 July 2013

I am under the impression TaxTim will easily allow you to add Retirement annuities and medical aid but how does the system work with Mileage that needs to be claimed as well as ETF's Like Satrix top 40 when you have to add it under Gross income and then taking it back under s10(1)(k).

Or have I lost the plot completely?

Regards
Edwin

I want to submit my tax returns to SARS

  Written by Marc   Posted 3 July 2013

I have got the following forms.

1) IRP5 from
2) Discovery medical aid tax certificate (From December 2012 to February 2013). Medical amount is deducted from my account not for my salary.
--- My wife(main member) and my children(dependent) are the members(am not a member of discovery medical aid)
3) Vehicle finance tax certificate from Wesbank (From 2012/03/01 to 2013/02/28).
4) Other medical expenses out of my pocket(not cover in medical aid)

I do not have a medical aid but have kept all my receipts for doctors and medication, what do I do o

  Written by Marc   Posted 3 July 2013

How do I claim this back?

How do you apportion depreciation for a PC with both business and personal use?

  Written by Marc   Posted 3 July 2013

I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it is mostly used for work, I do use it a bit for non-business purposes as well.

Could you please tell me how I would calculate an apportionment like this and if I would have to have been keeping records of use for the computer?

This was your response to a previous question - please advise why the calculator is reflecting 0?

  Written by Marc   Posted 3 July 2013

Regardless of how much the contribution is you will only be allowed a deduction for medical aid contributions limited to R720 per month for yourself and your first dependent and then R440 per month for any further dependents.

My 2012 return for code 4008 was R17 280 - The calculator this year shows nil - Can you explain possible reason?

Thanks

Medical expenses not payed by medical aid?

  Written by Marc   Posted 3 July 2013

Last year when I submitted my expenses I received 30% back in returns from SARS. This year when I complete my return with expenses R10 431 it gives me a return of R833 please advise - there are 4 people on my medical aid and my company pays 2/3 of the premium. My annual income is R228 000

Can I resubmit my tax after I received payment? I forgot to add disability expenses.

  Written by Marc   Posted 3 July 2013

I submited my tax via eFiling and have received my payment as I claim for disabilty. I however only found out now that I can claim for my children school fees as they both attend special needs schools and the disabilty claim is for them. Can I request a resubmission just adding the school fees in as a disabilty expense

Payslip

  Written by Marc   Posted 3 July 2013

I have a problem understanding my payslip. I am a freelance and earn only commissions.
I dont know what to claim of my income tax;
My payslip consist of:
- Total earnings : 7500
- total company contributions : xxx
- taxable earnings : xxx (what does that mean)
- tax : xxx
- total deductions : xxx
- net salary : xxx

What is tax and total deductions? Those two amounts sometimes differs and sometimes are the same. As I am a freelance and work by ...

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Cellphone depreciation?

  Written by Marc   Posted 3 July 2013

What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?

Allowable Medical Deductions

  Written by Marc   Posted 3 July 2013

My monthly medical aid premium is paid to the scheme through the company (it forms part of my cost to company) but I cover the cost 100%. The total for the year is R31 694 (for me and my son).

I have additional medical expenses not covered by my MA totaling R5 900 for the year.

2 questions:

a. Am I able to claim an allowable medical deduction?
b. where on the e-filing form would I enter them?

Extra Tax deducted

  Written by Marc   Posted 3 July 2013

I recently underwent a Tax audit last year as I haven't regularly paid taxes for a few years. SARS did the audit and siad they owed me x ammount but I also owed the y ammount. They paid out the x ammount deducting their Y ammount from the balance and all was good. The end of last year and the this year they all of a sudden started deducting R1600 off my salary for some special tax owed.This was for about six to eight months of deductions I have just been to see them to submit this years Tax form...

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May I claim my km to and from work if I get a travel allowance?

  Written by Marc   Posted 2 July 2013

I only use my car for business and to and from work.

Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?

  Written by Marc   Posted 2 July 2013

Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...

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What is the amount for the 2012/2013 "allowable medical deduction" code 4008?

  Written by Marc   Posted 2 July 2013

I would like to find out if the amount (if you are the only dependent) is still R720 p/m for the 2012/2013 tax year? Can this amount be claimed by anyone who pays medical aid?

When I use the SARS tax calculator, it shows at code 4008 an amount of R0,00?

  Written by Marc   Posted 2 July 2013

My medical aid contribution was R 24 761 inserted under code 3810, how come my allowed medical deduction is R0?
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