Medical Tax Credit - 2015 Tax Year

  Written by Marc   Posted 19 March 2014

2015 tax year.

I pay R150.00 per month toward a medical aid fund for myself and my daughter (6 years).
Do I qualify for the full monthly tax credit of R257.00 X 2 = R514.00 or will this be limited to my actual monthly fund contribution?

Do I need t pay the non-compliance penalty fee with SARS?

  Written by Marc   Posted 18 March 2014

I registered with SARS in 2010 and have been filing ever since. I recently received a non compliance penalty fee for 2008 and 2009. It's only R500 (R250 for each year) Do I have to pay this if I wasn't even registered in those years and did not receive IRP5's from my employer then either?
I managed to get the IRP5's and I filed them last week but still am being told I need to pay the penalty fee.
If I am going to dispute it, will I be charged interest or more penalties whilst it is busy being disputed?...

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PAYE incorrectly stated on my IRP5?

  Written by Marc   Posted 18 March 2014

I submitted my tax returns via eFiling and got an assessment saying I owed SARS. The reason was PAYE incorrectly stated. How can I dispute this assessment and is it possible that you can assist?

Medical aid contributions and subsidies for over 65 years. how are these treated in 2015 year?

  Written by Marc   Posted 16 March 2014

76 year olds. medical aid contributions deductable? and medical aid subsidies taxable? 2015 tax year.

What sort of tax should I register for as an independent IT contractor?

  Written by Marc   Posted 14 March 2014

I'm an independent IT contractor working from home. I work for different clients at the same time. Some pay a fixed fee.

What sort of tax should I register for taking into consideration that I use my house, electricity, internet, etc?

Deemed disposal of assets after being away from SA for work?

  Written by Marc   Posted 14 March 2014

I have been given the advice that I would automatically be considered a non-resident if I spend more than 183 days and more than 60 consecutive days outside of South Africa by SARS and would therefore have my tax status changed to non-resident. SARS would then deem my assets as sold (even though I have not actually disposed of them) and I would be liable to pay CGT.

Is this the case?

Is tax payable to the government from the salary I earn in South Africa?

  Written by Marc   Posted 14 March 2014

I am going to work in South Africa. Is there any money I have to pay to the government from my salary.

What can I claim for medical expenses under new system?

  Written by Marc   Posted 14 March 2014

Under the previous system pensioners could claim all expenses. Now my expenses come to R110 000 this year. Am married and would like to know under under new system what would I be able to claim. I am 80 years old

What is an IRP5?

  Written by Marc   Posted 14 March 2014

What does the acronym IRP mean and what is an IRP 5?

Where is my tax number on my IRP5?

  Written by Marc   Posted 13 March 2014

Do my tax number appear on my IRP5. If so, where on my IRP5.

Understanding the primary rebate by SARS?

  Written by Marc   Posted 11 March 2014

I just started my first job. I am having trouble understanding what the primary rebate? is that is specified on PAYE STATUTORY RATES AND TAX TABLES. Can you tell me when this rebate is applicable to an individual?

Donation in the hands of the receiver?

  Written by Marc   Posted 11 March 2014

If I make a donation to my child of R100k I know I don't have to pay "donations tax" because this is within my yearly allowance BUT how is the income treated in that year in the hands of my child?

Country code for Centurion

  Written by Marc   Posted 11 March 2014

what is the country code for Gauteng South Africa?

Which is the best way to maximise your return using the travel allowance?

  Written by Marc   Posted 11 March 2014

There are two ways to calculate travel allowance that is deductible. One is where you keep actual expenses and the other is where there is a table of fixed costs, maintenance etc depending on the value of the car. Which can maximise your refund? And can the capital value of the vehicle be deducted or considered besides for the purposes of determining running costs?

How are individuals going to experience the tax relief of 9.25 billion in the 2015 tax year?

  Written by Marc   Posted 10 March 2014

How are we as individuals going to experience the relief announced in the budget speech which made a provision bringing a tax relief of R9.25 billion to individuals in the 2015 year of assessment. as well as an estimated 40% of the relief will go to South Africans whom receives less than R250 000 a year?

I freelance now and again but have a very low monthly income. Do I need to declare & register?

  Written by Marc   Posted 7 March 2014

I love your business model, very innovative.

I have a full time job and started offering to do freelance web designing for people. I have been told some conflicting information about tax, from being taxed 40% on additional income to additional income not being necessary to declare if its non-recurring.

I have a full time job and don't charge much for creating websites and there is the recurring income of web hosting that I charge clients monthly. I probably create a site once a month for about R2000 and hosting comes to a total of R400 a month (for all the sites I host). So additional monthly income is max around R2400 and that is not every month....

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How do I register a Non South African with work permit for UIF ?

  Written by Marc   Posted 6 March 2014

How do I register a Non South African with work permit for UIF ?

Tax on contract work?

  Written by Marc   Posted 5 March 2014

When working for a company on a month contract, how should the tax deducted from your salary work? Only deduct for the month or work it out for the year?

Scared housewife - I may owe tax???

  Written by Marc   Posted 4 March 2014

I have been a housewife for a very long time. I am now 63 years old. We are married outside community of property. I had a business for a short period, many years back, which failed (I have no business sense it seems) and since then my husband was giving me money every month. It was quite a lot of money at the time, but I didn't really think that it would count as a salary. I bought a house and sold it 10 years later using the money my husband gave me. I got about 500k out from that. I have the ...

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What is tax on R8400?

  Written by Marc   Posted 3 March 2014

What is tax on R8400?

Foreign Dividend Exemption - how does it work?

  Written by Marc   Posted 3 March 2014

What is the foreign dividend exemption for the 2012, 2013 and 2014 Tax years?

Tax return problems

  Written by Marc   Posted 2 March 2014

Did tax return for last year They owe us R550 now we must go in to show proof of address WHY We did it with a Tax Broker

Started at new company this year (Online company based in Norway) what tax do I pay?

  Written by Marc   Posted 27 February 2014

Up until December 2013 I worked at Incredible Connection. I earned a basic and commission. They always used the PAY-E (Pay as you earn) to pay my tax.

At my new Company, an online company based in Norway, I get paid a salary and commission together in 1 payment. I submit my commission table at the end of the month and I am paid around the 5th-7th of the following month.
My question is:
1) do I need to use an IRP6 now (Provisional) if my only income is via my salary and commission (although it is from a foreign country)? (I earn less than the 250000 per month) average which I think means I don't need an IRP6...

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Can you deduct travel expenses to & from coaching as an independent contractor if you keep a logbook

  Written by Marc   Posted 27 February 2014

If you work 2 jobs - 1 part time with a salary (office job) and the other ad-hoc coaching of sports. Can you deduct travel expenses for the travel to and from the ad-hoc coaching? [I know you can't to and from the work place for the salaried job.]

And what other deductions can you make besides the medical tax credit?

Provisional Tax

  Written by Marc   Posted 26 February 2014

Good day

I am 53 years old and retired. I currently received income from 2 pension funds (only source of income). Must I register for provisional tax.
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