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Deductions Posts in Tax Q&A

Can I deduct postage costs from my expenses?

  Written by Marc  

I run an online business, where customers purchase goods from me and we post or courier orders throughout SA. Our costs are about R20 000 per annum -can this be listed as a business expense?

I did not submit my supporting documents in time?

  Written by Marc  

After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?

How do I know if I am registered for income tax?

  Written by Marc  

I have only been employed on a permanent basis for the last year or so, and have recently changed companies. I did not have a tax number before beginning work for my old company, but saw on all my payslips that tax was being deducted as well as UIF. I take this to mean that the company registered me for income tax, and that I can continue to use this tax number at my new company and for all income tax in the future?

Can my mom claim if she pays for medical, but not tax registered?

  Written by Marc  

My mom is older than 65, she gets a pension of about R5500 monthly. She belongs to a medical aid that subtracts roughly 1850 a month. She is not registered for tax (I registered her on efiling, but SARS then removed her after we went to them. They said she dont need to be registered.). Seeing that she earns around R66 000 per year and the medical aid contributions are ± R22 000 yearly, and she has some out of pocket medical expenses as well, can she at all claim anything for the medical?

Tax deduction if I pay spouse's medical aid?

  Written by Marc  

I earn R8400 and pay R1536 monthly for my husbands medical aid. Can I deduct it monthly from my salary for tax purposes?What is a good percentage to pay for medical aid on your income?Thank you

I have to send in my provisional tax information for the 1st time, have no clue, PLEASE help

  Written by Marc  

Need to submit provisional tax info. I am employed and have a business on the side. What info do I submit?

Where must I claim tax back from?

  Written by Marc  

Where must I claim my tax and where can I get the IRP5?

I would just like to know about claims not covered by your scheme?

  Written by Marc  

I want to know, people say that SARS don't allow medical claims if its not on a prescription as from 2012 tax year. Is this true or can i still claim back my medical expenses that I bought over the counter. Other words my self medication (eg. panado's, rinex etc) that was not on a prescription from the doctor?

How is PAYE tax calculated when employed by 2 separate employers?

  Written by Marc  

Is tax calculated individually per employer or combined?

How to Calculate: Property Income tax?

  Written by Marc  

I want to know how to calculate the amount of tax that I need to pay SARS if I am renting out my property.
* I have a bond on the place that need to be paid back to a bank.
* Paying more on the bond than receiving rent.
* Paying levies on the place.
* Paying Property tax.
* Paying maintanace on the property.

How can I calculate what to pay SARS for the property income?

How is the Medical Aid Tax Benefit Calculated?

  Written by Marc  

I joined a medical aid during the tax year, which cost me R 2000 per month. I know that the medical aid tax benefit allowed is R 230 per month. Will I be allowed to claim 12 x R 230 = R 2760 for the year, or may I only claim (number of months that medical aid was paid) x R 230?

Part-time accounts clerk - what are the tax implications?

  Written by Marc  

We just hired a junior accounts clerk to work 5 hours a day at R50/hour, 5 days a week. Hence, 100 hours a month.

I would like to know what the tax implications will be for this person due to the fact that he won't work full day. He is on 'probation' for at least 3 months with us.

I have queried a couple of people regarding the preparation of the agreement/contract whilst doing the research online. I am also currently finding how to categorise him on Pastel Payroll from Pa...



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Tax on Foreign Income

  Written by Marc  

Hi Tim,I've got a new contracting job where I'll be working from SA, but I'll be paid from the UK. How do declare/pay my taxes on these? And do I have to transfer all my funds back to SA?

Are bank statements proof?

  Written by Marc  

SARS refused ALL my expenses! Now they want proof of payments of my expenses. I keep all my bank statements as it is easier to do my return and no invoices go missing. Will they accept my bank statements?

Asset depreciation in first tax year

  Written by Marc  

If I registered for tax for the 2012 tax year, does that mean that I can't claim asset depreciation in that first year, since the calculations are based on asset usage in the previous year (when I wasn't utilizing the assets for work purposes)?

As a Sole Proprietor - do you need to do annual returns on profit, AND monthly PAYE?

  Written by Marc  

If you are drawing a monthly salary from your business being a sole proprietor should you be paying monthly PAYE, as well as company tax on the annual profit? Or should you not be drawing a salary and only live off the profit of your company, but pay annual taxes on the profit?
Also if so, is this provisional tax or annual tax?

Is the depreciation of a private vehicle an allowable deduction?

  Written by Marc  

I do not own a business, I only earn a salary.

Is a person who has asthma classified as disabled for tax purposes?

  Written by Marc  

My son has asthma can I claim as a disabled benefit for medical purposes when submitting my tax return?

How do the medical rebates work?

  Written by Marc  

I was wondering if u can maybe assist me.
I?%u20AC%u2122m studying payroll and sars returns, I have an old text book with the old medical aid rates of 720 & 440. I hav a question where I have to calculate the taxable value of medical aid. The question reads, The following tax rebates apply to medical fund contributions: R230 for sole member, R230 for first additional dependent, an additional R154 is allowed as a REBATE for each additional dependent other than the first dependant.
...



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When can I apply for a tax directive?

  Written by Marc  

My employment was terminated and I applied for a tax directive, for my terminal benefits, which I received from SARS which allowed me to get my final payment tax free. My employer however claims the termination of my contract does not constitute retrenchment and therefore I misrepresented the reason for requesting a directive. Is this true? I did detail on the form the breakdown of the money (December Salary, Bonus and Leave pay) I had received and SARS gave me the directive.

PROVISIONAL TAX VS PAYE QUERY?

  Written by Marc  

I am a Freelance Art Director, started Freelancing mid Sep 2011. At the end of tax year 2012, I submitted my tax which reflected income from projects that I had under-taken. Some of the companies that I did projects for automatically deducted PAYE @ 25%, although a few of them did not which was also reflected on the tax return. Resulting in me having to pay the shortfall PAYE to SARS per project that did not deduct tax. I was then told that I had to register for provisional tax which I did. MY D...



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Medical Aid Tax Credits

  Written by Marc  

Just want to know how it works with the Medical Aid Tax Credits. My friend works for a private company and on his Pay Slip under credits he has Medical Aid Tax Credit and the amount that is credited to his PAYE. I however work for Dept Health, the Government and on our salary advice there has been no change. I see nothing on my salary, have never received more money since this system kicked in, and nobody can answer my question. When will I see this tax credit due to me? Somebody mentioned I m...



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How much tax must I pay?

  Written by Marc  

I'm currently earning R10 000 and paying R1 306 for my own medical aid as it is not provided for by my employer. How much tax must I be paying?

Provisional tax, what must I submit?

  Written by Marc  

As a provisional tax payer I submit returns from September 2012- 28 February 2013. Am I allowed to submit on 1 March 2013? Do I need to submit receipts/ documents as some receipts have faded. Or is it acceptable to submit a summary of my expenses as I have recorded them?

I opened my shop in February of 2012, how do I organise my taxes?

  Written by Marc  

I am not sure how to do my tax can you help? When must my tax be done?
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