Monies paid out in tax year 2015/2016 being declared in the 2014/2015 tax year

  Written by Evan   Posted 10 July 2015

I retired at the end of February 2015. My Medical Aid contribution was paid by my company for the tax year 1 March 2014 to 28 Feb 2015.
The company also paid for March, April and May 2015 and have added this amount onto my IRP 5 source code 3810 for the 2014/2015 tax year. Should these months value, which fall in the 2015/2016 tax year not be declared in the tax year they were paid?

Independent Contractor - Allowable Expenses

  Written by Evan   Posted 10 July 2015

Hi, I'm an independent contractor and my income is indicated under code 3616. I don't get any allowance, and my company pays income tax every month. What I want to know is can I claim, under the allowable expenses, for things such as vehicle depreciation/KMs traveled/vehicle service costs etc?

Almost all my work related travels are from home to the client site and back, which I have kept a log book for.

I am charged by my previous employer to my IRP5 for FY 2006

  Written by Evan   Posted 10 July 2015

I have submitted my 2015 tax on the 01 July 2015 on SARS eFiling and I had a refund of R2200.00 and now SARS told me that I have an outsanding tax return for 2006, however I request my tax return on SARS eFiling for FY 2006 its not populated with the figures even if I refresh my IT12. Also when I my IRP5 from my previous employee this the request I have got:

Tax law only requires us to keep IRP5's for 5 years. However, we have them saved electronically going back to 2008 so if we are able to help the contractor, we will of course do so at no charge, but unfortunately, the IRP5's from prior to 2008 have been archived and are stored offsite...

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Sequestration - how to submit details to two returns

  Written by Evan   Posted 10 July 2015

I was sequestrated in June 2014 and applied for a new tax reference. How do I submit my medical aid and RA contributions as I have to tax returns to complete:

Supply the same information on both tax returns and SARS figures out the rest?
Or do I have to request new tax certificates and have the institutions split the contributions for each of the tax references / periods?

What constitutes business mileage if I stay temporarily closer to work?

  Written by Evan   Posted 10 July 2015

I live in one city and my normal office is in the city. I am currently involved in a project in another city which takes me away there for extended periods. I have a flat in the other city which I stay in while I am working there. What constitutes business mileage? I would think travel from home to the distant site would be business mileage. However probably not the daily commute in from my flat. Is this correct, or would the total distance away from my home be business mileage?

Letter of completion

  Written by Evan   Posted 10 July 2015

I received a letter of completion yesterday afternoon at about 15:34h. What does this mean?
I submitted my 2012, 2014 and 2015 tax return and received a letter for 2015 does this mean that everything was finalized, when should I receive my refund.

Tax up to date but SARS saying I owe them

  Written by Evan   Posted 10 July 2015

Last year all my outstanding previous years 2006 to 2014 was brought up to date via SARS eFiling and finally having to go into SARS to submit documents. After accumulative penalties deducted (R14k) and an audit I still managed to get a refund which was paid to me 15 July 2014 (11k).

This season 1 July 2015 I submitted my tax return, again I was selected for audit. SARS requested supporting docs which I submitted as per notification and I'm due a refund. Today I contacted SARS to inquire what the hold up was regarding my refund (R5k) and was informed that I owe SARS R4k which I have to settle first before I can receive my refund. ...

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Refund period

  Written by Evan   Posted 10 July 2015

I completed my tax return on 2 July & submitted supporting IRP5 doc as requested by them on 5 July. Any idea when I can expect my refund?

Company Contribution to a Provident Fund

  Written by Evan   Posted 10 July 2015

How do we handle company contribution to a provident fund? Do we reflect this in the provident section of the tax return?

How much do you pay for tax if you earn R52 000 rand per year?

  Written by Evan   Posted 10 July 2015

If you work on a year contract and earn 52 000 rand per year, how much do you pay for tax ?

Can I claim for depreciation on my personal vehicle used for business puposes?

  Written by Evan   Posted 10 July 2015

Can I claim on my personal vehicle used for business? I receive no allowance, just re-imbursement for petrol claims and services. I have a logbook indicating business vs personal use.

Cannot download either my assessment or letters

  Written by Evan   Posted 10 July 2015

Cannot download either my assessment or the contents of a letter requesting supporting docs, have downloaded the latest Adobe reader 12.

How are provident funds taxed due to retrenchment

  Written by Evan   Posted 10 July 2015

I was retrenched last year. Initially it was a dismissal but I won the case at CCMA and the dismissal was changed to retrenchment as the position was no longer available on the organisational structure. How was the provident fund supposed to be taxed?

Medical Tax Credits Calculation

  Written by Evan   Posted 10 July 2015

Hi Tim,

I earn R4500 a month and I pay R700 a month for medical aid for myself. How many medical tax credits will I receive? At the moment if I am correct it is R257 for the main member
which equals 257*12 = 3084. Would that be roughly what I would get? I have been told that I cannot get more than R700 as that is my monthly contribution.

I need my tax password and logname

  Written by Evan   Posted 10 July 2015

I lost my tax password as well as my logname for SARS eFiling, so how can I get it?

Why do high earning individuals get a refund from SARS?

  Written by Evan   Posted 10 July 2015

Why do high earning individuals get a refund from SARS?

Would like to contact Tax tim

  Written by Evan   Posted 10 July 2015

What is your contact number?

Havent received my payment from SARS yet and its been 5 days already

  Written by Evan   Posted 10 July 2015

I recently did my tax with TaxTim but haven't received my return payment from SARS yet? On SARS Efiling it states that "Filed through an Independent Service Vendor"

Medical insurance claim

  Written by Evan   Posted 10 July 2015

I had a medical insurance plan last year for 5 months, can I claim that under medical expenses?

Process of SARS and penalties for non-submission

  Written by Evan   Posted 10 July 2015

I would like to know what process does SARS follow after someone has submitted their tax returns information and what are the penalties for non-submission of a tax return or submission of false information?

Salary if I want to net R12000 after tax

  Written by Evan   Posted 10 July 2015

If I want to net R12 000 pm after my Tax and UIF deductions, how should my Gross earning be?

Please help.

Do I pay PAYE on R5000 per month?

  Written by Evan   Posted 10 July 2015

Good day. I earn R5000 per month. My question is this, is there a need for PAYE deductions? And if I pay PAYE do I still need to personally pay tax to SARS at the end of every year? Please explain to me how this works. Is PAYE not already paying the tax you are liable for?

Previous year IRP5 submitted accidentally

  Written by Evan   Posted 10 July 2015

Hi,

I submitted my tax return for 2015 on the 3rd July 2015, was due to receive a refund. After a couple of days of no refund, I called the help desk - apparently I did not submit any tax returns for 2009 & 2010 (my job during that time did not pay enough to warrant a tax return).

Anyways I requested the 2009 and 2010 tax return.... The 2010 tax return had all my details and I promptly submitted it with no issues, however my 2009 tax return, instead of selecting save (was b...

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Why am I being audited when all my income, deductions and benefits are reflected on my IRP5?

  Written by Evan   Posted 10 July 2015

Hi Tim;

I recently completed and sent my tax return via SARS eFiling. I was selected for auditing and asked to provide supporting documents. I have nothing complicated going-on: I earn income only from my employer. All my benefits and deductions with respect to retirement fund and medical aid are all reflected on my IRP5 i.e. I don't have a personal retirement annuity or medical aid scheme outside of those in my salary package; as reflected on my IRP5. So what could be the problem?
...

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Tax on Breast Augmentation

  Written by Evan   Posted 10 July 2015

Can I claim tax on breast augmentation done?
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