Timing of additional tax rebate on attaining age 65, how does it get calculated?

  Written by Marc   Posted 24 January 2013

I turn age 65 in August this year. Will I receive the additional "over 65" tax rebate (currently R 6 390) for the full 2013/14 tax year or will this be pro-rated from the month after I turn 65 (ie September 2013)?

Completely new to this, should I be paying tax at 22?

  Written by Marc   Posted 24 January 2013

I am in a pretty unique situation. I am 21 years old, I study through UNISA and have 2 real jobs during the week- both aupair positions.

I earn R3 000 from one and R6 500 from the other, I also get an additional R1 000 from my parents. My employer from the R6 500 job,has indicted that she has already registered me for PAYE, but doesn't deduct it from my salary as I fall below threshold.

Is there any other tax I should be registered for? if so, what tax and how do I go about...

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When claiming depreciation on a vehicle can you also claim the repayments?

  Written by Marc   Posted 23 January 2013

I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?

Thanks

I have not submitted the August return, do I send 2 in February?

  Written by Marc   Posted 23 January 2013

My tax consultant only now told me as a provisional taxpayer I should have done a return for 2012/2013 tax year in August and a second one in February. It is now late January - so do I send in two returns or just one?

Employer letter - Why home office should be allowed as a deduction (commission earners)?

  Written by Marc   Posted 23 January 2013

I am the financial manager of an insurance company and one of the employees has asked me to prepare a letter as requested by SARS. The letter is to motivate as to why the home office of the employee should be allowed as a deduction.

I would like to know what I need to include in the letter to make sure that the information is 100%.

SARS lump 2 salaries together, a full time and a part-time salary.

  Written by Marc   Posted 22 January 2013

My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice. SARS has add the two salaries. Now my wife must pay R17 000. Her part time salary is about R5 000 or less a month. PAYE of R3438.75 has been deducted from the period 01/01/2012 to period 28/02/2012. Annual PAYE deduction tables dated 2011.03.01, shows that PAYE of R3438.75 falls between an annual salary of R78 840-R78 889. I have a feel...

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How to get a tax refund?

  Written by Marc   Posted 22 January 2013

I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that?

I registerd with sars eFiling and got an sms that says thank you for registering with SARS, what now

  Written by Marc   Posted 22 January 2013

I received an sms after registering with SARS eFiling that a statement of account has been issued on SARS eFiling for period 2012/07/18 too 2013/01/18. what does it mean. will i get a refund. I got the sms on Friday the 18 January and how long will it take for me to get a refund?

Supporting documents - what if they are not submitted on time? I uploaded and forgot to submit?

  Written by Marc   Posted 21 January 2013

Hi Tim, great website and good gen. SARS phoned me asking for a schedule of my deductions. I uploaded it and forgot to click on 'submit', then received a second assessment disallowing the deductions - probably because I didn't submit the document.

What do you suggest? If I lodge a notice of objection, will they allow the late submission of the document? How much should I explain to them - fall on their mercy regarding my mistake, or just assert that I am entitled to the deductions? <...

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How do I calculate the travel expenses to be deducted from Commission Income?

  Written by Marc   Posted 21 January 2013

I earn commission only, but do not keep a logbook. Can I claim any deduction for travel from my Commission income. I kept the petrol slips.

What happens if you do not pay tax?

  Written by Marc   Posted 21 January 2013

My previous employer said that I do not earn enough to pay tax, I have just recently found out that even if you do not pay tax there are some administration fees that have to be paid in. I never knew this so will there be any penalties that I have to pay and will I get into any trouble with SARS for not paying the administration fees.

How do i declare commission based income?

  Written by Marc   Posted 19 January 2013

A family member is a running the contract in my name, I went to study so they took over. The income is commission based and approx 15k a month. They using their own personal vehicles to run the contract and have a few people that works on a casual basis. How do I declare this income? And how will I declare the expenses? I just started working and earns 80 per annum which is taxable course.

How do I proceed with a tax directive? (One associated with my ex employer & from the pension fund)

  Written by Marc   Posted 16 January 2013

I retired on 30th June 2012 and received a SARS Tax Directive that states that "tax amounting to R0.00 is to be deducted from the gratuity / lump sum payment of R308732.65." What use does one make of this tax directive? Am I correct in assuming that this amount is to be subtracted from Income received (Codes 3697 & 3698). Is it still possible to submit my return via the provisional tax electronic medium; or will I now have to file a return manually at the end of February 2013?The p...

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How do I go about starting a business?

  Written by Marc   Posted 16 January 2013

Morning... I'm thinking of starting my own business - what should I do first? How much must the business earn per month to pay tax?

Tax refund/rebate dating back to about 7 years

  Written by Marc   Posted 13 January 2013

I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.

My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...

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I received statement of account from SARS, what does it mean?

  Written by Marc   Posted 10 January 2013

My statement of account :assessed tax and at bottom it does give me refund advice does that mean that the process has been completed and that I should receive my refund?

SARS appointed my employer as agent?

  Written by Marc   Posted 7 January 2013

According to SARS I have penalties of R22 250. I only discovered this recently after becoming more educated about the whole tax thing and investigated my own SARS status etc. Naturally I had to update my details and they now know where I work. 3 weeks ago, my employer received a letter saying something about appointment of agency and that she had to pay R1 500 per month over to SARS, in order to pay the penalties. Around the same time I went to SARS offices to log a dispute re the penalties and...

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I just receive a salary and receive car allowance - why do I have to pay in tax?

  Written by Marc   Posted 3 January 2013

I find myself having to pay extra tax in every year, last year 2500 and this year 6000. Why?

What is my claimable medical contribution as a pensioner?

  Written by Marc   Posted 3 January 2013

I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from my pension fund, but I do get a medical certificate from Discovery indicating the full contributions, along with a letter from the pension fund indicating what was paid by said pension fund.

What is claimable? The full contribution, or only the amount that I pay?

Retired and not earning an income

  Written by Marc   Posted 3 January 2013

Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return?

Fringe benefit tax on company car

  Written by Marc   Posted 3 January 2013

Hi Tim,

I have driven a company owned and paid-for motor vehicle so pay fringe benefit tax based on the value of the car when it was purchased (new). Should that value be adjusted as the motor vehicle is no longer worth that much? How do I go about it to ensure it's always up to date? Thanks a mil!

Tax return assessment results - what does this mean?

  Written by Marc   Posted 3 January 2013

I have received this SMS from SARS:

"Thank you for filing your 2011 tax return Assessment Result: R0 Account Balance: R-2574 Selected for Audit: No"

What does it mean?

Hired on contract and permanent later

  Written by Marc   Posted 3 January 2013

Hi Tim

Last year I was on contract from May 2011 till Nov 2011, later the same employer made me permanent. I received an IRP5 showing that I've only been employed from Dec 2011, I went to HR to ask about it and they said it was correct, therefore I submitted all the information on eFiling as it is on my IRP5. I have received a letter from SARS that they want supporting documents, and I have submitted the documents. I would like to know if was there anything I needed to do before fini...

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My contact details are incorrect on SARS ITCHN-1 form - how do I change them?

  Written by Marc   Posted 3 January 2013

I have just submitted documentation to verify my Banking Details as a Non-Resident through Power of Attorney with a friend of mine in South Africa.I have just noticed that SARS have incorrectly recorded my Address Details. What do I do now? Do I wait for my Refund and then do the Change? These details are correct on eFiling. Also they have incorrectly recorded my Email Address as well on the Change of Personal Details for Individuals Form.

Am I a provisional taxpayer if I work freelance?

  Written by Marc   Posted 3 January 2013

I'm a freelance writer earning very little, in fact I might just be over the tax threshold of R58k in the coming year. Do I have to register as a provisional taxpayer and do I have to pay 18% up front for the next tax year? (I've done 2011-2012, I was below the R58k)
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