If an employer pays 100% of the medical contribution on my behalf what are the tax effects?

  Written by Marc   Posted 20 August 2012

Do I now as an employee/taxpayer qualify for the medical tax credits, on submission of my IT12? The Medical Aid tax certificate is issued on my name and not the Employer as it is not a group medical scheme.

Is income earned online taxable?

  Written by Marc   Posted 20 August 2012

Would this apply as provisional tax ? I earn income from Cash Back advertising, Basically you purchase a $10 advertising package which promotes your website for 75 days and pays you 2% per day giving you a return of $15 or 150% after 75 days. Thanks for your website, I was totally clueless about tax before.

Are the SARS office calculations always right?

  Written by Marc   Posted 20 August 2012

I have received a ITA34 which shows the refund, I have now been audited 3 years consecutively 2010,2011 and 2012.I had no other information to submit only medical aid and was employed for 4mths of this 2012 tax year due to retrenchment.

Do I pay tax on my late wife's pension?

  Written by Marc   Posted 20 August 2012

I am currently receiving my late wife's pension monthly, but I am also employed. The SARS tax calculator now shows that I owe SARS around R7000. Please advise if this right?

I receive rental from a bonded property. How do I file the expenses and rental income?

  Written by Marc   Posted 20 August 2012

Are there specific scource codes for the items noted above?

When can I expect my tax refund to be paid out?

  Written by Marc   Posted 20 August 2012

I submitted my tax returns 2 weeks ago, I was told that I will receive my pay out within 2 days, and its been 2 weeks now, I still have not received anything. Must i go back to sars and report this concern?

Why are other people getting refunds from SARS?

  Written by Marc   Posted 20 August 2012

I am a full time working lady, who always submit tax returns on time, I have never owed SARS a cent, I was refunded less than a R1000 in 2010 for paying medical bills of about R2100. I always hear people are getting refunds all the time. What can I do to aso get a refunds from sars. some have advised me to buy a retirement anuity policy. please give me tips of other things I can do to get refund from SARS!

Medical Deductions section is confusing me!

  Written by Marc   Posted 20 August 2012

I've gone through the entire process and am filling in the e-filing form. I'm stuck on the Medical Deductions section. I've filled in what TaxTim suggested, but the e-filing calculator is ignoring the amount at code 4020.

The "Did you incur any medical expenditure?" is ticked "No". But if I change it to Yes then it expects that I have paid to a medical aid and wants a "0" if my "employer" paid the total.

My specific scenario is a little different. My wife pays the medical aid each month and claims that on her own tax return...

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Started freelancing, not paying provisional tax. Can TaxTim help?

  Written by Marc   Posted 20 August 2012

I have being earning some money on the side as a freelancer during this last tax year and I went fulltime freelancing in a personal capacity at the end of 2011.

Will TaxTim be able to guide me with the expenses I can claim as part of operating as a freelancer? SARS is very strict on when certain expenses can be claimed. They seem to only allow expenses when salary is earned on a commission basis.

Tax on performance bonus

  Written by Marc   Posted 20 August 2012

Every quarter, we receive a performance bonus. this is worked out as a percentage of monthly salary. so if i earn R10 000 and my percentage was 50%, then I would receive R5 000 on top of my salary.
There was a discrepancy last quarter where the %'s used to calculate the bonus were incorrect and
they went ahead and paid the incorrect amounts out.
e.g.
Monthly earning - R10000
% suppose to have been paid - 50%
% actually paid - 60%.
difference of 10% = R1000 paid extra to me....

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Who pays and how much tax will be due on gifts given to family? Will there be a donations tax?

  Written by Marc   Posted 20 August 2012

My dad has investments, can he give lump sums to his kids as gifts and who will pay tax and how much? He was told he is not allowed to gift more that R5000.00 a year.

What is the period allowed for disposal of a primary residence for capital gains tax?

  Written by Marc   Posted 8 August 2012

We are planning to move into another house and have not decided what to do with our current primary residence. If we move out, for how long is it still considered a primary residence, as it will take time to sell it? Also, what is the tax we would pay on any sale profits if sold as a primary residence or as capital gains? Am married in community of property.

What is the difference between 2010 and 2011 medical aid system in terms of how you would account it

  Written by Marc   Posted 6 August 2012

What is the difference between 2010 and 2011 medical aid system in terms of how you would account it for the changes between the two financial years?

How do I go about completing and collating my taxes if I am self employed?

  Written by Marc   Posted 5 August 2012

I resigned from my corporate job in 2009 and became a full-time entertainer. Working when the bookings come in, I earn an irregular income. How do I go about completing my taxes as a self emplyed individual?

May I deduct contributions made to my father's medical aid?

  Written by Marc   Posted 4 August 2012

"This is a common problem here in South Africa, what to do if you pay for someone's medical aid. The practice is that you can claim this benefit, if asked for documentation from SARS you will obviously have to produce the records you have mentioned above."

Are there regulations / documented precedent that I can cite to support this? I am having difficulty in getting GEMS to understand my request for a tax certificate for another main member (my father) who's medical aid contributions ...

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I earned less than R120 000, can I still submit a tax return?

  Written by Marc   Posted 30 July 2012

Can I file a return? I have no deductions or supplementary income. If I submit the return will I stand to get any refunds? Can I also register for a tax number without going into a branch?

How much tax am I going to pay each month?

  Written by Marc   Posted 30 July 2012

Employee earns 10500 per month
Medical aid - 1630 ( member + 3 dependants )
Pension - 7.5 %
Pension Company - 9.5%
Uif - 1%

How much tax would employee be paying monthly, please insert the formula as well?

I started working in April this year, when do I have to start paying tax?

  Written by Marc   Posted 30 July 2012

What are the procedures that I should follow as a new income earner?

My mom is a pensioner and is dependent on me - can I claim her medical expenses?

  Written by Marc   Posted 30 July 2012

My mom is a state pensioner and has been living with me for the past 21 years. She does not earn any other salary other than her state pension. Someone mentioned that I can claim back from tax, as I subsidise her income in order for her to be able to "live". She is also on my medical aid. Is this correct and how do you do this?

Does a business get "tax back" on employees medical aid?

  Written by Marc   Posted 30 July 2012

Does a business get "tax back" when paying half of an employees medical aid?

In order to deduct my home office expenses, do I need to be able to prove anything?

  Written by Marc   Posted 30 July 2012

I mostly work from home for my company. In order to qualify for the home office tax deductions, do I need proof that I work from home? If so what qualifies as proof ?

Can I claim medical expenses that I paid, but were for my mother?

  Written by Marc   Posted 30 July 2012

Last year my mother who is 62, and has retired on medical grounds, had to have open heart surgery which i had to pay for. Unfortunately she is not on my medical aid and i had to solely foot the bill of her surgery and all the other medication that she needed thereafter. Do i need to fill this in as part of my medical expenses when filling tax return for the year ended Feb 2012 as these are medical expenses that i incurred and i am the one who paid for this. I do have all the invoices of the expe...

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Why are there different levels of tax rebates?

  Written by Marc   Posted 30 July 2012

Why are there different levels of rebates, i.e, primary, secondary and tertiary, for natural persons? And what are the effects (on both individuals and companies) of the change from STC to dividends tax?

What is the section 11(n) (retirement annuity fund contributions) deduction?

  Written by Marc   Posted 30 July 2012

Do you think that the current section 11(n) (retirement annuity fund contributions) deductions are sufficient to encourage private saving?

Is the decision to replace the medical deduction with medical tax credits more equitable?

  Written by Marc   Posted 30 July 2012

The current medical deduction system provides relief for individuals contributing towards medical schemes and out-of-pocket medical expenses. However it is inequitable in that it affords greater benefit to higher income taxpayers. Will the Finance Minister's decision to replace the current medical deduction allowances with medical tax credits be more equitable and fair to taxpayers across all income groups?
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