Does the Tax rebate apply to Medical Insurance?

  Written by Marc   Posted 10 October 2013

Will I still get the monthly tax rebate if I join a Medical Insurance and not a Medical Aid?

I need a copy of my IRP5?

  Written by Marc   Posted 9 October 2013

I don't have a copy of my IRP5, where else can I get one and be able to print it?

What goes under capital allowances on the ITR12 - Income Tax Return

  Written by Marc   Posted 8 October 2013

What goes under capital allowances?

Am I owed a refund if my second ITA34 shows an amount of R0 and the statement of account is -R14 000

  Written by Marc   Posted 8 October 2013

What does it mean if my first ITA34 showed an amount of R-14000 and SARS then requested additional documents which I submitted. They then sent a second ITA34 which showed and amount of R0.00. The statement of account still reflects R-14 000. Am I getting a refund or am I not getting anything?

Rental income - offsetting expenses for tax purposes?

  Written by Marc   Posted 8 October 2013

We only managed to get our first tenant from 1 October. Do we accrue only the expenses - interest on bond, levies, rates, etc. - from 1 October, or for the entire financial year?

What is the tax on performance bonus?

  Written by Marc   Posted 8 October 2013

If I earn R20 000 per month and receive a performance bonus of R10 000, how will my tax be calculated?

Resubmitting of tax?

  Written by Marc   Posted 8 October 2013

I sub-letted my SARS tax return about 4 weeks ago can I resubmit .

Personal tax of small business owners?

  Written by Marc   Posted 7 October 2013

Hi Tim. I have a trading business registered as a Pty Ltd that I started this year. The company only makes enough to cover its costs as it is still in its startup phase. I do not pay myself a salary as I do not have much in the way of living expenses. How would I treat my personal tax return?

Can I claim back expenses against PAYE that relate to an income I have not yet received?

  Written by Marc   Posted 7 October 2013

Thank you very much making this forum available to us.
I work as a salaried software developer 160 hours a month, I earn a salary and pay PAYE. I also work at home doing work for a client. I will only be able to collect an income from the client after the system I'm developing is complete, which will probably be in around 8 months, this is simply the nature of the business. I'd like to know if I am entitled to claim any expenses that I am currently paying to support the work I'm doing for...

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Is epilepsy considered a disability?

  Written by Marc   Posted 7 October 2013

I've been told that Epilepsy is classified as a disability. Please advise if I should reflect this on my return?

What is the periods in the year of assesment and the number of periods worked ?

  Written by Marc   Posted 7 October 2013

How would you determine the Periods in the year of assessment and the number of periods worked if this amount is not stated. However the period that the individual was employed from is the 1 March 2012 - 28 February 2013.

What is an IRP3?

  Written by Marc   Posted 7 October 2013

What is an IRP3

I need to know what type of tax return I should do and why?

  Written by Marc   Posted 7 October 2013

I need to do my income tax returns but I am unsure weather I should do provisional Tax returns IRP6 or ITR12. I am Member and Director in multiple companies and CC's. I however only received income from 1 company in the form of a salary and then rent that I receive from 1 house that I own in my personal name.

I do not receive any other income from the various companies.

Closing date for 2013 ITR12 income tax return submission?

  Written by Marc   Posted 4 October 2013

When is the closing date for submitting personal tax documents?

Can a person pay both employees tax and provisional tax?

  Written by Marc   Posted 3 October 2013

Can you pay both provisional tax and employees tax if you are a salaried employee who also has his own small business?

I need to find my tax number?

  Written by Marc   Posted 3 October 2013

How do I find my tax number?

How to read original and additional assessment from SARS.

  Written by Marc   Posted 2 October 2013

I was employed in South Africa from Jan'2011 till 1st Aug'2013 (relocated to USA). I have filed my tax in 2011 and 2012.

Now I filed my tax return for 2013 through eFiling with all supporting documents. Post submission, I got an original assessment which showed me a credit of (ZAR -37,000); however it was also selected for audit and today after a month, there is another version of IT34 uploaded which shows an amount of (ZAR 820) which I need to pay to SARS. They have also mentioned that this IT34 doesn't show any amount calculated in previous assessment and that my statement balance is now (ZAR 37000 - ZAR 820 = 36,180)....

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Confused as to how I should register my business?

  Written by Marc   Posted 2 October 2013

I am stuck as to what type of business to open. Whether a close corpration or company? I have seen that the close corporation has been discontinued. Is there another option for a small business?

Recouping Tax Deductions From Previous Tax Year?

  Written by Marc   Posted 2 October 2013

Is it possible to claim a deduction for tax in the following tax year which you have incurred in the previous tax year?

Can lodge an objection if I think my filing was incorrect?

  Written by Marc   Posted 2 October 2013

If I completed my eFiling, and received a payout can I request a amendment as I think I filed my tax incorrectly.

How do I work out my taxable income from my salary slip?

  Written by Marc   Posted 1 October 2013

I started earning extra wages outside of my salary in February 2013 and so I have registered for provisional tax. On my IRP6 I need to fill in my gross turnover(which I understand to be my gross salary other income including my rental earnings, wages earned and interest on investments) and then my estimated taxable income (which I understand to be my gross turnover minus my costs, retirement annuity contributions and my pension contributions). How do I work out the taxable portion of my salary ...

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Should a person over 65 pay tax on a pension from a late spouse's place of employment?

  Written by Marc   Posted 30 September 2013

If an old lady who is over the age of 65 is still earning a salary, but gets a pension from her dead husband's place of work. Should her current employer reflect that income on her taxable income?

Tax on interns

  Written by Marc   Posted 30 September 2013

I'm in a w&r SETA internship. I earn 3000 a month and would like to know if interns also get taxed?

Commission earners and staying up to date on what you can claim and what portions

  Written by Marc   Posted 26 September 2013

Hey TimI am back and this year I have subscribed to your service so I'm looking forward to easy filing!I do have a couple of questions, keeping it high level, as I earn the majority of my income on commission and spend quite a lot of my own income in making that possible. I'll just dive right in:A.) Can I claim depreciation on my 1.) Car and 2.) Scooter - how do I calculate that and where do I put that on my return if I can?B.) Can I claim insurance expenses on 1.) My Home Office and 2...

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Do SARS have the right to dictate where my refund is paid out?

  Written by Marc   Posted 26 September 2013

I went to verify my bank details at a SARS office only to find I have a third party bank account and I quote from SARS website "A third party account is an account where there is a main member but a secondary member has signing authority. No change of banking details will be allowed by a third party. If the secondary member is the taxpayer to whom a refund is due, he/she will have to open his/her individual bank account."
I have a problem with this. I closed my personal account to avoid du...

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