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Latest Posts in Tax Q&A

Freelance income on top of salaried employment

  Written by Evan  

My fiancé has full time employment and receives a monthly salary. He did a small freelance job last year which earned him R2000. How do we go about declaring this amount via efiling?

Will I be charged tax on pounds transferred to SA?

  Written by Evan  

I am a South African resident working in the UK. I am currently being paid in pounds into a British bank account. I am self employed and will be paying taxes in the UK. I understand that I am liable to pay SARS the difference in taxes between UK and SA. What I would like to know is how it works with me sending money back to SA? Will I be taxed extra on this money or will it all just be calculated in the tax return on earnings?

I need my tax reference number now

  Written by Evan  

I already have a tax number. But I need it now, and I'm nowhere near SARS. Can I get it as an SMS on my phone?

Travelling expenses independent contractor

  Written by Evan  

I work as a independent contractor through a agency contracted to Nedbank, I am an IT Solutions Architect , my cost to company is R75,000 pm. Can I claim my travel on SARS efiling? It's not set out on my IRP5 with a code for travelling expenses.

Says I don't have to submit a tax return because I earn under R350 000

  Written by Evan  

Says I don't have to submit a tax return because I earn under R350 000. Is this true? Why has SARS changed their mind?

Supporting docs turn around time for approval

  Written by Evan  

Hi,

I submitted my Tax return for 2015 and my SARS calculation showed that I am owed a refund. However I was asked for supporting documents which I submitted. Does SARS give you a confirmation once all documents have been verified? How long does the verification process take?

Provisional tax threshold

  Written by Evan  

Good Morning,

My husband has recently started a business (in June 2015). It is his only source of income. When will he become liable to pay his personal provisional tax, and does he still need to pay if he is earning less than R5000.00 a month? Does he need to register as a provisional taxpayer already?

Thanks

Already paid but cannot continue

  Written by Evan  

I have already paid for subscription but cannot continue as the website asks me to make another payment. Why do I need to make 2 payments if I haven't completed my tax return yet?

How to declare Taxable Local Dividends (code 4238) on tax return

  Written by Evan  

I would like to know where on my tax return (ITR12) should I declare the taxable local dividends (4238). It is from the income tax certificate I received for my unit trusts. The code wasn't on last year's certificate. Both the relevant questions are ticked yes (i. E. 'Did you receive income from interest (local and foreign) and / or taxable foreign dividends?' and 'Did you receive exempt local / and or foreign dividend income?') There is, however, no code 4238 on the inco...



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Medical Expenses for Tax Return

  Written by Evan  

I was on maternity leave for 4 months last year, I only joined a medical aid in August and baby was only covered from October. My whole pregnancy was paid for cash ( +- R60 000 ) I have calculated my return and it is not what I was hoping for. How does medical expenses paid cash work out?

Bursary repayment deduction

  Written by Evan  

I'm am repaying a bursary on a monthly basis. Can I use it as an deduction on my personal income?

Thank you

Will SARS still pay me if I lodged a dispute by mistake?

  Written by Evan  

I accidentally clicked dispute on my statement and now it is asking for documents. Will SARS still pay me if I ignore the dispute?

Tax returns on provident fund

  Written by Evan  

Hi, I would like to know is it possible to claim tax returns on your provident fund that was payed out as a lump sum and where to start?

Deduct medical expense

  Written by Evan  

Can I deduct medical expense I paid myself if don't have medical aid?

Documents required for tax returns at SARS

  Written by Evan  

What do I carry along when I am going to SARS?

Logbook too big to upload?

  Written by Evan  

Hi Tim,
I've been asked by SARS to provide supporting doc's, problem is my logbook is 120 pages via "the Little Logbook" GPS logbook. I know we are limited to 20 pages and 2MB for uploads. Can I submit the 1st and last page showing opening and closing, or should drop all the pages with a SARS office. Thanks!

My registration number

  Written by Evan  

What is my registration number?

Didn't find proof of residence, no proof of address

  Written by Evan  

I want to change an address at SARS and I can't find any proof of address documents such as statements. What an I use to prove my address?

Rental income at a loss

  Written by Evan  

Hi,

I have a apartment that I rent out. The rental income is R5000 which is R350 less that the total expenses
Levies R680
Rates & Taxes R270
Agent Commision R400
Home Loan Interest R4000

Can this loss be deducted from my annual salaried income, and how do I do this ?

I was medical boarded for 11 months and survived with disability grant

  Written by Evan  

I was medical boarded for 11 months. Do I need pay tax whilst depending on grant? Will taxman compensate me during this difficult time?

RA contribution refunds

  Written by Evan  

I have done a calculation of my assessment. I was under the impression I will get all my RA contributions back as a refund but I did not. Is this correct? And my extra medical expenses, where do they go?

Clarity on pension lump sum

  Written by Evan  

I took a lump sum of my pension. Will I get money back?

How to calculate tax return?

  Written by Evan  

How do I work out how much tax I'll collect each year?

Will it be better to pay my own medical aid contributions?

  Written by Marc  

Currently my employer pays for medical aid contribution. Will it be more tax beneficial for me to move from the group and pay it individually? I noticed SARS pays a monthly fee per dependant. Please advise, thank you.

What if the employer keep delaying this matter hence I have a penality impossed?

  Written by Marc  

I have two IRP5s for 2008 that are showing at SARS so SARS asked me to contact my previous employer urgently because I'm owing lot of money already. So the employer is saying that they don't have the records to remove it because that information is on the old software that they don't have anymore. But the will issue a letter that I must take to SARS. I went with that information to SARS but the feedback that I received was it wont help because that record stays on my records and has long it stay...



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