How does TaxTim submit my returns. I have my own eFiling profile

  Written by Marc   Posted 24 June 2015

How does TaxTim submit my returns. I have my own eFiling profile?

What is the tax charge on provident funds?

  Written by Marc   Posted 24 June 2015

What is the tax charge on provident funds?

How can I calculate tax per 6 months period?

  Written by Marc   Posted 24 June 2015

If my contract is 6 months on a monthly payment of R14500. How much should I be paying for tax?

Tax on income from 2 sources?

  Written by Marc   Posted 23 June 2015

We have an agent selling our products on a commission only basis. We have not formally appointed this person and he receives no fixed salary from us, but he does however receive commission a fixed salary from another company. His income from us makes out about 5% of his total income. Do we have to tax him(We have no directive) or can we pay him out in full, so that he can just submit this info on his IRP5 because the amount he receives is less than 5% of his total income?

Does paying bond, cars, etc fall under investment certificates?

  Written by Marc   Posted 23 June 2015

Hi

I would like clarity on the information available on your website pasted below

• Get your Interest and Investment certificates from the bank and financial houses (IT3b and IT3c) These should have been sent already. Does paying bond, cars, etc fall under the above bullet point?

Is there any claim from your office or any submission of documents ?

  Written by Marc   Posted 23 June 2015

About my deceased husband,do I submit anything to your office after they send me his tax certificate and paying his death lump sum from provident fund?

Refund on my returns

  Written by Marc   Posted 23 June 2015

Last year 2014, I was told that l should pay SARS R1600 and was just trying to see whether will I be paid this year when l submit my returns as I have not paid the money.

Is IVF treatment tax deductible since Medical Aids do not cover this?

  Written by Marc   Posted 23 June 2015

Medical Aids do not pay for Fertilisation clinics. If one has paid large amounts to a fertilisation clinic can this be included in amounts not paid for by your medical scheme?

How do I generate a password?

  Written by Marc   Posted 23 June 2015

What password would I use if someone else has been doing my tax on eFiling?

Remote Working Tax Deductions?

  Written by Marc   Posted 23 June 2015

I work remotely from home in South Africa for a South African registered company, what deductions can I make from my tax returns? Like I may hire a desk at another office, or the cost of setting up my home office, use of my computer for doing my work etc? What of those can be deducted?

Is a director of a company a provisional taxpayer or not?

  Written by Marc   Posted 23 June 2015

Is a director of a company a provisional taxpayer or not?

What is the tax threshold for provident fund payouts?

  Written by Marc   Posted 23 June 2015

I had 2 lump sum payouts ,company shares and provident fund pay,and I was taxed on both occasions, plus I was taxed on PAYE. I'm a bit confused. What is the tax threshold on provident fund and the shares payouts? The total for the lump sum was R200 000

Code for severance for voluntary retrenchment severance pay?

  Written by Marc   Posted 23 June 2015

I have paid a severance amount to an employee that took voluntary retrenchment. What code do I use on the IRP5? The value is not very high, as the person worked for just over a year.

Estimate of services

  Written by Marc   Posted 23 June 2015

Good day Tim. I'm now retired (73yrs old). Please give me an estimate in rands of your services you provide & what documents would I need to send you.

Can I claim tax on Co vehicle and fuel where I do not have a travel allowance?

  Written by Marc   Posted 23 June 2015

Hi TaxTim, I work as a vehicle sales executive, which means I have a company vehicle which I use for both business and personal use. I did keep a log book. On my payslip it is reflected under "taxable perks". "I also paid Vat on Co car" which is showed on my payslip under deductions. I also had a fuel allowance but that is not reflected on my payslip because the company I worked for owns a fuel station and we had "fuel tags". The vehicle was not maintained by me, but I just want to find out if I...

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Tax back on buying property cash?

  Written by Marc   Posted 23 June 2015

Hi I got a pension payout when being divorced, it was taxed before payout, I bought a house cash, will I be able to get something back, I am not working.

Does that once off R500 000.00 tax free still apply for a person younger that 55yrs on retrenchment?

  Written by Marc   Posted 23 June 2015

I just want to find out, is the retirement package taxed the same way as the retrenchment/severance package if the person is not yet at the retirement age but his/her employment was terminated?

Fyling tax for working on comission only

  Written by Marc   Posted 23 June 2015

I am a locum at a private occupational therapy practice!! I am 28 years old and only working for commission!!!! My employee did not register me for tax so I will not receice an IRP5 form but will have to work out my tax on my own!! I have kept all the devices from income for. Each patient that I saw as. Well as. The proof of. Payment into my bank account that was made as the clients made the payments!! It. Is difficult to. Determine a set. Montly income as sometimes the clients will pay a month ...

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Personal tax season 2014/2015 open

  Written by Marc   Posted 23 June 2015

When does the tax season for 2014/2015 for personal tax open?

Loan account with employer - how does the tax work?

  Written by Marc   Posted 23 June 2015

I have a loan with my employer, every month I pay them what I can afford so it differs from month to month, example I earned R20000. 00 this month I allowed them to take a deduction of R7000. 00, therefore they paid me R13000. 00 yet they taxed me on the R20 000. 00. My question is should I be taxed on the R13000. 00 or the R20000. 00 and should my IRP5 reflect the money paid into my bank account (the R13000. 00) or should it reflect the R20000. 00, I am just wondering because I am being taxed o...

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Depreciation on Vehicle?

  Written by Marc   Posted 23 June 2015

I am using my private vehicle for company business. The company is paying me a travel allowance and the fuel for the business part. About 55% of travel is business related. Can I claim depreciation of my vehicle from SARS? What is claimable from SARS for the use of my private vehicle?

Where to find "business code table"?

  Written by Marc   Posted 23 June 2015

Where to find "business code table"?

May I claim for medical services paid for in cash when I have a medical aid?

  Written by Marc   Posted 23 June 2015

Hello - please advise? I am being informed that because I now have a medical aid which is paid for in our own private capacity and not through employers - I am not allowed to further claim for medical expenses paid in cash due to medical aid funds being depleted? Is this correct?

Info for pay arrangements with SARS?

  Written by Marc   Posted 23 June 2015

What must I take with me when I want to make payment arrangements with SARS?

Does sars tax accident fund or bonus?

  Written by Marc   Posted 23 June 2015

Does sars tax accident fund or bonus?
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