May I deduct medical aid contributions as a non-principal member

  Written by Alicia   Posted 10 June 2016

I am listed am listed as a dependent on Discovery health with my wife as the principal member. However I pay the contributions for my wife, my son and myself. She doesn't earn an income and is therefore not liable to pay tax. The tax certificate from Discovery is in her name, can I claim the medical expenses and premiums as medical deductions on my IT12. I reference these articles and would like to know if the information in these is still valid as at June 2016

1) South African Institute of Accounting Professionals article from 2012:...

Read more →

Vat for services received and rendered in Botswana

  Written by Alicia   Posted 10 June 2016

We a South African company providing a service in Botswana for South Africans. When invoicing our customers do I invoice with vat?
Can I claim input vat for expenses incurred in Botswana? Botswana vat is at 15%..

How do i claim travel expenses if I used 2 cars

  Written by Alicia   Posted 10 June 2016

I moved from one employer last year at the end of November. I used a company car, on which I attracted fringe benefit tax. In December 2015 I started with another company, and received a car allowance. I am able to claim business km's for which I am reimbursed at a rate of R3. 29 p/km (subject to monthly logbook submissions). What are my likely tax implications for this filing season based on this, and will I able to file in way to accommodate both scenarios?

Tax free lump sum portion

  Written by Alicia   Posted 10 June 2016

I am 53. Recently divorced. While married we contributed to a provident fund which was handed over to Investec for management after my first husband stopped working. But he did not implement retirement He took a sum of 570 000 from his provident and paid 18 percent tax on that. Now that he has implemented retirement we both wanted to claim the 500 000 lump sum tax free that we were promised by our financial advisors. I cannot get my bit because I am under age and he cannot get his 500 000 tax f...

Read more →

Tax on backpay

  Written by Alicia   Posted 10 June 2016

Im supposed to get a back pay at the end of June owed to me from September 2016. The total amount im expecting is 63000 before tax. Exactly how much will I be taxed?

Rebates for both primary and secondary tax payers

  Written by Alicia   Posted 10 June 2016

Require amount of rebate (primary,secondary,and Tertiary) for 2/2017

Am I able get a tax refund?

  Written by Alicia   Posted 9 June 2016

How do I know if I qualify for my tax return

Claim for home office expenses

  Written by Alicia   Posted 9 June 2016

I work from home 3 days a week, I converted one of my bedrooms in a study, put a telephone line in with extra internet. I use my printer etc for work but I'm not compensated by my work for this. Can I claim some of my costs on my tax return?

Tax refund on withdrawal of pension lump sum

  Written by Alicia   Posted 8 June 2016

Hi do you get your tax back when you resigned after they deducted your money from your pension funds.

Health insurance deductable?

  Written by Alicia   Posted 7 June 2016

How Do I Report My Health Insurance On my Tax tax return?

How to calculate travel expenses?

  Written by Alicia   Posted 7 June 2016

I will be claiming tax back on travel for business use for the first time. I have maintained a logbook since starting my new job in the middle of the current tax year 2015/16. Please advise what the "fixed cost" is, and how I can calculate what tax rebate I should expect to receive from SARS in July.

Multiple IRP5's received for one tax year

  Written by Alicia   Posted 7 June 2016

I received two IRP5. The second is for the Lump Sum I received after retrenchment, however no tax was deducted. I tax directive number was provided. Should I enter the information as well when submitting my tax?

Tax implications if one receive a subsistence allowance

  Written by Alicia   Posted 7 June 2016

We travel for work purposes, and are considering getting a daily allowance paid instead of submitting our expenses. What is the amount allowed per day / other amounts subsistence amounts, and are there tax repercussions on this method.

How to confirm foreign banking details with SARS

  Written by Alicia   Posted 6 June 2016

Hi, Could you please let me know the procedure to confirm my Indian Bank Details. I am an Indian Citizen and working in South Africa in Work Permit. I would like to register my Indian Bank Details for tax refund. Please guide me on the 1. Fees, 2. Documents Required

And also, I would like to know the pricing for tax filing for this year.

Tax refund on a contract position

  Written by Alicia   Posted 5 June 2016

I worked for a company from end of May 2015 to end of September 2015 on a maternity leave contract basis. The gross of this contract was over R33 000. Can I claim tax return on this and if so, do I get a payout?

Tax deductibility of vehicle lease payments for independent contractors

  Written by Alicia   Posted 3 June 2016

I am an independent contractor. I do not earn any salary. I currently have a vehicle on which I claim a travel deduction. My vehicle requires replacement. I would like to know if I can claim lease payments as a tax deductible expense should I lease a new car. I have not come across any prohibition on the SARS website. This surely is in the production of income as without a car I would not be able to carry out any work at all.

I am married in community of property, how will I be taxed on an investment?

  Written by Alicia   Posted 3 June 2016

How will I be taxed as I am now retired an have invested the money and draw monthly interest we are married COP monthly 13k

Medical aid tax deduction

  Written by Alicia   Posted 3 June 2016

If I,m a beneficiary on my partners medical aid can I claim medical aid as a tax deduction?
I pay the money into his account and then the medical aid debits his account?

Is GAP cover tax deductable?

  Written by Alicia   Posted 2 June 2016

Can an individual claim gap cover contributions on their tax return?

Information on out of pocket medical expenses

  Written by Alicia   Posted 2 June 2016

What expenses be covered as out of pocket medical expenses. Can the vitamins, extra supplements, liposuction, any cosmetic surgeries be covered under such expenses be claimed

Can one claim Uber back as travel expense for a business

  Written by Alicia   Posted 2 June 2016

As a freelancer, can I use my Uber receipts as mileage for work?

Which proof of expenses should I hold onto?

  Written by Alicia   Posted 2 June 2016

Which receipts should I take a picture of?
Or, which expenses should I note down in preparation for tax time?

Is dental insurance tax deductible

  Written by Alicia   Posted 1 June 2016

Is dental risk insurance a tax deductible

Members loan

  Written by Alicia   Posted 1 June 2016

I have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan account is interest free. What are the tax implications for my company and my personal tax? and how should I declare it on my tax returns.

Allowable tax deductions when building a personal residence

  Written by Alicia   Posted 1 June 2016

I have purchased a plot in 2015 and built a house. Are there any amounts in the purchase procedure and the building process that are tax deductible and are bad debts incurred during building deductible
Older posts →← Newer posts    7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27