Return submission for tax year 2016

Posted 14 February 2017

My company has a December year end. Do I submit my Dec 2016 financials for the 2016 or 2017 tax year?

Source code for renting out camera gear

Posted 14 February 2017

Looking for the source code for a sole proprietor renting out camera gear, I am trying to apply for turnover tax and the form I'm filling in is asking for a source code?

No IRP6 forms or history on my SARS profile

Posted 13 February 2017

TaxTim helped me fill in my provisional tax return last week but I am not able to actually put in my Provisional Tax information as SARS is not showing my IRP6 tax return for 201702, can you tell

Old returns outstanding

Posted 13 February 2017

I have not submitted a tax return since 2007 as I was under the impression that someone else was doing it for me. How do I go about submitting tax returns from 2007 up to 2017 (10 or 11 years). Will you be able to do this for me?

When do I need to apply for a tax directive?

Posted 13 February 2017

When do you need to apply for a tax directive? I have just been appointed as an estate agent and to date I have yet to receive my first income commission amount. Is it possible for me the apply for a tax directive already?

Tax implications on selling my second property?

Posted 13 February 2017

What will my capital gains tax be if I received a payment of R680 000 upon selling my second property?

Rental income and fixed deposit

Posted 13 February 2017

I have some rental income that I would like to invest monthly in my fixed deposit. Do I pay tax on the rental income and the interest yearly? I am a provincial tax payer which means I have to predict my income?

Late return

Posted 12 February 2017

I misplaced my supporting documents for my 2016 tax return last year, I have since found it but I needed to know if I can still submit my tax form even now that it is late?

Refund or amount due to SARS

Posted 12 February 2017

I have minus signs in front of my refund amount on my transcripts what does this mean?

Awaiting registration verification

Posted 12 February 2017

I opened a SARS eFiling profile but are able to click on the returns option, do you know what I am doing wrong please?

Why does Tax Tim not ask me about Assets and Liabilities?

Posted 10 February 2017

Why does Tax Tim not ask me about Assets and Liabilities if I am a sole trader?

Why did they double tax me?

Posted 10 February 2017

I received an increase of 50% on my salary in January, but the tax on my salary seems to have more than doubled, can you tell me why this is?

Tax on rental accommodation for staff

Posted 10 February 2017

If a farmer supplies residential accommodation to his workers and deduct from their wages an amount of compensation (rent) for the benefit, should he be taxed on the "rental income" he receives?

Can I submit a return?

Posted 10 February 2017

do i qualify for tax refund as a contract administrator?

Travel Claim not allowed by SARS

Posted 10 February 2017

Hi Tim, I received a travel allowance upfront however I do a lot of traveling between two offices and I claim back travel on a monthly basis capped at 1850kms though I travel in excess of 2000kms per month. I've filed my tax return showing both business travel and personal but now SARS says I owe them about R27000. How is that possible when I didn't claim for the excess travel I did, just the capped 1850km. I can follow through their calculation but do not understand why they didn't include busi...

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Business Asset

Posted 10 February 2017

Can a business buy a car from a private person

When do the age related tax rebates kick in?

Posted 9 February 2017

I turn 65 in August 2017. Do I get the 65 year old tax rebate in the tax year ending Feb 2018 or only in the next tax year?

Tax on pension (lump sum) payout

Posted 9 February 2017

I want to resign from my current employer and need to know how much will I be taxed when I get my pension of R61000?

Tax on foreign inheritance.

Posted 9 February 2017

I am to receive foreign inheritance. How much can I bring in? What taxes are applicable? Do I have to furnish proof of where the money comes from?

Negative refund amount on transcripts

Posted 9 February 2017

My refund amount says negative 8602 what does this mean

Supporting documents error

Posted 8 February 2017

If I attached the wrong documents to my return, can I still resubmit the correct documents to SARS?

Unsure about home office calculation

Posted 8 February 2017

My home office is 3m by 4m. I am not sure how to calculate the rates and electricity for the office?

Can I change my declaration if I already submitted the return?

Posted 8 February 2017

I forgot to include my home office rental space, can I resubmit my tax return and add this on eFiling?

Can I claim for medical aid if I didnt pay for it?

Posted 8 February 2017

My son is on my ex husband's medical aid, can I claim the contributions on my return?

CGT and new retirement fund laws

Posted 8 February 2017

Non of the tax calculators include Capital Gains tax
What is the impact of a Capital Gains Tax on the allowable RA deduction?
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