What are the allowable retirement annuity deductions?

  Written by Marc   Posted 29 January 2013

With regards to current year dedcutable amounts allowed, what is the 'amount b/f from previous year' and 'amount c/f to following year' (how are they calculated on a tax assessment?)

Will you be providing a return for the IT34 for submission to SARS?

  Written by Marc   Posted 29 January 2013

The ITR12 is not the only SARS tax form that needs completion, there is the IT34 final assessment that also needs completion.

How do I get my IT3b and IT3c forms?

  Written by Marc   Posted 29 January 2013

How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.

Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?

If they are sent automatically, when should...

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emloyment tax compliant

  Written by Marc   Posted 29 January 2013

I am employed by a new company from 1 April 2012, after i resigned from the Dept of Defence, so i did not receive my tax IRP5 to comply for 2012,how do i go about complying for 2012 tax compliant.

Please assis

Work over Internet and want to pay taxes! How?

  Written by Marc   Posted 28 January 2013

For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...

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Can I claim back on RA contributions if my business is the payer?

  Written by Marc   Posted 28 January 2013

I'm self employed, I have a retirement annuity but my premiums are paid through the business.

I live in South Africa, but working for a offshore company.

  Written by Marc   Posted 28 January 2013

I live in south africa, but working for a offshore company. They pay me a salary/package, but do not deduct any paye/tax from me. I need to sort this out myself with sars from within South Africa

What is the process that I need to follow?

Please can you advise on how to complete medical expenses including disability on 2012 ITR12?

  Written by Marc   Posted 27 January 2013

I would really appreciate your advice on completing the medical expenses section on the 2012 ITR12.

We have large amount of both disability expenses and other medical expenses NOT paid by medical aid and am not sure how to complete the Medical Deductions section on the ITR12.
The certificate from the medical aid shows an amount not paid by them - where do I put this amount? Is it code 4020?

Do I need to split the other medical expenses incurred and not paid by the medical aid, into disability and other and show them separately, ie disability 4023 and other added to 4020?...

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How to calculate an asset depreciation calculation?

  Written by Marc   Posted 27 January 2013

1. Is it possible to claim for depreciation for individually-purchased PC components? For example, if I purchased a monitor separately, or custom-built a PC (HDD, RAM, CPU, etc.). If so, would I use the "Computers: Personal" asset type when performing the calculations?2. If an asset is used for work non-exclusively, would I simply claim a percentage of the depreciation? For example, if a monitor cost R3000 and the deductable amount was R900 for the tax year, but I used it only 80% of t...

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Am I entitled to claim home office expenses?

  Written by Marc   Posted 27 January 2013

- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")

The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...

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What can you claim if you earn commission?

  Written by Marc   Posted 27 January 2013

I earn a salary but more than 50% of my income is commission, what can I claim back?

Ho much tax do I have to pay?

  Written by Marc   Posted 25 January 2013

I work as a facilitator I pay tax but not sure how much and how they calculate it. How much tax do I have to pay p/m if I earn R13 000?

What is tax on a pension fund withdrawal?

  Written by Marc   Posted 25 January 2013

I resigned from my previous employer on the 28th Fevruary 2012 and got paid a pension lump sum in April 2012. The lump sum was taxed at 18% (witheld by the pension administrator). I got employed in August 2012 and I am on a new pension fund and paying PAYE normally. For my 2013 tax return, will SARS refund me the tax the deducted for me cashing out the pension lump sum?

Are these tax-deductible medical expenses?

  Written by Marc   Posted 24 January 2013

1. Eyeglasses (frames & lenses) and the preceding eye test at Spec-Savers.-- If so, would this fall under "impairment" or general medical expenditure?-- If you then purchase new frames & lenses, is it again tax-deductible?2. "Cosmetic" surgery (the removal of moles, to be more specific).

Can I have two tax numbers?

  Written by Marc   Posted 24 January 2013

I have been working for a company from July 2007 - up to date. Another company also want me to help them out. Can I use the same Tax Number and how do we work out the Tax?

Timing of additional tax rebate on attaining age 65, how does it get calculated?

  Written by Marc   Posted 24 January 2013

I turn age 65 in August this year. Will I receive the additional "over 65" tax rebate (currently R 6 390) for the full 2013/14 tax year or will this be pro-rated from the month after I turn 65 (ie September 2013)?

Completely new to this, should I be paying tax at 22?

  Written by Marc   Posted 24 January 2013

I am in a pretty unique situation. I am 21 years old, I study through UNISA and have 2 real jobs during the week- both aupair positions.

I earn R3 000 from one and R6 500 from the other, I also get an additional R1 000 from my parents. My employer from the R6 500 job,has indicted that she has already registered me for PAYE, but doesn't deduct it from my salary as I fall below threshold.

Is there any other tax I should be registered for? if so, what tax and how do I go about...

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overdue tax

  Written by Marc   Posted 24 January 2013

Can you help with overdue tax returns from 2006? Are there any other costs involved?

When claiming depreciation on a vehicle can you also claim the repayments?

  Written by Marc   Posted 23 January 2013

I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?

Thanks

I have not submitted the August return, do I send 2 in February?

  Written by Marc   Posted 23 January 2013

My tax consultant only now told me as a provisional taxpayer I should have done a return for 2012/2013 tax year in August and a second one in February. It is now late January - so do I send in two returns or just one?

Employer letter - Why home office should be allowed as a deduction (commission earners)?

  Written by Marc   Posted 23 January 2013

I am the financial manager of an insurance company and one of the employees has asked me to prepare a letter as requested by SARS. The letter is to motivate as to why the home office of the employee should be allowed as a deduction.

I would like to know what I need to include in the letter to make sure that the information is 100%.

SARS lump 2 salaries together, a full time and a part-time salary.

  Written by Marc   Posted 22 January 2013

My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice. SARS has add the two salaries. Now my wife must pay R17 000. Her part time salary is about R5 000 or less a month. PAYE of R3438.75 has been deducted from the period 01/01/2012 to period 28/02/2012. Annual PAYE deduction tables dated 2011.03.01, shows that PAYE of R3438.75 falls between an annual salary of R78 840-R78 889. I have a feel...

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How to get a tax refund?

  Written by Marc   Posted 22 January 2013

I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that?

I registerd with sars eFiling and got an sms that says thank you for registering with SARS, what now

  Written by Marc   Posted 22 January 2013

I received an sms after registering with SARS eFiling that a statement of account has been issued on SARS eFiling for period 2012/07/18 too 2013/01/18. what does it mean. will i get a refund. I got the sms on Friday the 18 January and how long will it take for me to get a refund?

Supporting documents - what if they are not submitted on time? I uploaded and forgot to submit?

  Written by Marc   Posted 21 January 2013

Hi Tim, great website and good gen. SARS phoned me asking for a schedule of my deductions. I uploaded it and forgot to click on 'submit', then received a second assessment disallowing the deductions - probably because I didn't submit the document.

What do you suggest? If I lodge a notice of objection, will they allow the late submission of the document? How much should I explain to them - fall on their mercy regarding my mistake, or just assert that I am entitled to the deductions? <...

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