When will I get a refund from SARS?

  Written by Marc   Posted 9 January 2015

I received a letter from SARS saying that I have to verify my banking details for SARS to refund me back my money that was over taxed. I went to the SARS office to verify so when am I going to receive the refund?

Do you pro-rata the threshold for provisional tax?

  Written by Marc   Posted 8 January 2015

I started an allied medical practice in my own name in October 2014. I was not working prior to this. So far, I have collectively earned R22000. By the time the end of this tax year comes, I will not have reached the R70000 threshold. Does this mean that I do not need to submit a provisional return or should the threshold be adjusted pro-rata i.e because I have only worked for 5 months, the threshold would then be R29166?

Calculating fuel expenses for ad hoc freelance work?

  Written by Marc   Posted 8 January 2015

How do I calculate car expenses for ad hoc freelance work? As an employee I'm reimbursed at the SARS rate for travel and it is recorded on my IRP5. But as a freelancer doing a couple of ad hoc jobs over the course of a year, whilst still being employed elsewhere, how do I calculate the expense per km, and what documentation/records do I need to keep?

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly?

  Written by Marc   Posted 8 January 2015

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly pay?

Calculation of 183 days outside South Africa for income tax exemption as per Section 10 (1)(o)(ii)

  Written by Marc   Posted 8 January 2015

Can the entry and exit dates as per the South African Passport Control stamp in you passport be used as the entry and exit days (both days included) to calculate the 183 days outside South Africa for foreign salary income tax exemption, as per Section 10 (1)(o)(ii) for example: depart from South Africa the morning of 1 January 2015, passport stamped as "exit" by South African Passport Control and enter South Africa again on afternoon 10 January 2015, passport stamped as "entry". So days outside ...

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Can I claim medical expenses for myself and my two children if my husband pays medical aid for us?

  Written by Marc   Posted 7 January 2015

I am married out of community of property. My husband pays medical aid for me and our two children. The medical aid is only a hospital plan so does not cover day to day doctors and dentist bills. I pay for the doctors and dentist bills for me and my two children. Can I claim these as a medical expense?

Filing elegibility

  Written by Marc   Posted 7 January 2015

I had a question about weather I need to file a tax return for 2014. I have lived outside of SA for 15 years and completed financial emigration last year when I closed a retirement annuity. The amt I received was very small (under R25 000). I did not receive/earn any other income. I did not pay tax on the amt I received as it was below the threshold. I still need to deactivate my tax number. Could you please let me know if it is necessary to file a SARS return for 2014. Thanks!

Funds transfers and tax liability?

  Written by Marc   Posted 7 January 2015

We came to SA in 1976 with permanent residency we left in 1999. We returned in 2012 thinking we still had permanent residency bringing our savings with us. We subsequently found that we had to reapply for permanent residency as it had expired. We are here on relatives visa but want to return to UK. How does that affect transferring our saving back to UK we are pensioners and have only received UK pensions and paid tax on that at source. We have received interest on savings @ 3.5% per annum.

Do I need to register for tax?

  Written by Marc   Posted 7 January 2015

Hi, I am a Student with a part time job at a bar, I was promoted to manager and am currently earning R8500 per month do I need to register for tax?

Do I need a tax number?

  Written by Marc   Posted 7 January 2015

My friend he got new Job he need tax number the problem. He is fare from SARS house he is in Belabela now?

Depreciation calculation on low value asset

  Written by Marc   Posted 6 January 2015

I have been audited by SARS and they need a depreciation calculation for a low value assets (cell phone) that I used to conduct business for my employer. Please send me the calculation as I cannot retrieve it from my tax return that I did with you.

Medical scheme fee tax credit is greyed out and no credit amount reflex on IRP6.

  Written by Marc   Posted 6 January 2015

On the provisional tax for individuals 2nd period 2015 the the medical scheme fee tax credit is greyed out and no credit amount reflex in this column on the IRP6. On the first period this was correct for two people with an amount of R6168.00 was filled in. After various calls S.A.R.S they cannot give me a reason and for a month have not come back to me with any answers.

Getting a Salary vs Invoicing the Company?

  Written by Marc   Posted 6 January 2015

Good day. I was wondering if TaxTim could help me with a query relating to my salary at my new job.

The owner prefers me to invoice him for my services at the end of the month. My question relates to what the tax implications will be with this? The remuneration is R120K per year and will be paid monthly.

Does this require me to act like a small business? And is the tax payable more or less in this case?

Thanks for your time

Possible change in provident fund laws?

  Written by Marc   Posted 6 January 2015

If I want to take out my provident fund in April 2015, will I be able to take out the full amount?

What does a risk assessment entail and when will I receive my money. I am a pensioner

  Written by Marc   Posted 6 January 2015

I did my return at the Roodepoort offices of SARS where all the details were input by a lady at SARS because I could not get my various certificates to 'pull through'. The lady handed me an ITA34 and said she was surprised that I was not selected for audit. The ITA34 shows SARS owes me R1 000 odd. This is now outstanding since 22 November and when I query this, I am told that this is due to a risk assessment being done by SARS. The first time I queried this I was told it would take 90 days t...

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Missed 3 years of returns and want to correct it?

  Written by Marc   Posted 5 January 2015

I missed years 2011, 2012 and 2013 tax returns, am I able to submit them still?
I have been unemployed since 2010, and have done a 'zero' tax return for 2010, 2011 and 2014.
Or shall I just leave it?

Settled business/private car tax allocation

  Written by Marc   Posted 5 January 2015

I have paid off/settled my car 4 years in advance that I use for business and private purposes. So far I've kept track of km for each and apply that percentage to my monthly installment as business expence. But how to go now about with the settled amount paid? What percentage must I use to allocate for tax purposes?

Can I invoice my employer as if I were a consultant instead of being an employee and paying PAYE?

  Written by Marc   Posted 5 January 2015

The question, I am employed by a company full time to which I fall in the 38% tax bracket and would like to figure a way out to pay less tax especially when I get paid commission over above my salary.
My company is open to the idea that I open a 'consulting' company to which I then invoice my employer as if I am not employed by them.

Is this possible and what are the implications of this approach?

Will I receive 100% of the value of a charitable donation back as a tax-refund?

  Written by Marc   Posted 5 January 2015

I understand that I can claim deductions for charitable donations to a registered PBO (with a section 18A certificate) up to 10% of my taxable income. I am wondering whether I will receive the full value of my donation back with my tax refund or only a portion of it. I like the idea of donating up to 10% of my taxable income, as I will have a say in where it goes. However, this will be a sizeable portion of my income and can only do this if I'm sure of receiving the income back in my tax refund.

Medical Expenses when not belonging to a medical aid?

  Written by Marc   Posted 5 January 2015

I am on my wife's medical aid. June' 14 our funds in our medical savings account ran out. Since then I have been paying cash for prescription medication and various tests, etc. Can I claim the out of pocket medical expenses from SARS as it amounts to almost R 18k.

How do I pay small business tax?

  Written by Marc   Posted 5 January 2015

I've just registered (jan 2015)my small business no serious and amount has been made yet, but we have up coming projects. Its an events company should I register it with SARS or as I read after it has made a million??

Question 2: I have 2 employees that requested payslips, how do I P.A.Y.E since I don't have a PAYE number? Or did CIPC informed SARS about the company?

What is my Gross salary is my Net salary is R10 000,00? (+UIF & PAYE)

  Written by Marc   Posted 31 December 2014

My NET salary is exactly R10 000,00. What would my gross salary be? ( UIF & PAYE)

Provisional Taxpayer or not?

  Written by Marc   Posted 29 December 2014

Im currently working for a employer whom pays my salary monthly along with benefits such as Vehicle, Cell Phone, Medical and UIF/Pension. I'm also a partner in a small business that doesn't return large amounts, largest would be R60 000.00 per annual however would be paid out as a salary and also taxed. Would I therefore fall under a provisional tax payer or normal? Noting again that the income gained from the business is paid as a salary over the year and has its own taxes on it.

Registering as a SA taxpayer

  Written by Marc   Posted 28 December 2014

Hello Tim!

I'm a foreigner living in SA on a relative visa, with my spouse. I would like to get a business endorsement on my visa.
1. At this stage, do I need to register as an income tax payer only?
2. How long will it take me to get the taxpayer's number from the day of submission?

Please, let me know.

Many thanks!

How much tax will I pay from my resignation benefits?

  Written by Marc   Posted 26 December 2014

I'm an educator resigning January 2015, I worked for 26yrs...my total contribution is 1767035.01...how much will I pay for tax?
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