I am full time employee and I have already submitted this current year's tax return. I am a freelancer in my spare time as I started doing online work and earning dollars. What is the tax implications and how do I go about it? Could I claim back on the use of my computer etc.?
I bought a property and am renting it out. I know I have to submit the rental income. Am I also able to submit the expenses (i.e. Transfer / legal cost to obtain the property) levies paid, rates and taxes and electricity for this property?
I did my SARS eFilling tax return through TaxTim and I completed the Travel Expenses Section, 4015, as R72902. I am being audited and I am not quite sure anymore what that amount includes, they only thing I can think of to get to such a high figure would be my car payments per month? Please advise what deductions are allowed under this code and what proof I need to send SARS to support this?
I need to make an international bank transfer into an overseas account one similar to PayPal. The bank is however asking me for my tax number before proceeding, I understand one can take up to R1 million per annum offshore and therefore by asking for the tax number it falls under a purchase/discretionary allowance and not a gift because I am transferring to my own account similar to PayPal. My question is will I be taxed on the purchase if I give my tax number? There is also an optio...
I submitted my tax return and answered yes to having a logbook, I however cant locate it right now and was wondering if I can resubmit my return and just click the No option on the logbook question instead of yes?
I would please like help in calculating my total tax for the year, as I am employed and also a freelancer. Do you just add both income together and then tax a personal income tax percentage for that bracket? Furthermore, I know my employer pay tax monthly but can I also pay tax monthly or should I just reserve the total tax for year-end when I file.