Is list of local and foreign assets required by SARS, for foreign pensioners in South Africa?

  Written by Marc   Posted 11 November 2014

I am French resident, who retired in South Africa. I receive a pension from France.

My tax consultant says I must complete a document, listing all my local and foriegn assets. Is this correct? and if so, why is this now required?

can a tax payer claim for his umemployed spouse, medical bills?

  Written by Marc   Posted 11 November 2014

Can I claim for my wife's medical bills? she is unemployed, on chronic meds. she is not a member of my medical aid. All bills are my responsibility.

Only pay tax if you earn over R250,000?

  Written by Marc   Posted 11 November 2014

I read of the SARS website that you only need to pay tax if you earn over R250 000 a year?

I am self-employed but my income comes from one source. Would this apply to me?

Tax implications of working in Germany

  Written by Marc   Posted 11 November 2014

I work in Germany, am taxed in Germany (heavily it seems). What are my tax implications in South Africa?
Do we file a return in Germany & South Africa?

My husband has been working in Germany since the beginning of 2013, and myself since March 2014.
We are in Germany for the entire time (visiting SA for maybe 1 month to 6 weeks a year).
We also pay for medical aid, and related German funds (church tax, solidarity tax, retirement taxes, etc)
We both have an Retirement Annuity running in South Africa too. ...

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2 requests to upload supporting documents - is that normal from SARS?

  Written by Marc   Posted 11 November 2014

I filed my tax and claimed for medical expenses - I had an operation I had to pay for privately. I uploaded the invoices upon SARS' request. They called me after about 3 weeks and asked me to further upload the receipts which I have now done. Will it take another 3 weeks for them to review the receipts?

I want to submit my IRP5 for 2014

  Written by Marc   Posted 11 November 2014

How can I submit my tax return for 2014 on line?

What is the tax on a lumpsum amount of R200 000?

  Written by Marc   Posted 11 November 2014

What is the tax on a lumpsum amount of R200 000 if i resigned from my job and got paid from my fund?

Advantages of paying for own medical aid rather than employer's contributions?

  Written by Marc   Posted 11 November 2014

Is there any distinct financial advantage to paying for my medical aid on my own (therefore not involving my employer at all), rather than opting for my employer to contribute a portion (which would form part of my total cost to company)?

In both instances, the Total Cost to Company would stay the same - I understand that the contribution from the employer does not get deducted from the income earned and thus the tax on income earned stays the same, apart from the tax credit for independents. If this is correct, it would seem that the only benefits would be that the employee receives monthly tax credits rather than once per year. ...

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Is it best to keep financial records?

  Written by Marc   Posted 11 November 2014

Do I need financial statements if I'm a sole proprietor?

What is the tax on R1 101 000.00

  Written by Marc   Posted 11 November 2014

What is the % of tax calculation when resigning?

How to get access to an IRP5 form online?

  Written by Marc   Posted 10 November 2014

How to get an IRP5 form online?

Do I use my PAYE no. to submit a Tax Return?

  Written by Marc   Posted 10 November 2014

I have not registered a tax return for the past 15 years.
I receive a pension and have a PAYE number.
Do I need to register with the SARS for my tax Returns or do I use the PAYE no.

Are bank charges deductable wrt interest earned?

  Written by Marc   Posted 10 November 2014

I have a money market account and am charged a monthly fee. Can I deduct this from my gross interest?

What is Section 89 Quat(2)

  Written by Marc   Posted 10 November 2014

What is section 89 quat(2) interest?

What will the tax impl be of transferring property

  Written by Marc   Posted 10 November 2014

I wish to have a property of my parents transferred to myself and the transaction to be concluded using an interest free loan from my parents. I then wish for them to write the loan off annually with the full amount that is allowed by tax, they are married in COP.Will this be possible?The value of the property is R1,5mil - municipal valuationWill there be any additional taxes on such a transaction?

Tax on small businesses?

  Written by Marc   Posted 10 November 2014

What if the Small business has had no profit, can I still claim from SARS

How do I claim the 2013 returns from SARS?

  Written by Marc   Posted 10 November 2014

Submitted 2013 returns this year and found out that SARS owe me a certain amount, how do I claim that amount from SARS?

Is interest from a government taxable?

  Written by Marc   Posted 10 November 2014

Is interest from a government source taxable?

What will happen if I owe SARS and I don't pay for decades?

  Written by Marc   Posted 10 November 2014

What will happen if I owe SARS and I don't pay for decades?

Paying tax working for a partnership.

  Written by Marc   Posted 10 November 2014

I have started a new job where I'm working for partners and they will be paying me R5000 each from their respective accounts. I have not paid tax before but assume I will have to start now. What type of tax do I pay? Colleagues contract themselves to them and pay a provisional tax. Do I pay PAYE of provisional tax?

Manual Audit - what is the time frame and turnaround from SARS?

  Written by Marc   Posted 10 November 2014

I have been selected for a manual audit. How long could this take and what does it involve? I have sent through all documents today.

When to submit provisional tax returns?

  Written by Marc   Posted 10 November 2014

Hi, I have submitted my 2013/2014 ITR12 - have now discovered that I am a provisional taxpayer. So do I have to now complete an IRP6 for the period March to August 2014?

TAX CLEARANCE CERTIFICATE

  Written by Marc   Posted 10 November 2014

FOR A TAX CLEARANCE CERTIFICATE APPLICATION -WHAT TYPE OF REASON FOR GOOD STANDING DO I NEED TO PUT DOWN?MANY THANKSNATASHCA

TAN RETURNS SUBMISSION

  Written by Marc   Posted 10 November 2014

I NEED TO SUBMIT TAX RETURNS

Will SARS give me my tax No. over the phone?

  Written by Marc   Posted 10 November 2014

If I've forgotten my Tax No., will SARS give it to me over the phone?
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