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Travel Allowance Posts in Tax Q&A

Can I claim depreciation on my vehicle

Written by Marc Posted 20 November 2014

Depriciation on my vehicle

Declaring Subsistence Allowance

Written by Marc Posted 20 November 2014

My IRP5 does not have a code for the subsistence allowance I got when travelling oversees.I did not use all of the allowance I was given while on the trip and was told I could keep it.How do I declare this in my income tax return?

Entered profit made but only half of 33% pulls through as deemed income on eFiling?

Written by Marc Posted 19 November 2014

I saw reply re base costs and proceeds but if I enter this on eFiling and ask for calc, my deemed/additional income is only 16% of profit made, I thought 33% will pull through?

Maximum amount under code 3703

Written by Marc Posted 19 November 2014

My company reimbursed me an amount of over R50k on code 3703 (non-taxable reimbursement) for fuel used during the tax year. SARS then moved the full amount to code 3702 (taxable reimbursement) saying that this amount exceeded the max allowable for code 3703 which is R25920 (8000km x R 3.24). They now want me to pay more than R15k in additional taxes. They asked me now to provide an amended IRP5 showing not more that R25920 under code 3702 which I have requested from my employer. Is there anythi...

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Reistoelaag kodes 3701 & 3702 verskil

Written by Marc Posted 18 November 2014

Hallo. Wat is die verskil tussen die reistoelaag kode 3701 & 3702 en wat is die impak daarvan?

Capital Gain Tax for Private Vehicles Used for Business?

Written by Marc Posted 18 November 2014

I have a private vehicle which I use for business purposes.
I receive a travel allowance and also claim deductions on my return, based on the business mileage I do on the vehicle.

If I sell this vehicle, would I calculate capital gain/loss on the sale of the asset to input in my tax return?

Query for Tax Tim Website - want to know what documents to bring along to the internet store before.

Written by Marc Posted 18 November 2014

What documents do I need when asking tim to complete my SARS tax form? IRP5 and anything else ?

What is I dont claim the kilometres travelled but I have a travel allowance?

Written by Marc Posted 18 November 2014

what if I have travel allowance and I don't claim the kilometres I traveled?

Can I claim back any of the tax I pay on my house now that I work from home?

Written by Marc Posted 18 November 2014

I have recently changed jobs and now I telecommute... that is, I work from my home in Cape Town even though the company I work for is based in Johannesburg. I am using my own office space, as well as my own internet connection for work purposes (though I get a modest monthly allowance for internet usage). Am I able to claim back any of the municipal rates and taxes that I pay on my home now that I am using it as my place of work?

SARS need documents. What do I do?

Written by Marc Posted 17 November 2014

SARS need documents. What do I do?

Lost logbook what to do as SARS requires it?

Written by Marc Posted 16 November 2014

I have lost a log book and SARS need me to submit it. what should I do, it is for this tax season?

Tavel Expenses no Allowance

Written by Marc Posted 15 November 2014

As a commission earner with no allowance I have travelled about 15 000 km what method do you suggest I must use to claim the fixed method of R 3.24 per km or what else

WHAT ARE DEDUCTIBLE EXPENSES FOR SELF-EMPLOYED SURGEONS

Written by Marc Posted 15 November 2014

I am a self-employed surgeon in the private sector. My business is my primary source
of income with most expenses [ including the astronomical amount for my insurance!] being
covered by it.

How do I fill in my tax return? What can my deductible expenses be? I travel to congresses
regularly and cover most of those expenses on my own.

When I was employed in the state sector it was much easier with my IRP5 Form.

Wear and tear and petrol claim on my ITR12?

Written by Marc Posted 12 November 2014

Can I claim for wear and tear on my vehicle even though I am an employee and work at the office from 9 to 5 daily? Can I also claim for petrol and if so how would I calculate this?

Depreciation/Wear and Tear

Written by Marc Posted 12 November 2014

Calculating Depreciation/Wear and Tear (note 47), does it apply to both provisional taxpayer and regular taxpayer ?Under which conditions can you claim for it ?

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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Reimbirsive travel allowance declaration for income?

Written by Marc Posted 7 November 2014

I would like to if, how do submit for taxable reimbursive travel allowance?

I need to add code 3701 and 3702 to my tax return

Written by Marc Posted 4 November 2014

Please make the below changes before continuing:You can't fill in the Travel Allowance section if your IRP5 incomes list doesn't contain source code 3701 or 3702.It is telling me to fix this but it does not say where I need to go to to correct this

Company taxing employee on company petrol usage?

Written by Marc Posted 4 November 2014

Hi Tim

My husband has started at a new company as a sales exec. He gets company petrol as a benefit and they've issued him with a company petrol card. However now I've noticed that they are adding the petrol useage to his earnings i.e. if his basic is R5000 they are adding R4000 petrol (varies every month) and then taxing him on R9000 gross instead of taxing him on R5000. They then deduct the R5000 off again but he's paying a lot of tax every month because of them adding in the petrol...

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Can I claim for travelling for a disabled person to and from college?

Written by Marc Posted 3 November 2014

I have a daughter who is deaf she has finished Matric at a school for the deaf she now attends a normal colledge because there are no specialised colledges for deaf students.

I understand that I cannot claim for her fees because it is a College however I did put in a claim in 2014 for travelling because she cannot use public transport to commute to college because of her lack of communication and hearing, but my claim was rejected.

I see the tax act uses the word Specialised School but makes no mention for college or university ...

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Incorrect travel reimbursement code on late tax submission which results in taxable income?

Written by Marc Posted 31 October 2014

I recently completed my 2014 tax return and was due a refund. Shortly after I was asked to complete my previous year return. I haven't done it as I was under the impression that I was under the tax threshold (below 250k). Whilst doing the return I noticed my previous employer incorrectly included my travel reimbursement under the wrong code per IRP5 ( they included as non taxable where as it was actually taxable as it was over 8000 km)
As a result I have a large amount now owing to SARS.
Is there any way for me to deduct actual costs for this if I don't have a log book? I do have a basic summary for the bulk of the expense which I presented to the employer for reimbursement....

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Additional Income - is it taxable?

Written by Marc Posted 28 October 2014

I currently earn R12650 R1391.50 shift allowance per month through my company. I will be getting an additional income R8085 from next month separate to my employer.
1. Do I need to declare this additional income?
2. Will this push me into the next tax bracket and what will be my tax amount?
3. How best can take advantage of any tax benefits for this additional income?

PAYE regulation regarding 'unpaid salaries'.

Written by Marc Posted 23 October 2014

As a shareholder/director of a PTY, if I received "unpaid salary" that then accumulates in a loan account, would I still be require to pay PAYE, even if no income as such is received?

Is a verification of assessment notice that assessment have been concluded?

Written by Marc Posted 22 October 2014

I received a Verification of Assessment and it states that refers to a specific tax period. No adjustment has been made to the assessment. Is this to say that the year of assessment can be deemed completed? All documents previously requested was provided etc. Am I not suppose to receive a ITA34?