Do I get a Tax Refund if I change jobs?

  Written by Marc   Posted 17 October 2014

I heard somewhere that if I changed jobs this year or worked for less than 12 months then I might get a tax refund back from SARS.

Is this true? If so, can you explain why?

Closing date for tax returns to be filed with SARS?

  Written by Marc   Posted 16 October 2014

When is the closing date for tax return?

Travel allowance?

  Written by Marc   Posted 16 October 2014

If you have a travel remibursement recorded under code 3702 by your employee do you record that as a travel allowance?

Tax on Forex withdrawals

  Written by Marc   Posted 16 October 2014

I am 21 years old and I have recently started Trading on the Forex Market to try and help finance my studies. I've been trained very well and am doing pretty well on the platform.

The course the I am going to be studying costs R 35 000,00. The thing is I need to withdraw that amount and still keep about R 10 000,00 in the account in order to keep the account 'tradable'. As well as have some money on the side to help me get through the month for petrol and so on and so forth.

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My spouse and 2 sons are at university, can I claim for student fees?

  Written by Marc   Posted 16 October 2014

My spouse and 2 sons are at university, can I claim for student fees?

Am I registered with SARS for an income tax number?

  Written by Marc   Posted 15 October 2014

I would like to know if I'm registered with SARS?

Claim Unpaid tax returns from SARS?

  Written by Marc   Posted 15 October 2014

Will SARS ever pay out my unpaid tax returns. SARS should hold records of my annual tax deductions from my various employment. So how should I claim for what is rightfully mine?

claiming rental expenses against bond (residential)

  Written by Marc   Posted 15 October 2014

Hello Tim,I came across this and would like some advice on whether or not it means I shouldn't claim rental expenses for the space I use for office purposes in my home. I'm still paying the bond towards the property and use one of the rooms as an office. (beware, if you own your home, do not write off a portion of your interest on your bond or rates, as you will lose your primary residence capital gains exemption of R2-million! When you sell your property one day, this would equate to ...

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Do I submit an IRP6 for the sale of a primary property if there is no Cap Gains Tax payable?

  Written by Marc   Posted 15 October 2014

On 3rd October 2014, I received proceeds from the sale of my primary residence. By my calculations, no capital tax is payable. I am registered as a provisional taxpayer, but have not had reason to pay any provisional tax for 5 years. Do I need to submit a provisional tax return on the sale by Feb 2015, or can I wait until I need to submit an ITR12 next year?

Do I get 2009 tax return?

  Written by Marc   Posted 15 October 2014

Do people get tax return from previous years?

Can I see on the calculation if they going to audit me?

  Written by Marc   Posted 15 October 2014

If I do my tax and ask to calculate before I submit it will it show me on the calculation if I they going to audit me?

Can a special needs learning centre be run in the form of a special trust created for the benefit of

  Written by Marc   Posted 14 October 2014

can a special needs learning centre be run in the form of a special trust created for the benefit of an autistic child?

Help for a non-resident of South Africa fill in tax returns?

  Written by Marc   Posted 14 October 2014

I am a non-resident of South Africa because I have been living and working in the UK for the past 2.5 years. I had gotten some (bad!) advice from someone that said that I should continue to fill in my tax return because I have not officially emigrated. He said I should just fill in "0" for income and to state that I am unemployed. I went ahead and did this, but now SARS are asking for additional verification documents. I can still amend my return online. I realise now that I probably d...

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Tax on pension payout?

  Written by Marc   Posted 14 October 2014

I'm expecting a pension payout of R423 970.07. How much tax will I pay on this amount?

In serious need of help and advice please

  Written by Marc   Posted 14 October 2014

Hi,

My previous employer failed to submit my IRP5 in time. I was only issued (after a few months of begging) with a copy of my IRP5. This I sent to my Tax Practitioner, I have been informed that Im being audited via my Tax Practitioner, SARS didn't contact me, can this be? What does it entail? Am I in trouble for a previous employer's negligence? What to do now that the closing date is in November and I still haven't heard / received anything.... what will happen if I miss the c...

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UIF reference number and IRP5 for employee under threshold

  Written by Marc   Posted 13 October 2014

1. Do I need to create an IRP5 certificate for an empoyee that earns under the threshold?2. I am registered for PAYE - and was told I will be automatically registered for UIF. However I cannot add a UIF amount in my IRP5 certificates because it asks for a UIF reference number. Where can I get my UIF reference numberTHANKS so much

is parking fines included in the calculation of travel allowance

  Written by Marc   Posted 13 October 2014

do we include parking fines in the calculation of a traveling allowance

Should you subtract VAT when calculating business expenses?

  Written by Marc   Posted 13 October 2014

I am a non-VAT registered, sole proprietor. When I deduct business expenses i.e. office equipment, phone costs etc. from my income to determine taxable income for the year, should I first subtract the 14% VAT portion of those expenses or am I allowed to "claim" the expense as-is?

For e.g. I buy an office desk for R2000.00 incl. VAT from a shop. Do I factor in R2000.00, or only R1754.39 as an expense?

Does your employer register you for a tax number if you don't have one?

  Written by Marc   Posted 13 October 2014

If u have never been employed and don't have a tax number does your employer register you or do you have to do it yourself?

Tax question?

  Written by Marc   Posted 11 October 2014

Hello there, I recently sold my house and invested the money in interest bearing acc. I have now moved to the Uk. I needed to get tax registered to sell my house. Prior to this I was not working as my partner supported us. I beleive I have to do a tax return. I registered for my tax number online but have not been able to get registered to do a return online as it comes back as incorrect data. I beleive the number was registered at Germiston or Alberton office. Can you register me online for ...

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What are the different payment options on TaxTim?

  Written by Marc   Posted 10 October 2014

explain for me TimLite, TimSmart, TimUltra what is it and the different? I am now stuck on that field

Total not clear about supporting doc

  Written by Marc   Posted 10 October 2014

I tried filling my return on SARS eFiling guess what I got audited, they are asking me of supporting documents the problem is I really do not know how to make them available on my pc as I have papers with me not on my pc...hope i'm making sense?

How do we treat annual exclusion when the taxpayer has made a Capital Loss?

  Written by Marc   Posted 9 October 2014

CGT QUESTIONÏs the taxpayer entitled to annual exclusion if they made a Capital Loss? If Yes, what does the exclusion do to that loss (reduce or increase) ?

Can I claim income protection premiums paid by my employer on my behalf?

  Written by Marc   Posted 9 October 2014

My employer pays income protection premiums on my behalf.Can I still claim this as a deduction on my tax return?

Newbie at efiling and not sure what all status, ITSA and ITA34 meaning are. Have I been audited?

  Written by Marc   Posted 9 October 2014

Hi There,

I just filled by 2014 tax returned through eFiling and got an email from SARS stating I have a notification that needs by attention. This was regarding my 2012 tax return and it still needed to be submitted. I submitted it soon as possible. I received three emails from SARS, the first one stating that statement of account as been issued, ITSA for the period of 2012 - 2014 and the other two emails stating I have a ITA34 notice for 2014 and 2012. I opened these notifications and the only thing stated was the period and - amount...

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