Can I claim a tax refund for prior years?

Posted 4 April 2016

I have started working in 2006, but I never claimed a tax refund. Is possible for me to claim for all those years?

Income Protection Policy deduction

Posted 4 April 2016

I have a 'Life cover' policy with Old Mutual that pays out the same value as the assurance value under 'Earning ability cover' section of the policy. Can I claim this as income protection from SARS? Old Mutual has not issued me with a tax certificate for this policy. Many thanks

Please clarify if I can get a tax directive and how they work

Posted 4 April 2016

My estimated gross income R670 114. 00
My estimated expenditure R306 081. 00
Estimated taxable income R364 033. 00
Please show me the calculations to get a tax directive of 20%

PAYE on show on payslip, do I still register?

Posted 4 April 2016

My Payslip shows PAYE with amount of tax deducted - do I still need to register to get a tax number.

Section 10(1)o - successive tax years and overlapping 12 month periods

Posted 4 April 2016

Hi Tim,

When working successive years out of SA on a rotation basis (regular travel to and from SA) am I able to overlap my 12 month periods I use when calculating the days worked out of SA?

Section 10(1)o makes mention of the 183 and 60 day periods being part of any 12 month period which may start or end in the financial year in question. There is no mention of not using periods 'twice' ie If I do a 60 day period out of SA in June and July 2015 I could use this sti...

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Is leave payout taxable?

Posted 31 March 2016

This is regarding Leave Encashment. Is it taxable in South Africa? If yes, what is the percentage of tax deduction? If it is taxable, how can we get a refund?

What are wear and tear deductions on laptop and car?

Posted 31 March 2016

I use my car to go to and from work. I bought the car in 2015. Can I use this as a deduction on my next tax return? I also use my personal Laptop for work, all day everyday, bought it about 2 years ago, can I also get a deduction on this?

What expenses can be deducted when renting out my short term holiday cottage?

Posted 31 March 2016

What expenses can be deducted from tax for renting out a cottage on my property as short term holiday rentals through Airbnb etc?

RA Claim for British citizen who is emigrating

Posted 31 March 2016

When a British Citizen leaves South Africa for good after paying a RA for many years, what is the process of getting the money back and out the country.

Do I need to keep a logbook?

Posted 31 March 2016

My monthly salary is split up into salary and travel allowance. Therefore my PAYE is calculated accordingly. The company pays for all my petrol, whether business or private. Do I still keep a logbook and can I still submit a claim?

Why aren't I getting tax rebates on all my work expenses?

Posted 31 March 2016

I contract for a UK based company and and paid in Rands each month - a salary, and all my expenses. Currently I pay a tax person in SA to do my tax (I am paid in full and then it's my responsibility to sort my tax out), however I haven't received any rebates from SARS for 3 years despite all my expenses, including travel, office rental, parking (all business related). Wondering if you can help? Would TaxTim be able to deal with my provisional tax?

Business mileage when working from home

Posted 31 March 2016

I am employed as a service engineer, receive a travel allowance and own my own vehicle. Our company is embarking on a work from home initiative where we will no longer have to come to the company offices every day before going out to see clients and repair equipment. In this new scenario where my administrative work would take place at home and I drive directly to my first client, then to the next etc before eturning home, what would be counted as business mileage and what as private?

Wear and Tear claim for home office equipment for sole proprietor

Posted 31 March 2016

Can a sole proprietor claim wear and tear on home office furniture, equipment, computers? What is the allowance?

How best to "structure" freelance income?

Posted 30 March 2016

I work full time, earning a salary and paying PAYE tax. Through the year I have some projects that enable me to generate some extra income. However, if I just do this as an individual, I incur additional income tax at my marginal rate. Is there a way to structure "freelance" work and projects (in something like a company?) so that I can pay less income tax whilst still abiding the law?

Do students in a learnership pay tax?

Posted 30 March 2016

I'm in a learnership. I get paid R3,120 plus R1,500 accommodation. The total is R4,620 per month. Do I pay tax?

Provident fund taxable fringe benefit

Posted 30 March 2016

When I captured the details of the monthly salary expense it calculated the following:
Gross salary: R16 772. 83
Included in gross salary is R1 500 provident fund contribution by the employer. Net salary calculated was R13 500. The provident fund contribution is a taxable fringe benefit from 1 March 2016, however, where was it taxed?

How to file a nil tax return for a business?

Posted 30 March 2016

How does an individual who hasn't worked for anyone and has no source of income - but yet has a registered business and is not currently trading - declare their zero tax return to SARS?

SME Tax

Posted 30 March 2016

Do you also do small business tax? How much would cost for a small business tax? can I hire my unemployed family and friends and deduct their salaries from my revenues? And what would constitute proof of employment of these friends to SARS?

Never claim tax refund since 2006 untill now can I claim for all those years

Posted 29 March 2016

I have started working in 2006 but I never claim tax refund is possible for me to claim for all those years?

Am I liable for paying tax on foreign monetary gift?

Posted 29 March 2016

I have been receiving a monthly monetary gift from my ex boyfriend who lives and works in the USA. He is not a South African tax payer and I am. This money is for my living expenses since I resigned my job in SA on his insistence (he had proposed) however our relationship didn't work out and I am in SA without a job or an income.

What are the SARS obligations and benefits for a taxpayer aged 74 years for the 2015/2016 tax year?

Posted 29 March 2016

With regards to your post of 23 July 2012, about retirees aged 65 years and older: have there been any changes since then in SARS requirements for tax returns for the 2015/2016 tax year, or not? What benefits can such a taxpayer expect? What is the taxable threshold for a taxpayer 74 years of age (turning 75 in June 2016)? Where do donations fit into all of this?
1. Main source for living expenses is interest income. 2. Medical aid premium is paid by the retiree in full, in addition to medical expenses which go beyond medical aid benefits. ...

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How to treat RA contributions which are not allowed as a deduction

Posted 29 March 2016

Can the excess amount of retirement contributions which are carried forward to tax years be offset against tax payable on lump sum pension payments?

UAE employment income received 2009 - 2015

Posted 24 March 2016

I was employed by a UAE company from March 2008 to Sept 2015. I did not emigrate to UAE and always had the intention of tax returning to SA. I was never more than 30 days in total in SA when visiting family before I left for UAE again to continue employment. Will my employment income earned for this period be taxable in SA? Where do I include this on my tax returns when completing them for SARS?

If I am a provisional tax payer, do I still pay PAYE?

Posted 24 March 2016

If I am a provisional tax payer, do I still pay PAYE?

Medical Aid query

Posted 24 March 2016

I am the dependent on my boyfriends medical aid. Our medical savings finished early and I paid via eft for all of my xrays, doctors, medicines etc, can I claim that back on tax return, or does it have to be done on his. I have proof of all the payments etc, the accounts however were in his name, but it showed that it was for me.
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