Expenses on rented property

  Written by Evan   Posted 16 July 2015

How do I claim expenses on rented property?

Need to submit tax returns for previous years as British citizen

  Written by Evan   Posted 15 July 2015

I am a British citizen and have been in SA since April 2013. I started work at my sole employer in October 2013 but have only just got around to organising a tax number! How do I go about submitting tax returns for previous years? Am I right in thinking that as I am a foreigner I can't use SARS eFiling?

Retired British national now resident in S.Africa

  Written by Evan   Posted 14 July 2015

Hi, I am a permanent resident in S. Africa since my retirement. The only income I have is my British state pension. Do I need to register with SARS in SA? Thanks.

Income shown on IRP5 for code 3718 vesting of share

  Written by Evan   Posted 13 July 2015

I received some share options from my employer that have vested and have been sold. What amount should be shown on my IRP5 under code 3718? Should the amount be the value of the shares when the shares vested or the value of the share when the shares were sold? In my case the difference in the share price between the vesting date and sale date is over R20000.

3704 Subsistance Allowance

  Written by Evan   Posted 13 July 2015

I received a subsistence allowance (3704). In 2014 I travelled locally for 5 months, I spent about 108 days away from home. How much can I claim in terms of subsistence allowance?

Why a second round of audits is required - why not do an end-to-end audit first time?

  Written by Evan   Posted 13 July 2015

I submitted my tax return on 10 July & a correction on 14 July (simple mistake in 1 line item which had zero financial impact). I received notice that I was being audited & was requested to submit documentation (twice) before 16 days later, on 30 July, receiving confirmation that my account had been finalised (with no changes) & that I would receive settlement within 21 working days. Today, a full 20 days after my account was "finalised", I have received notice of the commencement of a second audit & a request to submit the very documentation that was vetted by SARS 3 weeks ago. ...

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How to prepare statement of personal assets and liabilities for SARS tax return form.

  Written by Evan   Posted 13 July 2015

How do I create/make a personal statement of assets and liabilities for a member of cc or a director. I am told this should indicate all income received by the person and shares, unit trust and other holding he/she may have. As well as all expenses made by the individual RA's Medical Aid and so on.

Where do I fill in source code 4251?

  Written by Evan   Posted 9 July 2015

Where do I fill in source code 4251?

Do I have to pay provisional tax for my company and myself?

  Written by Evan   Posted 8 July 2015

I have paid provisional tax for my small business and taken the profits after tax for personal use. Will I have to pay provisional tax as an individual for that income?

Do I have to declare my Abu Dhabi (UAE) salary to SARS?

  Written by Evan   Posted 7 July 2015

I'm renting my properties and have investments in South Africa. I submit my ITR12 every year and pay tax on the South African income. I also have a residence visa and work in Abu Dhabi (UAE) for a UAE company the past 10 years .I visit South Africa once a year and always stay less than 30 days per year. The tax treaty between South Africa and the UAE is still pending. I also comply to all the provisions of S(10)1(o). I do not pay tax on my UAE income. My question is do I have to declare my Abu D...

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Do I need to declare my foreign salary earned in Abu Dhabi, UAE, when I submit my 2015 ITR12 return?

  Written by Evan   Posted 6 July 2015

I am exclusively resident in the United Arab Emirates and work for an Abu Dhabi based company. In accordance to Section 10(1)(0)(ii) of the Income Tax Act of 1962, I was outside South Africa for a period exceeding 183 full days in aggregate, as well as more than 60 continuous days during the 2014/2015 tax year. I hold a UAE Residence Visa, a Ministry of Labour employment contract as well as a UAE Labour Card which serves as proof that I am a bone fide UAE worker. I annually submit an ITR12 retur...

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Employed Commission Earner and Investor - Where do I stand?

  Written by Evan   Posted 5 July 2015

Hello

I am hoping you can help. A few things:

My retirement annuity reflects as code 3697 on my payslip. Is this normal, does it count the same as 4002?

I receive a car allowance, but my vehicle installments, insurance and petrol costs me more, is there a smarter way of doing this?

More than 50% of my salary was commission from a single employer this year. Can I still claim fuel,l insurance and depreciation although I have a car allowance? What other expenses can I legitimately claim (i.e entertainment, networking meetings etc. ) Can I claim for expenses my company have re-imbursed me for?...

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Treatment of rent with joint ownership

  Written by Evan   Posted 5 July 2015

I am married under COP and I am a housewife. Purchased an investment flat with an inheritance. This is my sole income of R3500 pm. Do I show the rental income under husband's return or do I need to register with SARs and submit my own?

Do I have to declare my Abu Dhabi (UAE) salary to SARS and if so, where in the tax return ITR12 ?

  Written by Evan   Posted 5 July 2015

I have a residence visa and work in Abu Dhabi (UAE) for the past 10 years for a local Abu Dhabi company. I visit South Africa once a year and always stay less than 30 days per year. The tax treaty between South Africa and the UAE is still pending. I also comply to all the provisions of S(10)1(o). Therefore I do not pay tax on my UAE income. My question is. . . Do I have to declare my Abu Dhabi (UAE) salary to SARS and if yes where in the TAX Return ITR12?

Do permanent residents (not citizens) working abroad need to file a tax return?

  Written by Evan   Posted 4 July 2015

I am a Zimbabwean citizen with South Africa permanent residence status. I worked in South Africa for five years. However, last year I left South Africa and now works in Zimbabwe but have a property there and frequently visit South Africa on a monthly basis. Do I need to file a return on my income earned in Zimbabwe and will I be taxed?

Treatment of dividends on IRP5

  Written by Evan   Posted 4 July 2015

I am retired and received dividends from my company. Would that reflect in my IRP5?

Tax return submission for independent contractor with no IRP5

  Written by Evan   Posted 3 July 2015

I am completing the tax return, however I received an IRP5 for period 1 March - 31 Dec 2014, from my agency as an Independent Contractor and then went on to work for the same Client as an Independent Contractor from 1 January 2015 - 17 April 2015, but not through an agency. Hence no IRP5 and no taxes withheld. How do I file such a tax submission and return?

How do I declare additional income for part-time consulting work?

  Written by Evan   Posted 3 July 2015

Hi TaxTim, in the 2014/2015 tax year, I did some part-time consulting work in my personal capacity over and above my normal work. It was only R3000 for the year. I'm including it under "Local Business/Trade/Professional Services". If this is the correct section, would I need to put the R3000 under "Other income" or where should I be declaring this amount? Thanks for your help!

How do I declare REIT income on my ITR12?

  Written by Evan   Posted 3 July 2015

For the 2014/2015 Tax year I earned dividend income from Redefine. I have been told that a new source code 4238 have been created on the SARS tax form for this specifically but when I generate my ITR12 I cannot find a place anywhere to include this REIT income. Please help!

I don't know how to submit an iIT3b

  Written by Evan   Posted 3 July 2015

I received a it3(b), how do I include it when I submit my income tax via SARS efiling?

How to Claim for desk cost and how to submit my tax return?

  Written by Marc   Posted 2 July 2015

July 2014-Feb 2015 I was a recruitment consultant. I did not receive a salary, I simply paid a R5000 desk cost per month, which I believe I can claim back for. In the 8 months, I only earned 3 amounts, all adding up to approximately R40 000. How do I submit a tax return- I had no salary, I can claim for desk cost and flights, and I earned very little?

Tax return but not in country currently

  Written by Evan   Posted 2 July 2015

I want to submit my SA SARS tax return but I need to change my bank account. However I am not currently in South Africa. What can I do?

REIT treatment and provisional tax

  Written by Evan   Posted 2 July 2015

I received a REIT dividend source code 4238 on my unit trust IT3B it is very little only R30. Are Reits exempt? Also I read the ITR12 handbook and they suggest I put it under other income/accruals 4214 code with description "income from a REIT". Is this right?

I'm worried they will make me a provisional tax payer due to this extra and only R30 that dosent come from my employment income or local exempt dividends, interest. I dont really want the extra admin issues due to this small amo...

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How to declare Taxable Local Dividends (code 4238) on tax return

  Written by Evan   Posted 2 July 2015

I would like to know where on my tax return (ITR12) should I declare the taxable local dividends (4238). It is from the income tax certificate I received for my unit trusts. The code wasn't on last year's certificate. Both the relevant questions are ticked yes (i. E. 'Did you receive income from interest (local and foreign) and / or taxable foreign dividends?' and 'Did you receive exempt local / and or foreign dividend income?') There is, however, no code 4238 on the inco...

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Documents required for tax returns at SARS

  Written by Evan   Posted 2 July 2015

What do I carry along when I am going to SARS?
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