Disability Income taxable?

Posted 23 June 2015

Disability income was received from medical boarding from work for a few months in the tax year ending 2015. This income was taxed and the amount on the IRP5 shows only one income source code. 1. Is the disability income tax exempt or is it only from 2 March 2015 and 2. Is there a separate tax code for disability income earned.

How does SARS tax earnings from abroad, earned here in South Africa online?

Posted 23 June 2015

Hi Tim

Hope you're well and that you can assist me. I get taxed on my monthly salary of R31300, however, I'm also an online part time language consultant getting paid in USD from abroad into my paypal account. The employer from abroad currently taxes me 6% of my earnings as I make under 920USD. Paypal then charges me a further 3. 5% for the transfer. My account is linked with FNB, who take a further 1. 5% commission when converting to Rands and transferring the funds to my acc...

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Do I need to pay tax if I earn less than 250000 per annum, and work on commission only

Posted 23 June 2015

I am an intern estate agent, only earn commission, no salary , and I get less than R250 000 per annum. Must I pay tax?

What costs can be subtracted from the income of our small business?

Posted 23 June 2015

I am a member of a CC and a partner in a partnership. We are the two same people in both the partnership and the CC. From our activities in the CC, we came upon another way to make money and after a period of testing, we decided to split the other way off our CC activities, so the Partnership became a new business. In order to make this new income stream work, we need to travel and test tourism opportunities in SA as well as some of our neighboring countries to be able to build an internet commu...

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What constitutes "place of work?"

Posted 23 June 2015

Travel Allowance: SARS says that travel between home and place of work is considered private and may not be claimed. What constitutes my "place of work"? I am a pastor. I do not have my own office at the church building where I am employed, but I often travel to the church during the week to see people or attend meetings. Am I allowed to claim those trips to the church building as work km's?

Does pocket money count towards the R100,000 donations threshold?

Posted 23 June 2015

I am giving my son R100,000 and putting it into a fixed deposit account to save. I know this is the maximum donation I can give to him without me paying tax. If I also give him an allowance of R1500 per month for pocket money into his current account and this is obviously spent every month on necessities does this count towards the R100,000 allowance?

Can I submit invoices for building material?

Posted 23 June 2015

Can I submit invoices of building material I bought for renovation to my house?

Provident fund tax - beneficiary

Posted 23 June 2015

I have received some money from my partners provident fund, he is deceased. I have only received tax directive from his provident fund insurance, which is on his name. What else should I submit at sars for this, or the tax directive on his name, is it okay?

Tax due on secondary income

Posted 23 June 2015

I currently work a 6 hour day for a company. Tax and UIF deducted and I do receive an IRP5. I want to do extra work. That is work for a different company a few hours a day. Will work approximately 10 to 15 hours a week. They do not want to register me on their payroll. Do I invoice them for service and declare my extra income on my tax return? Will I then become a provisional tax payer?

Can I claim for my financing costs (interest on my car finance) and depreciation on my vehicle?

Posted 23 June 2015

I receive a car allowance and can claim for official kilometers traveled with my private car. Can I claim for my financing costs (interest on my car finance) and depreciation on my vehicle?

Wear and Tear Tax deduction on personal/work Laptop

Posted 23 June 2015

I am a full time employed software engineer. I am looking at buying an Apple MacBook Pro Retina priced at R28000, from FNB for R1200 per month over 24 months. This purchase is in part for my work and in part for personal work. How do I determine if I qualify for the "Wear and Tear" tax deduction and for how much I will I qualify? Do I submit this with my annual personal tax?

From www. Taxim. Com [https://www. Taxtim. Com/za/help/definition/wear-and-tear] I calculated:
&#...

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Is the tax deduction correct acording to my salary scale

Posted 23 June 2015

I earn 29736. 00 as a gross salary. My company deducted 5966. 21for tax including overtime which is 12 hours at 1688. 94 allowances are tea premium 51. 20, telephone 166. 50, standby 3015, housing 3785, is the tax deducted correct?

Employee PAYE implications for car repayments on company cars?

Posted 23 June 2015

I pay R3700 as a car repayment for one of my employees. Is this full payment part of his salary, or should I only allocate a portion? It seems unfair that he takes the entire amount into his salary and therefore incurs a higher PAYE, when the car remains my property.

Logbook -what records do I need to keep?

Posted 23 June 2015

For the logbook do I have to record all my starts and stops during the day at the different clients or the total of my travels during the day?

RA transferr versus taxable income

Posted 23 June 2015

Hi Tim,

Last year up to July I was paying into an RA with Provider A. I then transferred this to another RA provider B. An amount of R109k was transferred to the new RA after a few deductions. I received a tax doc from Provider A for my contributions up to July. I also received a tax doc for my contributions from new Provider B. However I have just received a tax doc from Provider A stipulating the amount paid out (R109k) and logged against code 3698. This looks like I earned this am...

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Expenses claimed against commission income?

Posted 23 June 2015

Someone who mainly earns commission income, can she claim for corporate clothing and training. Also if she has not maintained a logbook accurately, can she claim motor vehicle expenses including fuel?

Company car and car allowance in same tax year

Posted 23 June 2015

I had a company car for the 1st 4 months of this tax year, and moved over to a car allowance for the remainder. How would I need to complete my efiling tax return?
Secondly, how will this affect my return?

Claiming against fuel card even with Car Allowance?

Posted 23 June 2015

I receive a car allowance and use my own private vehicle. The compan however pays for my fuel n full via a fleet petrol card. This amount reflects on my payslip for tax deduction. Can I claim against this? If so how do I complete the return?

PAYE - traveling

Posted 23 June 2015

Good day can I deduct traveling to and from work every day (130km x 5 times per week). So that my PAYE is less every week?

Can you claim for use of your private vehicle for work without a travel allowance or car allowance?

Posted 23 June 2015

Can you claim for vehicle usage if you used your private car for work and got a detailed logbook for it but did not receive any travel allowance or car allowance?

Self employed income

Posted 23 June 2015

I was full time employee for the first six months, and then changed to self-employed contractor issuing an invoice to a seperate but related entity. What are the deductions I can claim against income invoiced?

Just an Enquiry

Posted 23 June 2015

Hello. I received a message from the GEPF about I. R. O and the tax directive from SARS. I'd like to know how long do I have to wait until receive the gratuity since SARS has taxed me? Thank you.

Deduction for SARS tax returns?

Posted 24 May 2015

For my deductions what documents do I need to have all ready

medical aid contributions
RA/provident fund contributions
invoices for any Cell/laptop/equipment required for work that was not remunerated back to me

and what else ?

From freelancer to permanent - when/how do I apply for my refund?

Posted 24 May 2015

I freelanced for a while so I paid provisional tax from last year August 14 to Jan 15 and then again Feb 15 to Aug 15 (overpaid a few invoices accidentally). I got a full time permanent job since 13th April. When can I apply to get a refund from the provisional tax and some overpaid invoices please? And how do I go about this? Thanks!!

Erroneous Payments and IRP5

Posted 24 May 2015

I've been overpaid erroneously for a year . My employer wants the monies paid back in full. Roughly a third of the amount was taxed and appears on the IRP5. Must the IRP5 be amended by the employer, while we sort out the pay back arrangements?
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