How do I work out my taxable income from my salary slip?

  Written by Marc   Posted 1 October 2013

I started earning extra wages outside of my salary in February 2013 and so I have registered for provisional tax. On my IRP6 I need to fill in my gross turnover(which I understand to be my gross salary other income including my rental earnings, wages earned and interest on investments) and then my estimated taxable income (which I understand to be my gross turnover minus my costs, retirement annuity contributions and my pension contributions). How do I work out the taxable portion of my salary ...

Read more →

How long after ITA34 does SARS attend to payment

  Written by Marc   Posted 1 October 2013

How long does SARS have to attent to payment after the ITA34 is issued?

What is an AP34?

  Written by Marc   Posted 1 October 2013

There is an AP34 on my efiling 'main page' that shows an amount owed to SARS for 'ITR12 non-submission 2010'. I requested an account statement and the balance on the statement is R0. Now I don't know: do I or don't I owe SARS money? All my returns are currently up to date - I had outstanding returns last year, but got a bookkeeper to get everything up to date. She submitted all the documents requested by SARS after disputing a revised assessment of 2010 - the dispute was allowed, all penalties ...

Read more →

Should a person over 65 pay tax on a pension from a late spouse's place of employment?

  Written by Marc   Posted 30 September 2013

If an old lady who is over the age of 65 is still earning a salary, but gets a pension from her dead husband's place of work. Should her current employer reflect that income on her taxable income?

Tax on interns

  Written by Marc   Posted 30 September 2013

I'm in a w&r SETA internship. I earn 3000 a month and would like to know if interns also get taxed?

Tax Practitioner's number?

  Written by Marc   Posted 27 September 2013

What do I fill in on the eFiling form if I do not have a practitioner's number?

Request for Tax number?

  Written by Marc   Posted 27 September 2013

My father passed away 2012/05/18. So I'm asking for his SARS record please.

Do continuous lump sum deposits from my parents get declared and taxed?

  Written by Marc   Posted 27 September 2013

I am currently working and earn R10 000 a month but my parents still send me R12 000 every 3 months in to my bank account which I then use to pay for college studies for the next 3 yrs. Does the 12 000 from parents get taxed as well?

I am confused about how to submit provisional tax returns.

  Written by Marc   Posted 27 September 2013

I want to submit the provisional tax returns?

Commission earners and staying up to date on what you can claim and what portions

  Written by Marc   Posted 26 September 2013

Hey TimI am back and this year I have subscribed to your service so I'm looking forward to easy filing!I do have a couple of questions, keeping it high level, as I earn the majority of my income on commission and spend quite a lot of my own income in making that possible. I'll just dive right in:A.) Can I claim depreciation on my 1.) Car and 2.) Scooter - how do I calculate that and where do I put that on my return if I can?B.) Can I claim insurance expenses on 1.) My Home Office and 2...

Read more →

Do SARS have the right to dictate where my refund is paid out?

  Written by Marc   Posted 26 September 2013

I went to verify my bank details at a SARS office only to find I have a third party bank account and I quote from SARS website "A third party account is an account where there is a main member but a secondary member has signing authority. No change of banking details will be allowed by a third party. If the secondary member is the taxpayer to whom a refund is due, he/she will have to open his/her individual bank account."
I have a problem with this. I closed my personal account to avoid du...

Read more →

Changed E-mail adress and Cell number - is eFiling details still the same?

  Written by Marc   Posted 26 September 2013

I have relocated to Gauteng and changed my E -mail adress and cell number. Do I have to apply as a new SARS E - filling user ?


Kind Regards
Kromberry

Can VAT be claimed on capital purchases made prior to when the actual VAT registration takes place?

  Written by Marc   Posted 26 September 2013

Hi there, my brother started his own company and wishes to register for VAT. His company was registered on the 16 July this year. Prior to this he made purchases of machinery. Is there a possibility that that the vat registration could be applied retrospectively so that this VAT can be claimed? Also can the VAT on machinery purchases be claimed if the purchase was made after the company registration?
Thank you!

I will be working outside of South Africa for a year at a time. Will I still be liable for tax?

  Written by Marc   Posted 26 September 2013

As from November, I will be working outside of South Africa earning dollars. I will only come back for 30 days a year for my leave. My wife and children will still be living here, so I need to send money for them to live. Will the money I send be liable for South African tax?If I rather have my foreign salary paid into my South African bank account, Would that be taxed?Thanks a million.

What to include under 3601 and 3615 codes

  Written by Marc   Posted 26 September 2013

Do subsistence allowances, bonuses and right of use of motor vehicle fringe benefits get INCLUDED under code 3615 and 3601? Or must they be EXCLUDED from 3615 and 3601 and included under 3714, 3605 and 3802 respectively?

When do I start my logbook if got travel allowance halfway through year?

  Written by Marc   Posted 25 September 2013

Hi Tim, I get a travel allowance but however I started receiving it in June, but always had used the car since the month of April! So when do I start the date of my logbook for efiling?

Completion letter without uploading any of the requested documents

  Written by Marc   Posted 25 September 2013

If I got a guy at work to complete my tax return and he submitted it via efiling (on my profile), how can I check what he submitted? I have now been requested to upload certain documents. I subsequently received a "completion" letter. From what I see on my efiling profile, this guy submitted a few different versions of my tax return?? I'm so confused!! Please help!

How much PAYE deducted from a monthly salary of R8000?

  Written by Marc   Posted 25 September 2013

How much PAYE would be deducted from my salary if I earn R8000?

How to file a notice of objection on SARS efiling

  Written by Marc   Posted 25 September 2013

How do you file a notice of objection on SARS e-filing?

What is the exchange rate for foreign currency (DRC Franks)?

  Written by Marc   Posted 25 September 2013

I got paid in DRC Frank. How can I convert it to Rands ?

How to switch practitioners to TaxTim

  Written by Marc   Posted 25 September 2013

What are the necessary steps required to move my tax concerns from my current tax practitioner to TaxTim?

Corrections on returns

  Written by Marc   Posted 25 September 2013

Hi Tim

Can I get into trouble with SARS for a mistake on my return? Even if that mistake was an honest misunderstanding and I have submitted a correction.

Also, how many times can you submit corrections?

Thanks,
Elizabeth

How to read negative refund amount in assessment

  Written by Marc   Posted 25 September 2013

Hi TimMy assessment letter says "Net amount refundable under this assessment after allowable creditsCompliance"and then shows a negative amount. Technically this would mean I owe SARS as a negative 'refund' means the oposite of a refund but I am not sure what they intend it to mean.What should I take this to mean?Thanks!

What the amount I am allowed to earn per year with my pension? I am over 70.

  Written by Marc   Posted 23 September 2013

I am 73 years old and cannot live on my pension so I have gone back to work. How much am I allowed to earn to be exempted? Is there no exceptions for the people over 70?

Tax on income working permanently in the UAE and declaring of such.

  Written by Marc   Posted 23 September 2013

Hi Tim,
I left SA on 1/9/2011 to take up a permanent employment in UAE, with a UAE company. I also took up residency in the UAE. I sold all my fixed assets in SA, except for my primary residence, which I left for the children to complete their university studies from. I didn't have any intention to return to SA and wanted to relocate elsewhere, after my pension. Unfortunately I was retrenched w.e.f. 10/12/2012 and I returned to SA on 18/12/2012. I visited SA in Nov 2011 for 10 days in Oct 2012 for 5 days. I only started to earned an income in SA in February 2013....

Read more →
Older posts →← Newer posts    248  249  250  251  252  253  254  255  256  257  258  259  260  261  262  263  264  265  266  267  268