Written by Marc
Posted 18 August 2013
Written by Marc
Posted 18 August 2013
Written by Marc
Posted 17 August 2013
Written by Marc
Posted 17 August 2013
Written by Marc
Posted 17 August 2013
I've cashed out my investment portfolio in May this year, in preparation for emigration, which will be completed in September this year. So I need to fill out a provisional tax declaration for capital gains, which comes to around R75k. I also haven't been in South Africa for the entire year - we moved overseas before the tax year started. So I haven't earned any income in South Africa to declare.
In the provisional tax income form, I fill out the R75k as "Gross/turn over", and have calculated the taxable income as R14k (R75k - R30k excluded amount for capital gains per year x 33.3% inclusion rate)....
Written by Marc
Posted 17 August 2013
Written by Marc
Posted 17 August 2013
Written by Marc
Posted 16 August 2013
Written by Marc
Posted 16 August 2013
I took out a 24 month cell phone contract at the end of January 2013 that I pay for on a monthly basis. My phone is used for business and personal purposes. I wish to write off my cell phone as a depreciation deduction (source code 4027). The cell phone handset is valued at around R6 799. Does this mean that I can write off the full amount of R6 799 for the 2013 tax year as it is less than R7000? What can I use as proof for SARS? A letter from the cell phone company confirming the value of the h...
Written by Marc
Posted 16 August 2013
Written by Marc
Posted 16 August 2013
Hi Tim
This is a really helpful forum.
I have a query which I require advice on or a possible solution.
I completed my tax return on the 14 July 2013. In the prior year I received my refund in 2 days but this year I had been selected for verification and I submitted all the documents (logbook etc) and then few days later (23 July 2013) I get a notice letter from SARS saying I'm referred for audit (sad I know), so I waited and yesterday I had no response from SARS regards the referred for audit. ...
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Hi Tim,
One of my family members has never submitted a tax return and only actually registered for tax about a year ago. He has been working for about 13 years. That being said, 4 of those 13 years he worked overseas (he worked on the cruise ships were he earned tips only), for 3 years he worked as a waiter where he earned cash and was paid a minimum wage and 5 years as a restaurant manager where tax was deducted from his monthly salary, however, he was never registered for tax by his employer or on an individual capacity. Like I said, he only registered and got a tax number last year (2012). ...
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 15 August 2013
Written by Marc
Posted 14 August 2013
Written by Marc
Posted 14 August 2013
Written by Marc
Posted 14 August 2013
Written by Marc
Posted 14 August 2013
I am currently not a registered tax payer nor am I employed, I am however getting into smart phone programming and wanted to know my tax obligation when it comes to individuals who do this kind of thing in their spare time and not as a business operation.
Also - Google Admob (for smart phone app monetization) is in the U.S.A and payments are paid out when a limit of $100 have been reached. (This into bank accounts and not PayPal). At what time should I register as a tax payer and what...
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