Refunds on Withholding Tax?

Posted 4 November 2014

We have a Company based in South-Africa but all the work (professional engineering services) we do is for a Company Based in Tanzania. At the end of each service provided to this company we Invoice them and when they pay us they deduct 15% Withholding tax. Each year we receive Withholding Tax Certificates from this Company which we then submit to SARS when our accountant does the Company Tax Return via e-filing. The Withholding Tax Certificates we submitted to SARS this year was for the value ...

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Can I claim for travelling for a disabled person to and from college?

Posted 3 November 2014

I have a daughter who is deaf she has finished Matric at a school for the deaf she now attends a normal colledge because there are no specialised colledges for deaf students.

I understand that I cannot claim for her fees because it is a College however I did put in a claim in 2014 for travelling because she cannot use public transport to commute to college because of her lack of communication and hearing, but my claim was rejected.

I see the tax act uses the word Specialised School but makes no mention for college or university ...

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How will I be taxed as a freelancer on retainer?

Posted 3 November 2014

Hi there!

I am currently full-time employed as an editor, but would like to go freelance next year. I am busy putting a proposal together to encourage my current employer to keep me on retainer for a portion of my current duties, for a portion of my current salary from January 2015, so that I can at least be guaranteed a basic salary for the first year or so of being a freelancer while building up a client base.

As far as tax goes, my understanding was that the burden was on freelancers to submit quarterly or annual tax returns, and that employers using freelancers were not necessarily obligated to deduct tax on their fees...

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Incorrect travel reimbursement code on late tax submission which results in taxable income?

Posted 31 October 2014

I recently completed my 2014 tax return and was due a refund. Shortly after I was asked to complete my previous year return. I haven't done it as I was under the impression that I was under the tax threshold (below 250k). Whilst doing the return I noticed my previous employer incorrectly included my travel reimbursement under the wrong code per IRP5 ( they included as non taxable where as it was actually taxable as it was over 8000 km)
As a result I have a large amount now owing to SARS.
Is there any way for me to deduct actual costs for this if I don't have a log book? I do have a basic summary for the bulk of the expense which I presented to the employer for reimbursement....

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If I earned only 55.000 Rand for the whole year through freelance activities, will I have to pay tax

Posted 27 October 2014

I understand that the tax threshold in 2014 is 70700 Rand. In the financial year 2013/2014 I have earned only 55.000 Rand through freelance activities with different companies (I am a student). So my question is, will I have to try to bring the taxable income even more down (e.g. through claiming business expenses, medical expenses etc.) or do I need not bother as I am anyway below the threshold?

is parking fines included in the calculation of travel allowance

Posted 13 October 2014

do we include parking fines in the calculation of a traveling allowance

What are the different payment options on TaxTim?

Posted 10 October 2014

explain for me TimLite, TimSmart, TimUltra what is it and the different? I am now stuck on that field

Changing Bank Details to Home Country bank account

Posted 7 October 2014

I am going back to India permanently. I have done eFiling this year, and the returns is credited to my SA bank account. I like to get next year's return to my Indian account. Can I change the bank details to my Indian Bank Account, so that next year returns would be credited to my Indian account. If yes, how can I change it? Can I change it via eFiling, or do I need to visit the SARS office before travelling back? What all documents are required? What is the procedure?

Are independent contractors buisness or individual taxpayers

Posted 30 September 2014

I am registered as an independent contractor code 3616, do I fill my ITR12 as an individual or as business. I pay wages to my two employees but don't know how fill it out on the form.

Penalty Assessment Notice

Posted 29 September 2014

I received a penalty assessment notice from SARS after not filing my returns for the last year. While working for a salary, I have been earning cash deposits of less than R10,000 on small freelance jobs, what is the best thing to do at this point?

Obtaining a tax directive from SARS - how long does it take?

Posted 22 September 2014

My name is Cobus. How long does it take GepF to get a tax directive from SARS

How do I register for a tax number as an independent consultant?

Posted 17 September 2014

How do I fill in the the IT77 form (register for a tax number) if I am a self employed independent consultant that works on a contract bases?

Compiling supporting documents for medical expenses not covered by medical aid scheme

Posted 10 September 2014

I have been asked to submit supporting documents by SARS for verification purposes and I was wondering what the requirement is with regards supporting documents for medical expenses not covered by my medical aid scheme?

On my Income tax certificate from Discovery there are two numbers given. Firstly one number for Contributions during the period and secondly a number for 'Claims not recovered from the Scheme'. I duly included these under the requisite sections when completing my tax return. ...

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How late can a request for correction of my ITR12 be made?

Posted 8 September 2014

A friend of mine, has submitted her IT12 by e-filing, she was then asked to submit supporting documents, once these were submitted, she was told that she will be audited as part of the tax compliance procedure. She is concerned because when submitting her IT12, she had lost her log book and had to redo this from memory and is now worried that the log book will be inaccurate and the audit will bring this up. As she doesn't want to get into trouble, she wants to know if it is still possible to do ...

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Do you need a tax directive for each IRP5 for which it is applicable?

Posted 2 September 2014

Do I need a separate tax directive for each employer where I receive remuneration and my commission is more than 50% of my salary?

What are the tax implications for international network marketing reps?

Posted 29 August 2014

Would Network Marketing Income (Commission) be treated as small business income? Does expenditure on MLM product (travel, merchandice etc.) & branded clothes be allowed as expenses?Would international income be taxed when paid into an international account or only when transferred to a South-African account?

What and how much can I claim for on my own car expenses when the car is used for business

Posted 27 August 2014

Hi Tax TimI get paid a basic and commission each quarter of the year. I pay for my own petrol and car expenses and I am looking to claim all of this back from SARS at the end of the year. I have been keeping a log book and I would liek to know the percentage of my expenses that I cna claim back if I rarely use my car for private use. What percentage will I be able to claim back from my business expenses on my car. Can I also claim for my cars depreciation? And again what is the percentage for th...

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IRP5 treatment of retirement lump sum benefits

Posted 26 August 2014

I resigned from my employer in the 2014 y.o.a and took the full withdrawal from my provident fund with the company. The IRP5 received from the company does not include the retirement lump sum benefit received. Would it be correct to include the lump sum payment under code 3901 and claim a deduction as per the directive under code 4115?

Can I claim work related bank fees?

Posted 25 August 2014

Making withdrawals from a PayPal account into my SA bank account incurs FNB transaction fees that run me a few hundred rand every month. 100% of my funds in my PayPal account are earnings for freelance jobs I do online, so can I claim those FNB fees since it is basically an expense to get my income into the country?

Which motor vehicle expenses to claim through company versus personally?

Posted 25 August 2014

I am the sole director of a company. I travel extensively for business using my personal vehicle. My question is do I deduct vehicle expenses such as petrol, insurance, services etc.. through the company, or do I rather take these deductions into account in submitting my personal tax return?

What percentage of electricity can I claim when working from home?

Posted 24 August 2014

As a freelancer working from home I realize I can claim certain expenses such as electricity. I have seen several sources indicate that I can claim a percentage based on the size of my home office in relation to my entire home, is that the rule?

My work space is maybe 10% of my home but I can confidently say that at least 30% of my electricity expenses is due to the various electronic equipment running 24/7 in that area. How much can I claim, 10% or 30%?

What is acceptable supporting documentation for SARS?

Posted 21 August 2014

I am self employed, I work as a contractor and I was recently told by my accountant to keep all my slips and I just confirmed with him that all my expenses are on my bank statements, as those are my proof of payments, I also enter the information into Pastel online, that lets me track my personal expenses, because those slips just end up fading, so I throw the slips away.

My accountant said he recently had a client of his audited and SARS didn't accept bank statements as proof, they w...

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Can I Just enter business trips on my SARS logbook?

Posted 21 August 2014

Can you pleas tell me if I can just enter business trips into my SARS logbook or do I have to include both private and business trips?

How do I know if I am a tax resident of South Africa?

Posted 18 August 2014

My client was employed in Zimbabwe for 11 of 12 months, so he qualifies as being out of the country for more than 183 days. However, he regularly traveled back to SA on week-ends for a break, so was never out of the country for more than the 60 days in a row as required. Does this then disqualify him from being a non-resident for tax purposes?

Is my travel allowance too high for tax purposes?

Posted 18 August 2014

Please help, I receive a fixed travel allowance of R9400pm (car R4400 fuel R5000) under code 3701 which is taxed at 80% by my employer. My cars value is 160K and I do approximately 45K a year (12-15K personal) I keep a logbook. Will this be regarded negatively by SARS and more importantly would I possibly have to pay in an amount?
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