Written by Marc
Posted 11 November 2014
I work in Germany, am taxed in Germany (heavily it seems). What are my tax implications in South Africa?
Do we file a return in Germany & South Africa?
My husband has been working in Germany since the beginning of 2013, and myself since March 2014.
We are in Germany for the entire time (visiting SA for maybe 1 month to 6 weeks a year).
We also pay for medical aid, and related German funds (church tax, solidarity tax, retirement taxes, etc)
We both have an Retirement Annuity running in South Africa too. ...
Written by Marc
Posted 11 November 2014
Written by Marc
Posted 11 November 2014
Is there any distinct financial advantage to paying for my medical aid on my own (therefore not involving my employer at all), rather than opting for my employer to contribute a portion (which would form part of my total cost to company)?
In both instances, the Total Cost to Company would stay the same - I understand that the contribution from the employer does not get deducted from the income earned and thus the tax on income earned stays the same, apart from the tax credit for independents. If this is correct, it would seem that the only benefits would be that the employee receives monthly tax credits rather than once per year. ...
Written by Marc
Posted 7 November 2014
Written by Marc
Posted 6 November 2014
Written by Marc
Posted 5 November 2014
I am an independent contractor operating out of a home office, and earned commission during the year from two sources, however only one of them deducted PAYE. That IRP5 is reflected on eFiling, however there is no section on the ITR12 to declare the second source of commission income. If I select the trade section of the ITR12 then I get a whole income statement to complete; if I do this must I include the IRP5 income as well? Also must I include all my expenses here or rather in the standard de...
Written by Marc
Posted 4 November 2014
Written by Marc
Posted 4 November 2014
Hi Tim
My husband has started at a new company as a sales exec. He gets company petrol as a benefit and they've issued him with a company petrol card. However now I've noticed that they are adding the petrol useage to his earnings i.e. if his basic is R5000 they are adding R4000 petrol (varies every month) and then taxing him on R9000 gross instead of taxing him on R5000. They then deduct the R5000 off again but he's paying a lot of tax every month because of them adding in the petrol...
Written by Marc
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 ...
Written by Marc
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 ...
Written by Marc
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...
Written by Marc
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....
Written by Marc
Posted 27 October 2014
Written by Marc
Posted 13 October 2014
Written by Marc
Posted 10 October 2014
Written by Marc
Posted 7 October 2014
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Posted 30 September 2014
Written by Marc
Posted 29 September 2014
Written by Marc
Posted 22 September 2014
Written by Marc
Posted 17 September 2014
Written by Marc
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. ...
Written by Marc
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 ...
Written by Marc
Posted 2 September 2014
Written by Marc
Posted 29 August 2014
Written by Marc
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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