Will SARS pay me a refund based on my retirement annuity if I am declaring no income?

Posted 16 February 2016

If you are working overseas and are declaring a NIL tax return due to the income being exempt can I still claim a deduction on my retirement annuity?

Apply RA tax deductible to provisional tax payment or get a refund after the final tax submission

Posted 15 February 2016

I am a provisional tax payer and contributing the maximum allowed deductible to an RA (15% of non-retirement funding income). I would like to know whether I can deduct this from the taxable income myself for the provisional tax payment, meaning I pay less to SARS now and do not get a refund later, or whether I should pay tax on the full income without deducting the RA deductible and then get a refund from SARS later on? If I have a choice, I would prefer not overpaying taxes to SARS and aim for ...

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Chairperson tax explained

Posted 15 February 2016

Please explain the following to me:
1. The taxation of non-executive chairpersons of small companies earning a monthly amount in directors (Chairperson) fees. (They work full time earning a salary from a different Company. )
2. Should the non-executive chairperson be treated as an employee on the payroll of the small Company whilst working for another company or can it be treated through normal finance department transactions?
3. Should the normal statutory deductions like SDL an...

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Cellphone expenditure deduction code

Posted 12 February 2016

I receive a monthly cellphone allowance. Under what code do I deduct the actual expenditure on my tax return on SARS eFiling? The "other" category has not historically been available to me.

Business travel claims with no travel allowance

Posted 12 February 2016

How does one go about claiming a vehicle that I use 70% for business and 30% private. I have a detailed log book and do about 18,000km business travel/year but I do not receive a travel allowance.

Can I deduct my Gautrain tickets from my tax

Posted 12 February 2016

Can I deduct my Gautrain tickets from my tax

Medical rebates when without medical aid scheme.

Posted 12 February 2016

Provisional tax payer. Over 75. No med aid. What can I claim for medical expenses?

Tax for multiple income

Posted 12 February 2016

How will I be taxed on my income if I have two jobs with two different companies? My second job will only be part time for - 6 months.

Where in the ITR12 can I claim toll fees paid on business trip if I don't use actual costs.

Posted 12 February 2016

I have incurred toll fees while on travelling on business trips to clients. My employer does not reimburse this fees I incurred citing that I should cover them from the reimbusive travelling claim that I get. I don't use the actual cost incurred but rather the estimates as per tables. My question is, where in the ITR12 can I book this fees against my income.

How much I pay as small business.my year turnover is R800000

Posted 11 February 2016

Small business tax return

Should the tax rebate be pro-rated for foreigners starting to work in SA (not immigrating)

Posted 11 February 2016

I foreigners start to work in South Africa & earn South African source income, say, from February 2016. Will they receive their entire tax rebate for 2016 based on only the 1 month's salary? This would imply that they will obviously NOT pay ANY taxes on a salary of up to R73,650 for the month of Feb 2016. Is this correct or should the tax rebate of R13,257 be pro-rated to 1 of 12 months, because they only worked for 1 month of the 12 in the tax year?

ITSA requested shows a refund, will I get a refund?

Posted 11 February 2016

My SARS status is tax return assessed, and my SARS eFiling status correction filed. Therefore I requested a ITSA on 02. 02. 16, which shows a refund, but also shows selected for audit YES. Does this mean that I will get a refund or not please?

Multiple sources of income

Posted 10 February 2016

I am a co-owner of a company which I work for and currently work part time for a University. Last year I worked part time for a corporate company and thus I have multiple sources of income. I find it extremely difficult to understand where each of these earnings should go etc.

If our company makes a yearly loss of R9233899.00 . how is the tax refund is calculated?

Posted 10 February 2016

If our company makes a yearly loss of R9233899. 00
how is the tax refund is calculated?

Tax free savings for the unemployed

Posted 9 February 2016

Wife has a hobby she runs from home for an income, not registered with SARS! Is she allowed to open a Tax-free savings account in parallel with me who is registered with SARS and also want to open this account. Thus can we together contribute R60K / year?

Calculate allowable deduction for pension fund contribution if total retirement fund is R103 500

Posted 9 February 2016

If the total retirement fund income on the IRP5 is R103 500. What will be the maximum allowable deduction for pension fund contribution

LOCAL SA RENTAL INCOME PLUS UK INCOME TAX PAID SEPARATELY

Posted 9 February 2016

i am 70 year old, live in UK, 95%, earning interest from investments in the UK and paying UK taxes with a UK tax no. i also have 3 properties in South Africa, and pay local tax in South Africa
from rental income. also have SARS tax no. are there new laws which i am not aware of? I have been submitting tax returns on this basis for the last 20 years with no problem. will this be ok for the future. thanks.

HOW TO ADD TAX TO GROSS

Posted 9 February 2016

I have been paying my staff the salaries without tax and uif, but I now want to add tax to the salaries I paid them. How do I go about calculating that?

Incorrect logbook information

Posted 9 February 2016

I just want to find out with regards to car allowances. I switched employment in June 2014 and did not have access to my kilometers claimed at my previous employer. I started working at my previous employer again in January of this year and found my old information. It seems like I might have submitted incorrect information on half of the year for car allowance. I am currently being audited manually, and do not know what to do, please advise?

If I pay my emplyees's lunch, can I deduct it and under what heading?

Posted 8 February 2016

My workers eat lunch daily and I pay for it out of the business profit. Can I deduct this amount and how much of it can I deduct? They eat about R100. 00 worth of food and drink per day and I keep all these slips. Can this be deducted under "entertaining"?

Medical costs deducted on IRP6 form

Posted 8 February 2016

We have no medical aid, but have dental and optometrist receipts for work done. How can we deduct this when we declare the IRP6 and ITR12?

Unemployment and provisional tax

Posted 8 February 2016

I was unemployed for roughly six months of the 2015/2016 tax year, do I need to submit any proof. Now with the new work I have to pay provisional tax because I work for myself but not as a company, how does this affect tax deductions?

Tax on resignation benefit

Posted 8 February 2016

How much is tax deducted on a resignation benefit of R1013000

ITA34 - Where's my 'Letter containing further instructions'?

Posted 8 February 2016

After submitting my ITR12, I received an ITA34 in which 'a letter containing further instructions' is mentioned. "Please note, however, that the information provided by you in your income tax return does not match the information in the possession of SARS or your tax return has been selected for verification. Attached you will find a letter containing further instructions for you to resolve this. Please note that any refund which may be due will be withheld pending finalisation of this matter. According to the information you declared in your income tax return, you were liable to pay provisional tax for this year of assessment...

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Monthly provisional tax payment and foreign exempt income

Posted 7 February 2016

Context: I am paid by a foreign employer in USD and will be processing tax payments in my own capacity. I understand from previous questions that I should register as a Provisional Tax Payer. I have two questions:
1) Is it possible to make monthly payments to SARS instead of at the 2 periods in time? If yes, how?
2) I will likely have to work outside the country for period of 183 days/ 61 days continuously - how do I go about getting the refund/ processing my tax given this?
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