How much tax rebate does an employer get if he's paying 50% of medical aid for his employees?

Posted 27 August 2013

Say a company has 100 employees and the employer turnover is over R20 million per annum, if employer is planning to contribute 50% in medical aid and retirement fund to his employees, how much of a tax deduction does the employer get?

Medical Tax Credit (MTC) and the ITR12

Posted 23 August 2013

I pay my own medical aid and the total amount paid was R15626. When entering it on my ITR12 it shows me a NULL allowable medical deduction under a code 4008. Am I not supposed to get my MTC of R230 per month? It was not deducted on my IRP 5 so I paid my full PAYE amount.

First time to SARS

Posted 23 August 2013

It is my first time going to SARS and I didn't know if I should have taken my rip5 of the last 2 years and my medical aid documents. I only took the ones for this year so is it possible for me to go back with the previous ones cause I already submitted?

How to calculate Tax Refund if over 65 with a disabled dependent

Posted 22 August 2013

I am completing my father's Tax Return for him. He is over 65 and has a dependent, my brother, who is mentally disabled. I have indicated this as such on the return and can see from the calculation that the full medical amount listed is shown as a deduction from the taxable amount. What is confusing me is the only amount being reflected as a refund is the PAYE he paid on some shares that he cashed in and there is no additional refund for any of the mental disabilities. Am I understanding the med...

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How do I work out medical aid contributions when I had 2 employers in the tax year?

Posted 20 August 2013

I have 2 IRP5s from changing jobs last year and each employer contributed a different amount to my medical aid. How do I calculate my medical aid contributions?

Medical Tax Credit - does same rule apply to non medical aid taxpayers?

Posted 19 August 2013

Goodday, my question regards the Medical Tax Credit - everything I have read on it seems to apply to taxpayers that contribute to a medical aid scheme. Does the same rule apply for taxpayers who do not have a medical aid scheme but are trying to claim back medical expenses?

I was unemployed for 1 and half years. Can I still claim for medical expenses?

Posted 18 August 2013

I was unemployed for 1 and half years. Can I still claim for medical expenses?

Medical expenses deduction without medical aid

Posted 18 August 2013

Hi. I recently went to SARS and I got my refund back. However I also submitted medical receipts to the value of R3266. My total income was R13850. The amount I got back was R3463. I'm not on any medical aid. I pay cash. Do I not get back some of my medical expenses?

Selected for audit with travel allowance. How long to resolve?

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. ...

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Online Admob income from a foreign source

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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Can I claim a tax rebate paying for a pensioners medical aid?

Posted 14 August 2013

Good Day

My dad is a Pensioner and receives a state pension. He does not submit tax returns, however I pay for his monthly medical aid, and would like to know if I can claim a rebate for this when I submit my tax return?

No medical aid, medical expenses paid out of pocket

Posted 14 August 2013

Hi,

I don't belong to a medical aid, so I had medical expenses to the value of R21473.34 (kept proof of payments). I had income of R75485, and PAYE deducted of R2144. A refund of only R2144 shows on my IT34. It seems as if the medical aid expenses was not taken into account at all. Please explain?

Submitted tax return but forgot medical certificate - can I change it?

Posted 13 August 2013

Hi Tim..
I have submitted my RIP 5 last week but received my medical certificate yesterday by email from Discovery Health. My question is... do I have a chance to submit the certificate too..? If so, what do I need to do or follow? Please help.

Medical expenses paid from a joint bank account

Posted 11 August 2013

We are married in community of property with one bank account in my name. My wife and our children have individual credit cards on the account and all my wife's income as well as tax refunds are paid into it. She is the principal member of our medical aid. Me and her use the bank account to pay medical expenses via credit card and EFT.

Will SARS disallow medical expenses paid from this account in my name, even if it is for her and our children? I settle medical bills via EFT, any one ...

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Can I deduct the tax credit as well as the medical contribution paid as a pensioner?

Posted 10 August 2013

I am a pensioner now, can I deduct the tax credit as well as my medical contribution paid by my self?

Who is liable to claim the medical contributions? Is it me whose account is debited or him?

Posted 8 August 2013

I put my parents on a medical aid and my Mum is the principal member with my Dad and sister as dependents. However, for ease of convenience the debit for the medical aid goes off my bank account and not theirs, but my Dad pays me back by paying off my other accounts.
When I submitted the claim, I put this medical costing as a claim on my Dad's return - what was owing to him is now him being held liable to pay SARS that money back. Can they do this??
I have my own medical aid with my da...

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Employers medical aid contibution for over 65's

Posted 7 August 2013

Hi

How does an employer handle:-

1. Employers medical aid contribution made for an employee over 65? It is no longer a fringe benefit.
2. Employer pays both employer and employee contribution with no deduction from employee.

Many thanks.

Do I still pay in when I received SMS from SARS saying they owe me after last return?

Posted 7 August 2013

Hi! Your website is very informative. I was requested to submit outstanding returns for last 5 yrs via telephone.
I however updated the returns and then was asked to pay a penalty of R12500. A few weeks later I received an ITSA- statement of account stating I owe R50 404-00. I however settled the amount as my wife received disability from her insurance. The collection department stated that I still owe them the penalty of R12500. The ITSA only reflects interest on late payment and no pen...

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Do psychologists fall under medical expenses?

Posted 7 August 2013

Can I include a claim for psychologist fees (as a medical expense) if not covered by my medical aid?

Dispute approved, but payment amount incorrect

Posted 5 August 2013

Hi, I changed jobs and my pension fund was paid to me in a lump sum with tax deducted, but the liberty loaded irp5 incorrectly on e filing so it looked like I didn't pay tax on the amount. I only realised after I filed my tax return so phoned them, they cancelled the wrong certificate and loaded the correct IRP5 onto SARS. I then had to go dispute the matter with SARS. According to them I owed R9700. The dispute was allowed, and they said they owe me R13000, but they only paid me R3500 because t...

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I have to use an oxygen concentrator, is this a disability from the tax point of view?

Posted 1 August 2013

Age 77; retired. Male. Diagnosed with emphysema (Chronic obstructive pulmonary disease). Doctor has prescribed an oxygen concentrator (takes oxygen out of the air) to allow me better able to do life's daily chores (walking around, dressing, bathing, shopping etc) with less getting out of breath. Weighs 3 kg and has to be carried or slung from the shoulder. This costs me a capital sum of R35000 and has an anticipated life of 5 years (the concentrator, not me). Is this a disability from the tax po...

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Do I pay a penalty if I register for tax now only, after working for 7 years?

Posted 1 August 2013

Hi tax tim.
I just want to know if I will pay a penalty if I've never registered for tax and have been working for 7 years but want to start doing my tax this year?

Two tax certificates (2) for 2013 - Two different medical aid no's and 2 diff. options

Posted 31 July 2013

I am trying to get my (2) tax certificates for 2013 from my medical aid - but they keep sending only the one.

Let me give you more detail: From 01/03/2012 - I was on a different option - up to 31/10/2012
I then retired but carried on with the medical aid - BUT with a different option and a diff. medical aid number.

I have tried everything and they keep giving me only the latest one which is from 01/11/2012
I went into the website (on the old number) but they keep giving me tax certificate for up to 28/2/2012....

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Why are 4003 and 4008 deductions showing at zero?

Posted 31 July 2013

On my tax calculator result, the following deductions show a result of zero even though figures were put in while filling out my return:4003 - provident fund contributions4008 - allowable medical deductionsWhat is the reason for this? Help would be much appreciated :)Regards

Freelancer - local and international - Needs to start keeping records for tax purposes

Posted 31 July 2013

I have been freelancing for local and international companies for a few months. I need to get my tax admin sorted out. I work from home and am on my husbands medical aid.

Where do I start and how do I maintain all my information that I need to? I'm happy to set up Excel docs to keep records. I'd like to know what I should be keeping records of,  where I can benefit from tax refunds, and what expenses I can set against the business. Do you have any templates I could use?

Als...

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