Cellphone expenditure deduction code

  Written by Nicci   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

  Written by Marc   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

  Written by Marc   Posted 12 February 2016

Can I deduct my Gautrain tickets from my tax

Pounds or Rands?

  Written by Marc   Posted 12 February 2016

Not exactly tax related but worth a shot... I work in South Africa for an online retail company that ship from the UK to all over the world. The company earns in pounds but we earn a very basic salary in Rands. Is this acceptable? My salary in Rands would be below the minimum income bracket if I was in the UK.

Medical rebates when without medical aid scheme.

  Written by Marc   Posted 12 February 2016

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

Reimbursive travel

  Written by Marc   Posted 12 February 2016

For the 2015 year of assessment, my employer re-reimbursed me for travel. They paid me at the official SARS rate of R3. 30 per km, I traveled 6,691. 52 kms, it is thus my understanding that because this is less than the maximum allowed by SARS of 8,000km, this amount falls under non-taxable income and should be allocated to the code 3703. My employer allocated this to code 3702 on my IRP5. I corrected this on my tax return, yet SARS are of the opinion that this amount should fall under taxable i...

Read more →

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

  Written by Marc   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.

Taxes to be paid after increase and backpay have been worked out

  Written by Marc   Posted 11 February 2016

I have a very basic question, but cannot wrap my head around it. I pay the admin ladies' salaries (for about last year). They got an increase, but I need to backpay them now as well. Question is does the annual salary (March 2015 to Feb 2016) now need to be recalculated to see what more tax must be paid? Is there someone that can help me on an annual basis? I am so scared I work in out wrong. Please help!

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

  Written by Marc   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?

Request for documentation for RFC

  Written by Marc   Posted 11 February 2016

I filed my tax return and it was selected for verification. I then submitted the documents for review and noticed that I had made a mistake on my tax return. I filed a request for correction and then got a notice that I needed to submit supporting documents as the information on my tax return did not match their records. Is this normal when submitting a request for correction or am I being audited?

Meaning of medical tax credits and medical fringe benefit?

  Written by Marc   Posted 11 February 2016

Tim! Please advise on these 2 things :I am a teacher, this month (january 2016) payslip reflects the following;

1)I have 2415. 00 under medical fringe benefit. What do these numbers mean? is it money?

2)Medical Tax credits are 721. 00, Whats the meaning of this?

Capital gains tax on primary resident

  Written by Marc   Posted 11 February 2016

What is the Capital Gains Tax amount if you bought a house in 1991 for R100000 (approx. ) and sold it in 2015 for R1. 9m.

What if my salary increases significantly?

  Written by Marc   Posted 10 February 2016

If I earned a significantly lower salary for the first half of the tax year and then a significantly higher salary for the second half of the year under PAYE, would the various periods tax be calculated appropriately? I have been advised that because the new salary is much higher it therefore pushes me into a higher tax bracket and that this affects my earnings for the entire year. I. E. I have to total all my earnings and then calculate my tax payable on this higher tax bracket rate. This doesn...

Read more →

Multiple sources of income

  Written by Marc   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.

Pension/provident fund payout after retrenchment

  Written by Marc   Posted 10 February 2016

My husband was retrenched last year November 2015, he is still without a job and his pension/provident fund need to pay out, on you free SARS retirement fund lump sum tax calculator is shows that if you take the money after retirement/retrenchment/death you don't pay TAX on a amount under R500 000. 00, is that correct?

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

  Written by Marc   Posted 10 February 2016

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

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

  Written by Marc   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

HOW TO ADD TAX TO GROSS

  Written by Marc   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?

Percentage tax payable for 65yr old on dual monthly income

  Written by Marc   Posted 9 February 2016

I receive a gross monthly pension of R10637. 01 from Old Mutual and a gross salary of R15000 from my present employer. What Percentage tax should I be paying monthly on each of the amounts so I can have them changed from 01/03/2016. I am 65yrs old

Incorrect logbook information

  Written by Marc   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?

  Written by Marc   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"?

How do I calculate employees tax?

  Written by Marc   Posted 8 February 2016

How do I calculate employees tax when there's an annual amount?

Revenue paid offshore

  Written by Marc   Posted 8 February 2016

If a South African company is paid offshore for services rendered within South Africa, is the company obliged to bring the revenue back to SA?
Revenue is reported on in SA, it's just that it gets paid offshore. Bringing it back every month incurs a lot of bank charges, amongst other things. Many thanks

Medical costs deducted on IRP6 form

  Written by Marc   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

  Written by Marc   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?
Older posts →← Newer posts    21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  40  41