What is the tax situation is w.r.t. a donation of less than R100 000 from a child to a parent?

  Written by Marc   Posted 30 January 2013

I know that it is possible to donate up to R100k per year to your children, but what about a donation to your retired parents? Especially if they are financially dependent on you?

How do I fill in the form as a salary earner PLUS freelancer?

  Written by Marc   Posted 30 January 2013

If I earn extra money as a freelancer, over and above my monthly salary, and I'm not registered as a business / CC, how do I fill that in on the form? i.e. I'm not the "director of a Private Company or a member of a Close Corporation" as it says in Section 13 & 14 - but I do freelance work outside my job that pays me (and some of it is foreign income).

How to do company tax returns?

  Written by Marc   Posted 30 January 2013

How many times should I submit the returns for my cc?

Entering Personal assets for the first time on ITR12

  Written by Marc   Posted 30 January 2013

I am a member of a CC, and need to enter personal assets for my ITR12. This will be the first time that I will be entering the values of these assets, although I have held these assets for a couple of years. I am concerned that the increase from zero in previous years will trigger investigation by SARS, is this the case, or do I just enter everything now, and ensure everything is kept up to date going forward.

How long does SARS take to pay out an income tax refund?

  Written by Marc   Posted 30 January 2013

I received my notice two days ago and want to know how long it takes for SARS to pay out a tax refund?

Tax Exemtion status

  Written by Marc   Posted 30 January 2013

My name is Sam working for the NGO and we have received a tax exemption and the Public Benefit Organisation status how that can help us in our fundraising for our programes and what is the procedure to identify donors?

Can you help me with Provisional Tax return?

  Written by Marc   Posted 30 January 2013

I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told last year that I am a provisional tax payer because of the savings I have and the interests I receive from these (over the allowed amount). I went to SARS to assist me with my first Provisional Tax Return in August 2012 & had to pay in R1000. I am very nervous to do Period 2 for 2012/2013. Are you able to assist me?

I don't know how to answer "Did you make any retirement annuity contributions?"

  Written by Marc   Posted 29 January 2013

I don't know how to answer "Did you make any retirement annuity contributions?"... I do have a retirement fund, but the contributions come straight from my Cost of Employment at the University of Cape Town before I get my salary, and they're on my IRP5.

What are the allowable retirement annuity deductions?

  Written by Marc   Posted 29 January 2013

With regards to current year dedcutable amounts allowed, what is the 'amount b/f from previous year' and 'amount c/f to following year' (how are they calculated on a tax assessment?)

Will you be providing a return for the IT34 for submission to SARS?

  Written by Marc   Posted 29 January 2013

The ITR12 is not the only SARS tax form that needs completion, there is the IT34 final assessment that also needs completion.

How do I get my IT3b and IT3c forms?

  Written by Marc   Posted 29 January 2013

How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.

Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?

If they are sent automatically, when should...

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Do domestic workers pay PAYE?

  Written by Marc   Posted 29 January 2013

Do they pay PAYE?

emloyment tax compliant

  Written by Marc   Posted 29 January 2013

I am employed by a new company from 1 April 2012, after i resigned from the Dept of Defence, so i did not receive my tax IRP5 to comply for 2012,how do i go about complying for 2012 tax compliant.

Please assis

How to register a small business, my tuck shop, I want to be tax compliant!

  Written by Marc   Posted 29 January 2013

I have a small business how do I start to be a tax compliant for my business?

Work over Internet and want to pay taxes! How?

  Written by Marc   Posted 28 January 2013

For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...

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Do I need to submit deductions if total income is less than tax threshhold?

  Written by Marc   Posted 28 January 2013

Over the past years I went to great lengths to work out all my expenses for my provisional Tax return for my small, part-time therapy business and renting out a small flat. Do I really need to do this even if my total income does not reach the tax-threshold? This question still pertains to last tax-year (ending 28 Feb 2012),

Can I claim back on RA contributions if my business is the payer?

  Written by Marc   Posted 28 January 2013

I'm self employed, I have a retirement annuity but my premiums are paid through the business.

I live in South Africa, but working for a offshore company.

  Written by Marc   Posted 28 January 2013

I live in south africa, but working for a offshore company. They pay me a salary/package, but do not deduct any paye/tax from me. I need to sort this out myself with sars from within South Africa

What is the process that I need to follow?

What is a SARS audit?

  Written by Marc   Posted 27 January 2013

WHAT HAPPENS IF I ASK A PRACTITIONER TO HELP ME WITH E-FILING AND YOU LATER DISCOVER THAT I WAS SELECTED FOR AUDIT? DOES IT EVER GET REMOVED ON MY NAME AFTER A CERTAIN PERIOD?

Please can you advise on how to complete medical expenses including disability on 2012 ITR12?

  Written by Marc   Posted 27 January 2013

I would really appreciate your advice on completing the medical expenses section on the 2012 ITR12.

We have large amount of both disability expenses and other medical expenses NOT paid by medical aid and am not sure how to complete the Medical Deductions section on the ITR12.
The certificate from the medical aid shows an amount not paid by them - where do I put this amount? Is it code 4020?

Do I need to split the other medical expenses incurred and not paid by the medical aid, into disability and other and show them separately, ie disability 4023 and other added to 4020?...

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How to calculate an asset depreciation calculation?

  Written by Marc   Posted 27 January 2013

1. Is it possible to claim for depreciation for individually-purchased PC components? For example, if I purchased a monitor separately, or custom-built a PC (HDD, RAM, CPU, etc.). If so, would I use the "Computers: Personal" asset type when performing the calculations?2. If an asset is used for work non-exclusively, would I simply claim a percentage of the depreciation? For example, if a monitor cost R3000 and the deductable amount was R900 for the tax year, but I used it only 80% of t...

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Am I entitled to claim home office expenses?

  Written by Marc   Posted 27 January 2013

- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")

The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...

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What can you claim if you earn commission?

  Written by Marc   Posted 27 January 2013

I earn a salary but more than 50% of my income is commission, what can I claim back?

Ho much tax do I have to pay?

  Written by Marc   Posted 25 January 2013

I work as a facilitator I pay tax but not sure how much and how they calculate it. How much tax do I have to pay p/m if I earn R13 000?

What is tax on a pension fund withdrawal?

  Written by Marc   Posted 25 January 2013

I resigned from my previous employer on the 28th Fevruary 2012 and got paid a pension lump sum in April 2012. The lump sum was taxed at 18% (witheld by the pension administrator). I got employed in August 2012 and I am on a new pension fund and paying PAYE normally. For my 2013 tax return, will SARS refund me the tax the deducted for me cashing out the pension lump sum?
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