What forms are required to submit for filing my tax return?

  Written by Marc   Posted 4 August 2012

What form(s) do I need to fill in? and what if I don't have an irp5 certificate from my employee?

May I deduct contributions made to my father's medical aid?

  Written by Marc   Posted 4 August 2012

"This is a common problem here in South Africa, what to do if you pay for someone's medical aid. The practice is that you can claim this benefit, if asked for documentation from SARS you will obviously have to produce the records you have mentioned above."

Are there regulations / documented precedent that I can cite to support this? I am having difficulty in getting GEMS to understand my request for a tax certificate for another main member (my father) who's medical aid contributions ...

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I earned less than R120 000, can I still submit a tax return?

  Written by Marc   Posted 30 July 2012

Can I file a return? I have no deductions or supplementary income. If I submit the return will I stand to get any refunds? Can I also register for a tax number without going into a branch?

How much tax am I going to pay each month?

  Written by Marc   Posted 30 July 2012

Employee earns 10500 per month
Medical aid - 1630 ( member + 3 dependants )
Pension - 7.5 %
Pension Company - 9.5%
Uif - 1%

How much tax would employee be paying monthly, please insert the formula as well?

I started working in April this year, when do I have to start paying tax?

  Written by Marc   Posted 30 July 2012

What are the procedures that I should follow as a new income earner?

What is the small business/home business Income Tax threshold?

  Written by Marc   Posted 30 July 2012

I would like to start a small design business to supplement my income. What is the maximum per annum that is taxable? Many thanks.

I am a shop assistant and I have extra part time work, how does the tax work?

  Written by Marc   Posted 30 July 2012

First of all thank you for providing this helpful service.

I have been working as a shop assistant since February doing shift work. I earn approx R4200-R4800 pm. I am doing some extra work part time which will provide an additional income of a maximum R3000 pm. It is related to the shop but not strictly part of my normal shop duties. Does this mean I will have to pay tax on my earnings in total?

Thank you ;-)

My mom is a pensioner and is dependent on me - can I claim her medical expenses?

  Written by Marc   Posted 30 July 2012

My mom is a state pensioner and has been living with me for the past 21 years. She does not earn any other salary other than her state pension. Someone mentioned that I can claim back from tax, as I subsidise her income in order for her to be able to "live". She is also on my medical aid. Is this correct and how do you do this?

I have had 3 seperate employers in the last tax year, how does this affect my income tax return?

  Written by Marc   Posted 30 July 2012

I have had 3 seperate employers for the last tax year, and I have never submitted a tax return before, so I am in desperate need of help. I have been with my current employer since January this year and they issued me my IRP5. How do I include the other 2 employers in my return considering they constitute most of my income in the last tax year?

I tried submitting my return via efiling but they required additional documentation. And also, when I logged on again, my submission form automatically had information of my previous employers without me ever filling anything out. ...

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Does a business get "tax back" on employees medical aid?

  Written by Marc   Posted 30 July 2012

Does a business get "tax back" when paying half of an employees medical aid?

In order to deduct my home office expenses, do I need to be able to prove anything?

  Written by Marc   Posted 30 July 2012

I mostly work from home for my company. In order to qualify for the home office tax deductions, do I need proof that I work from home? If so what qualifies as proof ?

Can I claim medical expenses that I paid, but were for my mother?

  Written by Marc   Posted 30 July 2012

Last year my mother who is 62, and has retired on medical grounds, had to have open heart surgery which i had to pay for. Unfortunately she is not on my medical aid and i had to solely foot the bill of her surgery and all the other medication that she needed thereafter. Do i need to fill this in as part of my medical expenses when filling tax return for the year ended Feb 2012 as these are medical expenses that i incurred and i am the one who paid for this. I do have all the invoices of the expe...

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Why are there different levels of tax rebates?

  Written by Marc   Posted 30 July 2012

Why are there different levels of rebates, i.e, primary, secondary and tertiary, for natural persons? And what are the effects (on both individuals and companies) of the change from STC to dividends tax?

What is the section 11(n) (retirement annuity fund contributions) deduction?

  Written by Marc   Posted 30 July 2012

Do you think that the current section 11(n) (retirement annuity fund contributions) deductions are sufficient to encourage private saving?

Do you think that the section 10(1)(i) interest exemption should be increased each year?

  Written by Marc   Posted 30 July 2012

Do you think that the section 10(1)(i) interest exemption should be increased each year? Why or why not?

Is the decision to replace the medical deduction with medical tax credits more equitable?

  Written by Marc   Posted 30 July 2012

The current medical deduction system provides relief for individuals contributing towards medical schemes and out-of-pocket medical expenses. However it is inequitable in that it affords greater benefit to higher income taxpayers. Will the Finance Minister's decision to replace the current medical deduction allowances with medical tax credits be more equitable and fair to taxpayers across all income groups?

What are the proposed changes to the tax treatement of retirement fund contributions?

  Written by Marc   Posted 30 July 2012

What are the proposed changes to the treatement of retirement fund contributions announced in the 2012 budget? The maximum deduction limit of R250 000 a year for taxpayers under 45 years may seem significant but is it beneficial to all taxpayers?

WHAT AMOUNT CAN I CLAIM BACK ON PERKS TAX FOR A COMPANY VEHICLE

  Written by Marc   Posted 26 July 2012

I pay perks tax on a company vehicle and do minimum private mileage with the vehicle, what can I claim back?

Can you deduct student fees?

  Written by Marc   Posted 26 July 2012

I am a manager currently studying for an accredited MBA which is funded entirely by myself because the company I work for does not have a policy of paying for training and development costs. The MBA is directly related to my work as a manager. I am studying part time and working full time. Can I deduct the student fees, textbooks, stationery and registration costs ? These are sizeable amounts.

What do I do if my employer hasn't paid my employee's tax over to SARS?

  Written by Marc   Posted 26 July 2012

I was employed at a company from 2011/08/01 till 2012/02/01. The employer never paid my tax and did not give any salary advice slip. Can you give advice on how to handle the situation.

I am an employee, how come I owe SARS more money?

  Written by Marc   Posted 26 July 2012

My payslip shows all the deductions including tax that I pay monthly, so I don't understand how I got to owe SARS R1700 where as I pay monthly via PAYE?

If I owe SARS money, is it possible to pay SARS back in installments over time?

  Written by Marc   Posted 23 July 2012

Is it possible for me to pay SARS half the amount I owe for two months, as I cannot afford the full amount in one payment?

Tax season open - What can I claim as a deduction to reduce my tax?

  Written by Marc   Posted 11 July 2012

Salaried employees all over the country are busy filing their tax returns in the hope that perhaps they will be due a refund. For most who earn income from their employer they have already paid their taxes in the form of Pay-As-You-Earn (PAYE), but now what? Although salaried employees are limited, by tax law, as to what they can deduct from their income, there are a few things that can be claimed. Deductions against income reduce ones Taxable Income and thus reduce the amount of tax owing to SARS. The allowable tax deductions are:...

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I've done my income tax return, but now how do I file it with eFiling?

  Written by Marc   Posted 28 June 2012

Not only has TaxTim made it quick and easy to complete your income tax return, but he's recently done the same for submitting your tax return too!

Once your ITR12 has been completed by TaxTim, if you use SARS eFiling, it's now as simple as following the step-by-step guide that Tim has put together. Tim takes you through the entire process, from eFiling registration to logging into your profile, setting up a new income tax return, completing it and then submitting it - with helpful screen shots of the actual SARS eFiling system displayed...

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How do I calculate how much tax I owe?

  Written by Marc   Posted 23 April 2012

TAX PAYABLE is essentially calculated as follows:


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