I'm on a commission only based income - my income varies substantially monthly what should I be taxe

Posted 4 July 2013

One month I could earn R20,000.00 and the next month R5,000.00 I get no basic, allowances, pension, medical etc

How do I claim for buying a house?

Posted 4 July 2013

I am a freelancer in the film industry. I have been told that I can claim back for buying a house and renovating it. Is this true? I would also like to claim back for my car expenses. I have receipts for fuel and maintenance and my opening and closing kilometers for the tax year. I'm not sure how to fill in the log book though, do I need to fill in for each trip?

Leave pay

Posted 4 July 2013

I work as an sales rep. I don't know how to call this. At my previous employer I got a (leave pay bonus) if I took leave. They explained it to me at the time that because I work for commission that I was entitled to the (bonus) as if I made a sale in that month so they paid me this (leave pay)

My new company does not know what I'm talking about and my previous employer has closed down.

Do you maybe know what I'm talking about?

What is the tax implication if have use of a company car? and can I claim any deductions on my ITR12

Posted 4 July 2013

What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook?

When submitting return what documents do I need to have?

How do you apportion depreciation for a PC with both business and personal use?

Posted 3 July 2013

I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it is mostly used for work, I do use it a bit for non-business purposes as well.

Could you please tell me how I would calculate an apportionment like this and if I would have to have been keeping records of use for the computer?

Payslip

Posted 3 July 2013

I have a problem understanding my payslip. I am a freelance and earn only commissions.
I dont know what to claim of my income tax;
My payslip consist of:
- Total earnings : 7500
- total company contributions : xxx
- taxable earnings : xxx (what does that mean)
- tax : xxx
- total deductions : xxx
- net salary : xxx

What is tax and total deductions? Those two amounts sometimes differs and sometimes are the same. As I am a freelance and work by ...

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Cellphone depreciation?

Posted 3 July 2013

What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?

May I claim my km to and from work if I get a travel allowance?

Posted 2 July 2013

I only use my car for business and to and from work.

Provident fund transfers to Retirement Annuity - are there tax implications?

Posted 2 July 2013

I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the ...

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Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?

Posted 2 July 2013

Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...

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Should I have proof of out of pocket medical expenses?

Posted 2 July 2013

I didn't keep any invoices for my out of pocket medical expenses, can I still claim on them?

Hi Tim, I get travel reimbursement from my company at R3.24 per km traveled.

Posted 1 July 2013

The code on my IRP5 is 3703. Should I claim costs against this?

How to claim for km used and for own private vehicle use for work?

Posted 1 July 2013

The new information to create your personal income tax return now only give you a option "do you want to claim expenditure against the employer provided vehicle.

I have not kept a logbook but I can almost accurately estimate total business travel, what can I do?

Posted 1 July 2013

Travel allowance can you help with retrospective reconstruction of log book and how much is the service?

Can I claim my laptop for tax purposes?

Posted 28 June 2013

I did freelance work through my company, but it was paid in as my salary, so not recognized as freelance work and means I'm unable to claim any expenses. Can I claim the laptop I bought and used to work from home on as a business expense?

PAYE if I have 3 day a week permanent job and 3month contract with 2 days a week?

Posted 27 June 2013

If I work permanent 3 days a week get R5180 per month before tax, and a contract for 3 months 2 days a week at R6000 per month before tax. How will my tax work?

fringe benefit-conmpany provided vehicle

Posted 27 June 2013

Hi TaxTim,

I earn a basic and my commission is more than 50% of my annual basic. I sell luxury automobiles for a living.

I see on my IRP5 under "Income received "an amount of R65 000 "Use of Motor Vehicle" (PAYE)

Is there a specefic place where I insert this amount on my tax return?

I kept a logbook stipulating opening,closing KM'S, private and business KM'S

My company provides me with a company vehicle in order to sell and generate an income....

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2013/2013 allowable Commission expenses to be claimed

Posted 26 June 2013

Just want to make sure if the 50% rule is still in place regarding commission income? The same as 2011/2012? Meaning your Commission income must be 50% more than other income to claim any expenses against commission.



Independent Contractor...what can he claim?

I earn a basic salary but earn a commission ever quarter what tax would I pay on my commission?

Posted 24 June 2013

I earn a basic salary of 6500 after deductions. I also earn commission which is paid out every quarter this quarter amounts to over R7 000.

How does reimbursive travel allowance - non-taxable work?

Posted 19 June 2013

How will the following effect my tax refund and where do I enter the amount : re-imbursive travel allowance non taxable?

VAT registration?

Posted 19 June 2013

I have just started a small business. What must my turnover be to register for VAT. Currently I am paying VAT on my purchases but not charging VAT on my sales.

If out of the country for longer than 183 days, what portion of my income is exempt from tax?

Posted 19 June 2013

I worked for a South African company (for 1 year), and did most of my work in another country, where I meet the 183 day & 60 consecutive day requirement. My question is: I earned a basic salary, plus allowances for being in another country, e.g. food allowance, transport, accommodation, etc. These allowances were paid together with my salary. Based on my total income from the company - what portion of this will be taxed and what will be exempt?

What is the definition of a payment

Posted 18 June 2013

Does debt comparison constitutes the definition of a payment?What constitues a payment

How would I handle tax for freelance work?

Posted 17 June 2013

I've just started at a company doing part time work (22nd May). I get paid on an hourly basis, and the amount hours I work is up to me (very flexible - I am a student). I work about 120 hours a month which returns over R10 000 per month. Since it wont be a fixed amount every month (could be less, could be up to R16K), am I provisional tax payer? The first IRP6 is at the end of August, how would I go about handling this?

Would I be expected to pay 25% of all the income from June 2013- February 2014, on payment #2 IRP6 (February 2014)?...

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Can I claim for tax if I have been overseas for a year?

Posted 17 June 2013

My company has sent me overseas for studies with full pay for a year. I also receive an allowance for all my expenses overseas (accomodation, food, transport ...etc).
My first question: Should I declare all the allowance received while I was overseas? My second question: Can I claim for taxes that my employer has paid from my salary while I was overseas?
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