Tax Q&A
Can I claim bank fees if I'm a sole proprietor?
Can I claim bank fees if I'm a sole proprietor? Yes, but only on the bank account related to the income earned from being a sole proprietor.
Read moreAs a sole proprietor I don't have an IRP5, how am I going to complete my Tax return?
As a sole proprietor I don't have an IRP5, how am I going to complete my Tax tax return? Click yes to the Business Income section on the setup page.
Read moreIRP5/IT3a for self employed
I am stuck here as I'm self employed, can someone help me out please:Did you receive an IRP5/IT3a from being employed as an employee, from contract work, or f
Read moreTo calculate home/office expenses must this calculation be done for every month of whole year?
The formula that you use to calculate home/office expenses must this calculation be done for every month of whole year? If the amount of months worked is a
Read moreResigned 7 minths ago
I resigned my job 7 months ago and received my IRP5. I don't have a job at the moment. Do I need to let SARS know that I am jobless and don't earn an income?
Read moreDeductions against code 3616
I have 7 IRP5's2 of them are salaries from different companies code 3601 value R2294002 are as an independent contractor code 3616 value R514321From the salar
Read moreDo two owners need to split rental expenses and income in a tax return?
My wife and I share a rental property and split costs equally. Are we meant to split these on our tax returns or should we populate only what we each pay from
Read moreView Tax Summary
I would like to complete my SARS SARS eFiling online without submitting from TaxTim. Reason is I need to delete some stuff and SARS eFiling seems clearer to f
Read moreWhen can I expect the money in my account?
I've submitted my tax refund on the 19th Nov and on the 23rd I went back to SARS to fix my banking details. How much time it takes for me to get the money?
Read moreProvisional Tax Payer and not a Individual
I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in
Read moreI want to declare a new income source.
I want to declare income this year for the first time. Network marketing income. I already earned it in previous tax years but did not declare it. Will this b
Read moreRebate on travel allowance
How can I calculate what to expect on tax return rebate for travel allowance? Please make use of our Travel Allowance calculator to see deduction, but not
Read moreCan a director claim cell phone exp if there's no comm on IRP5?
If you are a director of a company but you didn't earn commission on your IRP5, can you claim for cell phone expenses? Did you use your cell phone for wor
Read moreTax overseas return?
I worked abroad on a ship for 8 months and want to know if I exempt from paying tax and how do I go about ensuring I am exempt when filing the tax return.
Read moreHow do I varify banking details for a refund if I no longer live in SA
SARS has requested me to varify my banking details for a tax refund, I no longer live in SA and do not have a local address. Is there some other way I can do
Read moreUIF benefits, where to capture?
Morning Tax Tim,In 2014 I claimed UIF benefits. Where do I capture this on the ITR12? You do not need to claim this on the ITR12, it is not relevant for ta
Read moreChange amount of tax return document already submitted to SARS
I have already submitted my tax return for the year 2015, but I want to correct the amount on source code 4006. Can you please assist urgently to correct that
Read moreCertificate pre-populated on return that I have not received
My previous employer submitted a certificate which I have not received. I am following up with the contact people from previous employer but they cannot trace
Read moreTax on interest only, no other income
I am a non working wife, married out of community of property. I am not workingI am 55 years oldI have just received R2 000 000. 00 and have invested it in th
Read moreCan wear and tear allowances be claimed on tents used for entertainments purposes?
A company bought tents for cover for their rooftop garden, which is used for entertainment purposes. Can wear and tear allowances be claimed thereon and what
Read moreCapital gain from trust split between spouse and myself
I earn a salary and have an IRP5. This year I have received a capital gain distribution from a trust of which I am a beneficiary of. A property was sold in th
Read moreIs inheritance money a Non-Taxable earning? P1 of the ITR12
I received inheritance money in the 2015 tax year. On the first page of my SARS SARS eFiling ITR12, there's a question: "Did you receive any income that you c
Read moreClaiming a living out allowance
I do consulting work from time to time which means that I am away from home for several months at a time. With my past contracts the employment agency has arr
Read moreCan I avoid CGT on the sale of EFTs if I move the proceeds directly into an RA.
I am 61 yrs. Old. I have been investing in ETF's as a form of retirement savings since mid 90's. I would like to move my total EFT's into an RA. Would SARS a
Read moreCan I still claim tax on this
I worked in the film industry and paid tax a while ago but never claimed any tax? You can only claim a tax refund if you were earning income and overpaid t
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