Tax Q&A
Is it better to buy or lease a vehicle for a commission earner?
I am a real estate agent and require a vehicle to travel to appointments, etc. Would it be better to buy a vehicle (new or used) or lease a vehicle? My unders
Read moreChanging from tax consultant to TaxTim
My tax returns was done by a tax consultant previously, can TaxTim help me even if I don't have his login details? Yes, when you go through the process on
Read moreTravel Claim for independent contractor
Firstly, thanks for this very informative site! I am an independent contractor. I have used my vehicle for business use (without making a claim for re-imbursem
Read moreTax on Dividends received by Share Holder
I have a EME Company registered for turnover tax. The profit is under R200 000, thus exempt from Dividend Tax. When I pay dividends to one of the two 50/50 sh
Read moreFollowing the receipt of an ITA34 indicating the refundable amount, are there further steps needed?
Following the submission of my tax return I received an ITA34 (on the 25th October) stating that a certain amount was refundable to me. I've yet to receive th
Read morePrimary residence that is jointly owned by my wife and I considered a partnership agreement?
My wife and I sold our primary residence this year. The property was on both our names. One of the questions on the tax return is:"Was the joint ownership des
Read more1st assessment vs 2nd assessment SARS
Dear Tim, could you please advise how can SARS owe me on my first assessment and ask for additional document and now on the additional assessment they have in
Read moreTax on irregular income
I am a freelance consultant and I get money on an irregular basis. Am I eligible to pay tax, and how would that be calculated? Following is an example of my
Read moreDirective outstanding
Quit my job. Got a new one. Had my pension transferred to an Alexander Forbes preservation fund. The full amount is listed on my tax return as lump sum income
Read moreCan a spouse be a dependent?
My wife stopped working in December last year to further her studies. I have been supporting her financially this year. Can I claim dependency deductions for
Read moreCash donation received from Mom R96,000 to pay monthly debit orders
I studied full time in 2014 and my Mom deposited R8,000 monthly into my bank account so that I could pay my debit orders. The total amount received from her w
Read moreSole prop lending money from owner
We are running a sole prop from home. During bad months we find ourselves batting to get work. We have taken money from our own personal accounts to put into
Read moreNeed help to reconcile my filing, not filed since 2013!
I haven't filed since 2013, can you help me reconcile my outstanding filing? Yes, you can make use of the TaxTim service to file old tax return. Just e
Read moreDoes a foreigner with a 5 year contract to work in SA need to file a tax return?
If a taxpayer from Germany has a 5 year contract to work in South Africa for a South African employer (of an international company), would that taxpayer need
Read moreThose who pay own medical - where do I input Medical Tax Credit (MTC) on efiling?
If you pay your own medical aid (employer contributes nothing) and you wish to get your Medical Tax Credit (MTC) do you input the MTC on e-filing under code 4
Read moreForeign service income exemption
I was hoping to pick your big tax brain before I submit my tax return and cause chaos at SARS.... I qualify for S10(1)(o) in terms of foreign services rendere
Read moreTravel allowance offshore
Is the offshore allowance for travel R3000 for 2015? The travel allowance is set at R1m.
Read moreWhats a rate for R5000 salary p\m
How much tax should I pay from a salary of R5000 per month? No tax other than UIF of R50 should be deducted.
Read moreAuto completion letter
Hi Tax Tim. I received a email yesterday from SARS. The letter stated... Auto completion letter. Does this mean I can expect the money SARS owes me anytime so
Read moreWhat should I take into account as "Financial Instruments listed"
I am a director of a private company. On my ITR12, I am required to complete the SOLALA01 section but I am not sure what should be listed under "Financial Ins
Read moreDaddys Deals voucher
I bought a Daddys Deal of 50% discount. Where do I enter the code? Great! The voucher code is entered on the final payment page. This page appears after yo
Read moreIncorrect medical expenses, can I correct my tax return that is already submitted?
I calculated the incorrect amount for my medical expenses, but I see my tax return is already submitted. Can I still change the amount? And how do I upload my
Read moreCan you complete the tax return for me?
I have all data available. No patience or time to complete tax return. Can you please assist? Yes, sure we can assist. Please register for our service. TaxTim
Read moreWhere do I declare full cash payment from pension fund?
I transferred from one company to another that outsourced their information systems department with a section 197 transfer a year ago. I decided to withdraw t
Read moreIs there any entitlement from GEPF after my pension money was paid?
I have worked for the public service for 15 years and resigned end 2014. I received my pension pay out around February 2015. Is the anything that I still need
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