TaxTim provides expert assistance at every step of the way - we'll make sure you include all the right information for every deduction, resulting in your maximum possible tax refund. With our helpdesk available to help any time, we make tax as easy as 1,2,3!
Save on expensive tax practitioner fees with professional tax assistance from just R249. TaxTim helps you step-by-step to complete your tax returns quickly, easily and correctly in under 20 minutes!
Skip the queues! You can do your own tax return easily and conveniently online, and get finished with tax in 20 minutes or less. TaxTim contains the knowledge of professional tax practitioners and will guide you step-by-step. It's easier than you think :)
As of July 2013 SARS declared it illegal for anyone other than a registered tax practitioner to assist people with doing their tax returns. Unless the person you know is a tax practitioner, them doing your tax return can lead to trouble for both of you.
This year try TaxTim - our service offers the knowledge and expertise of a trained tax professional, with an easy-to-use friendly interface.
You've come to the right place! TaxTim has made tax easy for over 4.4 million South Africans to date. Our service asks simple questions one-by-one, then fills in your tax return for you. We skip all the complicated stuff and allow you to do your own tax return quickly, easily and with confidence!
I have paid off/settled my car 4 years in advance that I use for business and private purposes. So far I've kept track of km for each and apply that percentage to my monthly installment as business expence. But how to go now about with the settled amount paid? What percentage must I use to allocate for tax purposes?
How are you currently claiming your business mileage for tax purposes?
Anonsays: 6 January 2015 at 9:16
I keep daily track of mileage for business and private, then month end I calculate how much I did for both, and the business percentage for mileage I apply to my car expense for petrol and monthly installment. But now the vehicle is paid off. Can I use a certain amount of that amount used to pay off the car to claim as business tax as I'm still using the car for both business and private? And how do I continue claiming for tax afterwards?
TaxTimsays: 8 January 2015 at 9:14
If you travel less than 8000km then you can use the official SARS rate per km which will include the value of your vehicle as well. Otherwise you can depreciate your car over 5 years at the value it was worth when you settled it. Use that as a basis to apportion between business and private use.
Anonsays: 11 January 2015 at 21:04
Thank you,but how to go about with the amount I used to settle the car - i.e can I apply a certain amount for business tax? Or does that settled amount not apply if I depreciate the car every year then? You're a great help,many thanx
TaxTimsays: 12 January 2015 at 7:58
The settled amount does not change the value of the car, for wear and tear this is based on the actual value of the car and is written off over 5 years. You cannot unfortunately deduct the actual cost of the car in one year.
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.