I pay rent monthly, can I claim a portion back from SARS?

  Written by Nicci   Posted 12 May 2016

If I am renting out a flat, can I claim a portion of what I pay back from SARS?

How do I get a tax number when I am expecting a varying income from offshore investments?

  Written by Nicci   Posted 12 May 2016

How do I apply for a tax number when I am expecting a varying monthly income by investments internationally?

Tax implications of UIF benefits

  Written by Nicci   Posted 12 May 2016

I retired at age 65 during the course of the 2016 tax year. I claimed UIF retirement benefits which I received monthly (part in 2016 tax year and part in 2017 tax year). Will this UIF retirement benefit impact on my annual taxable income? Will I be receiving an IRP5 or IT3a from the UIF?

Tax on divorce settlement

  Written by Nicci   Posted 12 May 2016

I would just like to know if I will be taxed on my divorce settlement?

Tax on gambling winnings

  Written by Alicia   Posted 12 May 2016

Is lotto winnings taxable?

Is it allowable to claim coffee, tea and filtered water for business purposes in a private company?

  Written by Nicci   Posted 12 May 2016

To what extent can one deduct coffee, tea and filtered water for business purposes (operating as a private company)? I am fully aware that input tax cannot be claimed on these expenses. Will one however be able to deduct for income tax purposes under Section 11(a) if the purpose of buying the coffee, tea and water is to consume during business hours?

Rental Income on room rented at Primary Residence

  Written by Alicia   Posted 12 May 2016

You speak about rental income earned on a second property, and expenses (interest, electricity, etc) that can be deducted from the income. Does the same apply to a primary residence owned by the taxpayer where additional income is generated eg. By renting out a room in the property?

Tax on rental income

  Written by Alicia   Posted 12 May 2016

I have a friend that wants some advise, she owns a business, her husband owns a business. They own property where tenants live. My question is, if they married in community of property who should declare that rental income.

Do we record the VAT inclusive amount in our books of accounts?

  Written by Nicci   Posted 11 May 2016

Do we record a Vat inclusive amount in the purchase account? e.g.. Purchased equipment for R108 300(inclusive of VAT) on credit, or do we just record the amount exclusive of VAT.

Taxes for a R5000 part time job for foreign student visa holder

  Written by Nicci   Posted 11 May 2016

As a foreign student, do you have to pay taxes on a salary of R5,000 per month. I am working 80 hours per month.

Can I net off rental income against my rent payments?

  Written by Nicci   Posted 11 May 2016

I am receiving rental income on my primary residence and am paying rent to stay in another apartment. Obviously I need to declare the rental income but can any of the rental I am to paying out be set off against this income?

Am i due for a tax refund?

  Written by Alicia   Posted 11 May 2016

I want to know if SARS owes me money

Tax penalty on outstanding returns

  Written by Alicia   Posted 11 May 2016

I haven't filed a tax return in 2 years what is the penalty?

Tax calculation

  Written by Alicia   Posted 11 May 2016

Tax applicable to monthly salary R29,024. 00 for a period from 3rd Nov'15 to 29th Feb'16

Tax Directive

  Written by Alicia   Posted 11 May 2016

How long does SARS take to issue a tax directive?

After a tax directive is issued, how long can it take for funds to be paid into one's bank account?

Car allowance calculation

  Written by Nicci   Posted 10 May 2016

How is the car allowance calculated if the car cost the business R165 000 (excluding VAT) when it was bought last year (tax year ending 28 Feb 2015) Purchase price did not included a maintenance plan and the employer expected him to use the car equally for business and private. Monthly value of the use of the car for tax is 3. 5% of VAT inclusive cost of the car.

Can I claim for medical expenses?

  Written by Alicia   Posted 10 May 2016

Went on early pension at age 55 December 2014 after working for 27 years at the Goverment. Receive every month a pension amount. Can I still claim medical costs paid by me.

Can I get a tax refund?

  Written by Alicia   Posted 10 May 2016

In 2014 I was working on campus, and I recently found my payslip from 2014 December showing that I had earned a gross payment of 6540, whereas I only got paid 4340 in my bank account... Could this mean I was taxed? and is it still possible to get refunded?

How much tax for R100,000 sign up bonus?

  Written by Nicci   Posted 10 May 2016

I joined a company which agreed a sign up bonus of R200 000 of which 50% (R100,000) would be paid in first month. And this sign up bonus is taxable, so how much tax would be deducted on my first payment of R100,000?

Does SARS have a right to deduct from my salary for SARS debt related to previous employment?

  Written by Nicci   Posted 10 May 2016

Does SARS have the right to take money from my current employer for my previous employer SARS debt?

Tax return help

  Written by Alicia   Posted 10 May 2016

I'm new to all this tax return issues. I do pay my tax every month. I just want to know what the process is when doing a tax return. Please advise.

Can TaxTim update my banking details at SARS?

  Written by Nicci   Posted 10 May 2016

I am unable to go to SARS to update my banking details etc Can TaxTim do that for me?

Can SARS hold a vendor liable for VAT prior to being registered?

  Written by Alicia   Posted 10 May 2016

My B&B started trading in Aug 2015, it's year end is Sep so the first set of Annual Financial Statements will be dated Sep 2016 (14 months). Our management accounts dated April 2016 reflect our revenue is already around R650,000. We are not yet registered for VAT but we'll be doing so very soon. My concern is do we now have to register, submit and pay all the VAT from Aug 2015 to current, OR do we just register, submit and pay from now going forward? I read somewhere that according to the VAT Ac...

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provisional tax due

  Written by Alicia   Posted 10 May 2016

I am now an au pair. Dont know if I need to pay tax. I am getting a monthly salary of R7000. However if the family go on holiday I do not get paid. I also do not get paid on a specific day. Will be before or just after the last day of the month. What must I do?

CGT on primary property worth less than R2m

  Written by Nicci   Posted 9 May 2016

My mum (78 years) wants to sell her house (market value is R1,7million) due to her deteriorating health, she can no longer stay on her own now, what are the the tax implications? Property was purchased in 2008 for R1,1million
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