Can you pay provisional tax once per year?

  Written by Marc   Posted 30 August 2015

Can you pay provisional tax just once per year in Feb

Comparatives for tax thresholds

  Written by Marc   Posted 30 August 2015

What was the requirement for submitting tax return for the following years. In terms of the threshold. 2011/12
2012/2013
2013/2014
2014/2015 = R350000

Im been audited and I want to know if I can complain to someone

  Written by Marc   Posted 30 August 2015

It says I have selected for Audit. For the last 3 years I have been requested to send all my documents through to SARS I have done so I have even fully explained on the IRT12 what other amount I claim each year for my Business Cell Phone Contract which is fully deducted from my payslip, I also keep a log book and my tax Certificates. This year I was only requested to verify Source 4016 which I did I sent all the Company Invoices which has the Cell Number on it and is addressed to the company I w...

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Where to record a donation

  Written by Marc   Posted 30 August 2015

Who must record a donation of R100 000? The donor or donee and where on the tax form must it be reflected.

Medical scheme tax credit

  Written by Marc   Posted 30 August 2015

Provisional Tax - how to work out the amount for "medical schemes fees tax credit" and "additional medical expenses tax credit". I believe there is a specific formula to use.

Can not afford to pay my tax.

  Written by Marc   Posted 30 August 2015

I have to pay capital gains tax of R200000. I can not pay this amount. What must I do?

Will being audited result in my company pension not being payed out

  Written by Marc   Posted 30 August 2015

My 2011 and 2012 tax returns were outstanding. I filed them today. I am now being audited. My pension fund is paying out and will only be paid out if tax clearance is given. Will the fact that I am being audited influence my tax clearance?

Are medical insurance premiums deductible?

  Written by Marc   Posted 30 August 2015

Are medical insurance premiums deductible? I am an individual who contributes for myself, wife and 2 kids.

How much tax for R41000

  Written by Marc   Posted 30 August 2015

How much will be deducted for tax if I claim provident fund for R41000

Can I claim depreciation on a personal vehicle even though I get a travel allowance

  Written by Marc   Posted 28 August 2015

I received a travel allowance and have a logbook, can I claim depreciation on my personal vehicle based on percentage of business usage

Are home office refurbishments tax deductible?

  Written by Marc   Posted 28 August 2015

I am a sole proprietor of a business and work from a study at home. If I refurbish my study (e. G. Put in fixed cupboards and shelving) with the express purpose of improving my business workspace, is the cost of the refurbishment tax deductible? If so, under what item do I place it? Similarly, if I buy items for my home office (e. G. Office chair), are those tax deductible?

Earning income outside of South Africa.

  Written by Marc   Posted 28 August 2015

Hi Tim, Before I start a Tax Return I need to ask a few questions. I currently am working in the UK. I started in July 2014 to date. I submitted a tax return in SA for the 2013/2014 tax year, but my last income was January 2013 (paid tax on a Pension/provident fund early cash out for this period). I keep a current address, and still have a bank account, and assets such as a car, etc in SA. I do not own property. Under what circumstances would I be required to submit a tax return in SA, and if so...

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Do offshore workers pay tax ?

  Written by Marc   Posted 28 August 2015

I am working for a UK company in the offshore outside South Africa. I work 6 weeks away then 6 weeks in South Africa. I usually stay out of South Africa for more than 183 days but not 6o days consecutive. Being an offshore worker, am I still liable for paying taxes in South Africa?

Provisional Tax, should I submit?

  Written by Marc   Posted 28 August 2015

I get income through three sources:
- Salary
- Rental Income
- Affiliate Advertising Income

This year, I filled in my tax return (using TaxTim) indicating that I am (or should be a provisional taxpayer). However, my rental made a loss after all expenses and my affiliate income was really small for the year (less than R5,000 after expenses). I received the following from SARS in my ITA34 for 2015 tax season:
"According to the information you declared in your income tax return, you were liable to pay provisional tax for this year of assessment...

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I filed my return for 2012 since it was overdue now SARS is asking for supporting document and I do

  Written by Marc   Posted 28 August 2015

I filed my tax return for 2012 since it was overdue now SARS is asking for supporting document and I do not have my IRP5 with me.

How much I must pay/be paid?

  Written by Marc   Posted 28 August 2015

Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -316. 36

Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R 4621. 86. For a statement reflecting your final balance (including all amounts payable or refund...

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Earned R43000 comm earner year ended feb 2015, travel & depreciation R17000 will I get tax refund

  Written by Marc   Posted 28 August 2015

Earned R43000 commission only year ended feb 2015, have travel expenditure of R13800 with log book and depreciation of R4200 on my vehicle, will I get tax refund?

What expenses can I deduct to calculate my taxable income

  Written by Marc   Updated 28 August 2015

Please enter your Taxable Income. This is your Gross Income minus the business-related expenses from business or rental income. Also subtract any contributions to a pension fund or retirement annuity fund, donations, depreciation and other travel allowance deduction and any exempt income. Does this mean petrol, stationery, ink rent etc.?

Company changed trading name and I cannot get my 2011 IRP5 from new company

  Written by Marc   Posted 28 August 2015

Hi, I submitted my tax return this year 2015 and they owe me a refund, only to be asked for 2011 tax returns and 2013, 2014 when I filed I was not asked for 2011 tax return and I was paid refunds, when I check 2011 tax return on SARS eFiling it is black and I refreshed it still black. October 2011 I resigned, and joined another company that is the year my tax return is blank. And the company I resigned from I now merged with the other company and changed the trading name. When I contact them for...

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How much will I get if I start claiming my returns from 2013.

  Written by Marc   Posted 28 August 2015

I have been employed since 2013 and have not claimed my tax returns since then, so I would like to know how much I would get back if I claim this year.

I called my previous employer for my irp5, but they sent me an IT3a can I use it as supporting docum

  Written by Marc   Posted 28 August 2015

I called my previous employer for my IRP5, but they sent me an IT3a can I use it as supporting document.

Do you pay tax on leave pay outs?

  Written by Marc   Posted 28 August 2015

An employee wants us to pay out 10 days' leave? Is it taxable?

Additional Medical expenses

  Written by Marc   Posted 28 August 2015

Why when I include medical expenses that are not covered by my Medical aid, does my tax return not change?
No refund at all.

Can I deduct financial support for my parents from my tax?

  Written by Marc   Posted 28 August 2015

May I deduct contributions made to support my parents expenses to pay for the old age home. His pension is about half the amount of his medical aid. We are three siblings and all pay in R3,500 per month to support their stay in a one bedroom full board stay in an old age home. He contributes what he can.

Taxation on UK pension lump sum payout (Aged 55 and now reside in SA since 1 Jan 2014)

  Written by Marc   Posted 28 August 2015

I have decided to cash in my Pension Pot in the UK (I was 55 years old in 2014 and therefore can retire) - I have been paid out UK Pound amount 47843 of which tax of UK Pound 19977 was deducted. I now need to recover this tax from the UK and then submit same to SARS. My query is therefore:
1. I need to complete UK/SA double taxation form to apply for relief of income tax at source ie UK and claim back my tax
2. I need to submit??? to SARS for them to calculate tax owed by me - I would however need help with this so as to understand how much tax will be owed (would be interested to know what conversion rate will be used by SARS in the calculation)...

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