Take home amount after tax

  Written by Marc   Posted 19 August 2015

Hello Tim. My lik brother got a job that willl give him about 20 000 commission without basic. He needs to know how much he takes home after tax

Medical aid - can I deduct for my father?

  Written by Marc   Posted 19 August 2015

My parents who are financially dependent on me have a medical aid where my father is the main member and mother is the dependent. Each month I am responsible for the monthly payments towards their medical aid. They are however on a separate medical aid from myself. Can I claim for a tax return? If so how do I go about doing it? Thank you

Must I pay provisional tax?

  Written by Marc   Posted 19 August 2015

I earn a salary of R5500 per month, I am under 65 years and receive interest and dividends of R25000 per year. What forms must I complete for my tax return? Must I pay provisional tax?
Thank you

Incorrect year on tax directive is stopping processing of tax return

  Written by Marc   Posted 19 August 2015

Momentum paid out a small pension surplus to me in April 2015 (falls in the 2016 tax year) but dated the tax directive for the 2014 tax year, SARS are refusing to process my tax return due to the income not appearing on my IRP5. Can the directive be amended or is there any other solution available?

Depreciation

  Written by Marc   Posted 19 August 2015

If I have been provided with a work laptop and will need to tax return it if I leave my place of employment, can I claim the depreciation deduction?

Is the sale of an old house & purchase of a new house show on my tax return?

  Written by Marc   Posted 19 August 2015

If I sold my old house for R830,000 & bought a new house for R1,150,000 do I need to inform SARS of this?
I did this in order to move closer to my place of employment.

Academic fees from SARS?

  Written by Marc   Posted 19 August 2015

I'm a full time student who works at different places over weekends to fund my studies which are ~R50K p. A
Is there a portion that I can be able to claim back from SARS?

May I claim the money I paid for my childs training institute?

  Written by Marc   Posted 18 August 2015

May I claim the money I paid for my child's training institute?

Audit taking forever - now escalated ?

  Written by Evan   Posted 18 August 2015

Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After waiting 31 days I phoned and they acknowledged that this had taken longer than the stipulated time and escalated my query... I was told this could take a further 21 days???

Are we really at the mercy of the system or is there any other recourse we can take? (straight forward tax return - no vehicle allowance etc. )

Delay for my refund from sars when I submitted on the 5th and I'm due for a refund

  Written by Marc   Posted 18 August 2015

Hi Tim
I submitted my income tax return on the 5th of August 2015 and I'm due for a refund and my refund will not be audited but up to now no money have send to me do you you perhaps know what might cause all this delay. Regards
Mr Sihle Majola

Is spousal maintenance a taxable income?

  Written by Marc   Posted 18 August 2015

Is spousal maintenance a taxable income?

Medical contribution codes

  Written by Marc   Posted 18 August 2015

If my contribution towards medical aid is R1000, deducted from my salary, and the company pays the other R1000 (50/50) is the code 3810 then supposed to be R24,000?

My understanding is that code 4005 plus 4474 equals code 3810 or have I got it completely wrong?

Will I be able to claim a refund from SARS?

  Written by Marc   Posted 18 August 2015

Hi Tim I didnt submit any tax returns since 2006 as I was unemployed but got permanent employment last year (2014). I have submitted a tax return for 2014/15 tax year. Will I be able to get a refund if its due?

My tax reference number

  Written by Marc   Posted 18 August 2015

I live overseas but would like obtain my income tax reference number. Is there an easy way to do this without calling SARS and waiting so long on an international call?

The higher your local liabilities the lesser our tax amount payable on our completed return or other

  Written by Marc   Posted 18 August 2015

Do we pay less tax or more tax if our local liabilities are higher for example - Car finance and credit card debt?

Medical tax certificate

  Written by Marc   Posted 18 August 2015

I want to enquire about my medical tax certificate because I enquire since last week bt there is no respond from gems

Where did I fill this codes IT3B, T3C, IT 3(b), & IT 3(C)

  Written by Marc   Posted 18 August 2015

What is a difference between IT3B, T3C, IT 3(b), & IT 3(C)

Will he be taxed and will he be able to claim a deduction?.

  Written by Marc   Posted 18 August 2015

A sole trader, pays himself a salary of R4000 per month. Will he be taxed on this amount?. Will he be able to claim a deduction of this amount from his business profits?.

Salary 10 000 + 2000 fuel allowance - tax?

  Written by Marc   Posted 18 August 2015

If I receive a monthly salary of R10000 and a fuel allowance of R2000 - how much will I clear

How much money am I getting after the second assessment?

  Written by Marc   Posted 18 August 2015

After the second assessment SARS says "Your assessment has been concluded and reflects an amount refundable to you of -R2056. 00". And then: "the current balance on your assessed account is R331. 72"

What does this mean?

There has been a lot of assessments done and I am now confused with what is happening. Is there an amount that will be payable to me here?

How much will my pension fund lump sum be taxed upon resignation on e.g R200 000

  Written by Marc   Posted 18 August 2015

I am resigning from a government position and I am taking my pension payout as a lump sum. I was told that the full amount will be taxed. I would like to find out what the tax percentage will be?

Out of pocket medical aid expenses from prior years.

  Written by Marc   Posted 18 August 2015

Previously I was a SITE taxpayer and did not have submit an income tax return but I was on a medical aid which I paid out of my own pocket. Currently, I have to submit my income tax return. Can I still claim for these qualifying medical expenses as it is within 3 years. I do have my medical certificates as well from my medical aid. If I can claim should I add this to my current tax return or is there additional forms that I need to complete?

Are Gap Cover monthly payments tax deductible?

  Written by Marc   Posted 18 August 2015

Are Gap Cover monthly payments tax deductible? "Gap cover falls under the definition of �%u20AC%u0153accident and health policy�%u20AC�, in the Short Term Insurance Act No. 53 of 1998, or the Long-term Insurance Act, 1998 and not the Medical Schemes Act, 1998. " My gap cover has said they are unable to give me a tax certificate because it is not tax deductible. Please can you assist.

Dont have IRP5 for 2007 and SARS is request me to submit

  Written by Marc   Posted 18 August 2015

SARS is requesting a tax return for 2007 but I dont have a IRP5 for that year. My previous company never kept records. I have been filing since 2008 to date and have never been asked before to submit 2007. How do I proceed now?

Am I and independent Contractor or a Bookkeeper for tax purposes; can I deduct a pc course as an exp

  Written by Marc   Posted 18 August 2015

I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pro-rate turnover per entity. I work form my study although I also do visit their office especially certain periods during the month - ie mid-month for invoicing and month end to balance the books. Question: Does this mean I am an Independent Contractor? Is this applicable for the 80/20 split as an independent contractor? Do they have to deduct tax from me on a monthly basis?...

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