Learnership agreement tax deductions

  Written by Evan   Posted 28 July 2015

I am a permanent employee at a company that trades and makes money from an aviation sector. We are a charter company basically. Am I correct in saying that if I enter into a registered learnership agreement with my company doing a course that is aviation-related, can my company claim deductions for said learnership agreement?

I stand corrected but it should be R30 000 per 12 month period and R30 000 for completion. I am also a permanent employee does this make a difference when enter...

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IRP5 banking details differ at SARS

  Written by Evan   Posted 28 July 2015

An employee in my department had his salary paid into his wife's bank account. Upon the entity providing him with his IRP 5, he stated that the HR department must have requested the information which he would like to have on his IRP 5, probably because now his registered details with SARS, (banking details), will not correspond to the details on his IRP5.

Is the onus not on the employee to provide the company with valid and correct banking details?
Or can the employee change t...

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Are contributions towards GEMS and the GEPF tax deductible for government employees?

  Written by Evan   Posted 28 July 2015

Are contributions towards GEMS and the GEPF tax deductible for government employees?

Claiming medical bills from SARS

  Written by Evan   Posted 28 July 2015

I paid almost 10k in medical bills which medical aid did not cover. Yet SARS only paid me R100.00 back.

Tracking progress after submitting documents

  Written by Evan   Posted 28 July 2015

How do I track progress after submitting my documents to SARS?

Can I get a closer date for my pay out?

  Written by Evan   Posted 28 July 2015

I have done my tax returns and received a pay out date. Can't it be moved forward?

What does due by you means?

  Written by Evan   Posted 27 July 2015

I received an email this morning it says amount due by you. What does this mean?

Submitting tax for the first time

  Written by Evan   Posted 27 July 2015

I am submitting my tax returns for the first time. I am doing it through a tax consultant. He says SARS is now asking for proof of address, bank statement and a copy of my id?
Is this normal?
If so how long does this process take?

Retrenchment on IRP 5

  Written by Evan   Posted 27 July 2015

If I was retrenched and paid out, where to do I put the amount that I was paid out and how does this effect my tax return?

Need my GEPF IRP5

  Written by Evan   Posted 27 July 2015

I need my GEPF IRP5. Can GEPF fax or email me my IRP5 from them?

Severance payment

  Written by Evan   Posted 27 July 2015

What are the tax implications for compensation resulting from unfair dismissal by an employer?

Travel Allowance and take home pay

  Written by Evan   Posted 27 July 2015

Using your tax calculator, why is the travel allowance deducted from your take home pay? I understand 80% is included for your PAYE calculation, but your travel allowance should get paid out, unless the company pays costs on your behalf. What am I missing?

Declaration of income earned overseas after I leave SA

  Written by Evan   Posted 26 July 2015

I will be leaving SA next month to work in Canada for the foreseeable future. I would have been out if the country for more than 183 days by the end of Feb 2016. I will have an IRP 5 with a salaried income in SA until the end of July 2015.

When I file my tax return next year, do I have to include the overseas income earned from August 2015 to February 2016? I do understand that I should not be liable to be taxed on the overseas income but would prefer not to declare it at all if that...

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Income protection policy contributions

  Written by Evan   Posted 26 July 2015

I have contributions to an income protection policy. The policy belongs to my employer due to the fact that we used be on basic plus benefits but we have now moved over to cost to company. Are these contributions deductible by myself or not. If not what code should they be under in my IRP5?

Are source codes 3601/3605 the same as 3697/3698 on my IRP5?

  Written by Evan   Posted 26 July 2015

Why are source codes 3601 and 3605 the same as codes 3697 and 3698 on my IRP5?

How do forex traders file for tax-returns?

  Written by Evan   Posted 26 July 2015

I am a forex trader. How do I file for tax returns, based on the profits and loses I have made?
Does my profits fall under capital-gains or income from self-employment?

Should monthly Child Maintenance received, be declared as part of my income?

  Written by Evan   Posted 26 July 2015

Do I include child maintenance received monthly as part of my income? I'm a provisional tax payer, and would like to start on preparing my IRP6 due in Aug. Also, my daughter lives with me, and contributes a monthly amount towards household expenses. Does this amount also have to be calculated as income?

Company and private medical aid within the same tax year.

  Written by Evan   Posted 25 July 2015

I worked for different companies within the tax year. With one of them, I received no medical aid and so I did my own private medical aid. With the other, medical aid forms part of the company benefits and appears on my payslip. How does TaxTim allow me to enter both of these? The options only seem to allow for 1 or the other throughout the tax year.

Loss with expenses exceeding income

  Written by Evan   Posted 25 July 2015

Started as estate agent. Have incured training and other costs which exceeds my income. I also have rental income. How do I treat / tax man will treat the loss from the estate agency job?

Paying my Mother's medical aid

  Written by Evan   Posted 25 July 2015

I pay my Mother's medical aid premiums. These deduct from my savings account via a debit order every month. My Mother is fully dependent on myself financially (no income, no assets, nothing). She is 62 years of age. She is NOT disabled. She receives a SASSA grant. Her Medical aid is in her own name, and she is the main member. The reason she is not on my medical aid, is because my medical aid wanted to add a loading to her premium.

Can I claim this monthly premiums back from SARS?

How much tax due?

  Written by Evan   Posted 25 July 2015

My mother in law is a 94 year old railways pensioner and wants to know if she must pay tax?

Why must I buy or pay for a tax return from you?

  Written by Evan   Posted 25 July 2015

I thought one is not suppose to pay to make SARS tax returns. So I don't understand this part that requires me to buy a package?

Must I complete a provisional tax return?

  Written by Evan   Posted 25 July 2015

Hi my husband and I are married in community of property and our rental house is in both our names. The income generated is R72,000 k per annum. I am 64 yrs old and complete a separate tax return as I also receive a pension of R5700 pm. My husband is still employed and earning a salary
We have been completing provisional tax returns for a number of years now. Must both my husband and I complete provisional tax returns?

Use of motor vehicle - is 3802 the same as 3816?

  Written by Evan   Posted 25 July 2015

Used of a vehicle: Is tax treated the same for source codes 3802 and 3816?

Is vitamins deductable?

  Written by Evan   Posted 25 July 2015

Can vitamins bought over the counter be claimed?
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