Quarterly R5000 bonus, would like to know if I get taxed tremedously?

  Written by Evan   Posted 21 July 2015

I get a R5000 bonus every three months.. It started recently and is performance based.. Would I get taxed a ridiculous amount on this? They pay it with my salary.

After getting the completion from SARS how long does it take to be paid out?

  Written by Evan   Posted 21 July 2015

I would like just to find out I received a letter of completion from SARS so does that mean I will get paid or what?

Does UIF qualify as income protection insurance?

  Written by Evan   Posted 21 July 2015

Does UIF qualify as income protection insurance? If not, then what typically does qualify as income protection insurance?

Are levies on a rental property tax deductible?

  Written by Evan   Posted 21 July 2015

Do the Levies on a rental property count as an expense towards the "business" and if so, what category should that fall under eg: Administration fees?

Tax on R1,132,179.00 lump sum

  Written by Evan   Posted 21 July 2015

I am going on early retirement. I am 63 yrs old. My lumpsum is R1,132,179.00 How much tax will I pay?

Outstanding tax return is holding up my refund, I cannot get the IRP5 as employer is deceased.

  Written by Evan   Posted 20 July 2015

Hey Taxtim. I submitted my tax returns on the 10th of July this year. SARS informed me that I would get a refund of about R17000, which I desperately need. After a few days I called them to ask when I might receive this refund, they informed me that they are not going to give it to me yet as I have outstanding tax returns for 2012.

I did not have this issue last year when I filled or the previous year. I worked for a company from February 2011 until August 2011, I was never issued an IRP5 or any payslip. ...

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Out-of-pocket dependent medical payments

  Written by Evan   Posted 20 July 2015

If I am a dependant on my husbands medical aid, but pay my own out-of-pocket (not covered by medical aid) expenses, can I claim this on my tax and where do I do that?

Rental Income Tax

  Written by Evan   Posted 20 July 2015

Hello. I would like to know how to calculate my tax if renting out a property I own?

Would this be added as a lump sum at the end of the tax year or would this need to be included in my salary on monthly basis?

When will rebate money show on my statement?

  Written by Evan   Posted 20 July 2015

I receieved my ITA34 notice on the 10/07/2015 and a statement from SARS on 16/07/2015. How long does it normally take to refund money showed to me on the statement?

Benefits for tax directive

  Written by Evan   Posted 20 July 2015

I am a commissioner earner and received a tax directive for 18% from SARS for the 2015 tax year. What benefits are there to having a tax directive? Will I have to pay back on my tax return or will SARS calculate my tax at 18% according the tax directive?

Will I get my refund soon?

  Written by Evan   Posted 20 July 2015

I send my tax consultant my documents for review which he has submitted. After a week or so I see there is an ITSA Statement of account. Does this mean that the audit has been done and that my refund is due soon?

Want to know if I can claim my late father's tax return (PAYE)

  Written by Evan   Posted 20 July 2015

My question is I see on my late Dad's payslip he has been paying PAYE of R52.31 a week. So I wanted to know if the tax PAYE can be claimed?

Trustee income disclosure

  Written by Evan   Posted 20 July 2015

Where do you disclose income earned by a trustee from a trust on your ITR12?

What is a tax return?

  Written by Evan   Posted 20 July 2015

What is a tax return?

Changed jobs and paid too much tax - can I claim it back?

  Written by Evan   Posted 20 July 2015

I had a low income job for 11 months of the year. My yearly income would have been under the threshold, so I never paid any tax. I am not sure if my employer registered me, but I never received any tax documents or tax number. In February 2015 I started a new job with a higher salary. My yearly salary now puts me above the threshold and my new employer registered me and I've been paying tax since Feb. But since I only did this job for 1 month of the last tax year, my yearly income for 2014/2015 tax year remains under the threshold of R70 700. ...

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What does it mean by Enforcement Case?

  Written by Evan   Posted 20 July 2015

What does it mean when you see on your SARS eFiling - Enforcement Case Number*****
What is mean by Enforcement Case?

My friend received the following, just interested to know what it means.

How long before refund?

  Written by Evan   Posted 20 July 2015

My tax practitioner did my IRP5. I must get a refund of 3115 Rand. I have no outstanding funds that I owe money for SARS. I wait 8 days. I get nothing, no response.

Car allowance 100% taxed as other allowance

  Written by Evan   Posted 20 July 2015

Towards the end of the year I received a car allowance. However at this stage I was not sure of how many kilometers would be done for business. Therefore the allowance is now reflected as other allowance and is taxed 100%. How do I now file my tax returns against travel as it is not reflected under 3701 or 3702 on the IRP5?

Car ownership

  Written by Evan   Posted 20 July 2015

My Dad purchased a car 7 years ago, and I paid him off within a year to "purchase" the car from him. I recently submitted my tax return but I didn't realize that the car was still registered under his name and I need to submit proof of purchase to SARS. Solutions?

Non-resident doner & resident donee

  Written by Evan   Posted 20 July 2015

My step father, is a non-resident and non-SA citizen, who never adopted me but is married out of community of property to my mother, is offering me a substantial gift as a result of a recent sale of part of his inherited estate, let's say 500k ZAR.

My understanding of the SA donations tax law is that my step father is not liable to pay any sort of donations tax, nor am I, because the donor (my step father) is not an SA resident. Is this correct? How would I declare this source of inc...

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Claim travel expenses without travel allowance

  Written by Evan   Posted 20 July 2015

I am a commission earner without a travel allowance. I use my private vehicle for work to go and see clients etc. Will I be able to claim travel expenses (like fuel) and depreciation on the vehicle?

Why does SA Homeloans send me a tax certificate if I cannot claim the interest?

  Written by Evan   Posted 20 July 2015

Why does SA Homeloans send me a tax certificate if I cannot claim the interest on my mortgage? Can I claim on the life premiums linked linked to my loan?

When is tax payable on a five year fixed deposit with interest on expiry?

  Written by Evan   Posted 20 July 2015

If you have a fixed deposit with interest on expiry after five years, when do you pay tax on the interest?

It seems that SARS is taxing it every year on what has accrued each year, but surely this causes a cash flow issue for the investor as you are having to pay tax on something you only get in five years time? If this is the case why would anyone take interest on expiry?

I am still waiting on my refund from SARS

  Written by Evan   Posted 20 July 2015

I am still waiting for Refund from SARS, it has been 20 days since I submitted my tax return. What can I do to speed up the process?

Tax back for SA employee working for SA company living abroad

  Written by Evan   Posted 20 July 2015

I am a South African employee working for a South African company. I have been living and working abroad while still earning a salary in South Africa. How long do I need to stay out of South Africa for in order to not be taxed for the period I am abroad?
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