Is input tax claimable on expenses incurred to entertain an important customer?

  Written by Marc   Posted 21 April 2015

Can a business claim VAT input tax on expenses incurred by a salesman to entertain an important customer and himself on its behalf ?

Time frame on tax return in excess of R100 000?

  Written by Marc   Posted 21 April 2015

How long does it take SARS to refund tax in excess of R100 000. 00?

How does my salary get taxed?

  Written by Marc   Posted 21 April 2015

Hello , I am 37 years old and my annual salary is R160000 and travel allowance R40000 I a traveling roughly equal for business and private distance and contributing R14000 pension fund (out of my salary earnings) what is my tax deduction from my monthly salary?

Do I need to pay gift tax

  Written by Marc   Posted 21 April 2015

If my mother receives a monetary gift from an over seas friend every month totaling R100,000-R200,000 per year, does she need to pay tax on it?

Is it possible to submit my ITR12 as a director before submitting for the company?

  Written by Marc   Posted 21 April 2015

Is it possible to submit my ITR12 as a director before submitting for the company?

Nil ITR returns when abroad?

  Written by Marc   Posted 21 April 2015

I have been living in the UAE for the past 5 years. Prior to this I did not work for 2 years. So no tax returns were submitted as I did not have an IRP 5. I did not know that you still had to submit a nil return yearly when abroad. Is there a way to fix this now?

Can I claim back for contributions to a medical health insurance, ie not a medical aid scheme?

  Written by Marc   Posted 21 April 2015

Can I claim back for contributions to a medical health insurance, ie not a medical aid scheme?

PROPERTY OWNED BY A CC - WHAT IS BEST, SELL THE CC OR THE PROPERTY

  Written by Marc   Posted 21 April 2015

What is best from a tax point of view when selling property (vacant land selling price R1. 5m) owned by a CC: 1. Sell the property out of the CC, or 2. Sell the members' interest

I am blind in one eye am I classed as disabled.

  Written by Marc   Posted 21 April 2015

I am blind in my left eye due to a motorcycle accident 17 years ago I have never claimed and my doctor knows I have no sight in this eye . I was recently told I can claim as disabled due to this condition. I am on low pay and also have to pay for my medication for a heart conditions . . I was receiving working tax credit but now I been told I have to pay for my medication . . . Can you please offer me some advice if I am able to claim for help?

UK FUNDS RECEIVED MONTHLY HOW DO I LESSEN TAX IMPLICATIONS?

  Written by Marc   Posted 21 April 2015

I am a full time employee in South Africa but do part time work after hours for a solicitor in the UK - she pays me £300 per month which equates to about R5600 per month (depending on exchange rate). How can I lessen the tax implications on this amount? Do I need to pay tax on this amount and declare it as a additional income on my return?

Gift/ Living inheritance - tax consequences?

  Written by Marc   Posted 21 April 2015

Hi. I am purchasing a property for R1m. I have obtained a loan from the bank for R800K, and my dad will be giving me R200K to pay the difference of the purchase price. Please advise what tax implications there are on this- it is a living inheritance, payable to him only IF and WHEN he requires it. Or basically I dont have to pay him back. Thanks.

Tax on pension withdrawal - what will I pay?

  Written by Marc   Posted 21 April 2015

What amount is non-taxable when you withdraw your pension?

Tax return submission opening?

  Written by Marc   Posted 21 April 2015

Hi TaxTim, from when can I start submitting my tax return?

Am I registered at eFiling for tax return?

  Written by Marc   Posted 21 April 2015

I registered at eFiling. But when it came to the final part were it asked confirm username and login name and password I forgot it. Am I registered on eFiling for my tax return?

Investments while an expat? Are they taxable?

  Written by Marc   Posted 21 April 2015

I am working abroad and paid by an oversees company and as I understand I am not liable to pay tax in SA as long as I am out of the country for more than 180 odd consecutive days in a year. My question is what about income on investments made abroad in this time, is that also tax free?

Can I preview my tax return before automatic filing with TaxTim?

  Written by Evan   Posted 17 April 2015

Having filled in all the questions, I am prompted by your site to pay (which I want to do) upon which, apparently, you will automatically file my tax return at the SARS. I don't want that necessarily. Can I first see my completed return you've generated at the end and THEN still decide if I want you to file it? Thanks much

IT3a flag stated, but I have my own business (consultant) - how to proceed with TaxTim questions?

  Written by Evan   Posted 17 April 2015

I am a sole practicioner (legal consulting), i. e. my own business, own expenses (work office and home office). I don't have an IRP5 or IT3a therefore. But I keep having the following queries from TaxTim after I've filled in all the questions: "You can't depreciate personal items if your IRP5/IT3a Income section isn't filled in. Fix it" "You can't claim home office expenses if your IRP5/IT3a Income section isn't filled in. Fix it" "You can't deduct other expenses related to income if your IRP5 ...

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I would like to find out the total interest included in my taxable income?

  Written by Marc   Posted 6 April 2015

Hi, Please can you tell me if I am beneficiary of a trust under 65 years and my only income is local interest of 21500 and foreign interest of 2750 received from the trust how much will be the total interest included in my taxable income

Will I be receiving anything after submitting my tax certificate?

  Written by Marc   Posted 6 April 2015

I have received a tax certificate from my previous employer. So this is my first time submiting to SARS. I received an sms stating that the amount due by me is R0,1 and I was selected for audit. On the certificate under 'income received' there is a substantial amount of over R50,000 under 'gross non-retirement fund income'. My question is what does that mean and will I be getting any thing.

Do I get taxed on pension fund lump sum if i'm being retrenched?

  Written by Marc   Posted 6 April 2015

Im being retrenched and would like to take my pension in lump sum . Will I be taxed on it? and what other advice to you have on wrt to tax on retrenchment package. Can I get a refund on the tax when I to tax return in July?

Submission Date for ITR12 to SARS?

  Written by Marc   Posted 6 April 2015

I started working for a employer last year (October 2014) and only became full employed on Jan 2015. When would my tax submission be? On being fully employed I gained medical aid and pension fund.

Compliance of tax for private companies?

  Written by Marc   Posted 6 April 2015

How do private companies comply with tax?

Employee Tax on Part-time Employees

  Written by Marc   Posted 6 April 2015

I work less than 22 hours a week (part-time), and I am still a full-time student. I earn around R3000 a month, and will only be working till September. Do I have to pay tax? What is the 25% tax that my contract refers to? And UIF of 1%?

Can I claim for vitamins with my medical slips?

  Written by Marc   Posted 6 April 2015

Can I claim for vitamins with my medical slips?

Multiple Parties Making Rental Income off a Single Property they Each Hold equal ownership of.

  Written by Marc   Posted 6 April 2015

Good day, myself and two other parties have purchased a house with the intention to earn a rental on the property. My question is: do we split the incomes/expenditures three ways and all declare the third of the overall resulting calculation? It is also important to note that I am a single person and the other two are married in community. Would that mean that I would have to declare a third and then each of them declare two thirds as SARS automatically sees them as a 50:50 and calculates on hal...

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