How do I claim medical aid contributions made after being taxed?

  Written by Marc   Posted 7 July 2014

I have made medical aid contribution from own pocket after being taxed, how do I claim that back from the tax man?

Commission only and use my car for work, what are the income tax implications?

  Written by Marc   Posted 7 July 2014

I earn commission only and I use my car to do business, how do I submit my ITR12 return to SARS?

Schedule of depreciation

  Written by Marc   Posted 7 July 2014

I am a 100% commission earner and was requested by SARS to to forward a schedule of depreciation for my vehicle depreciation claim, I forwarded my calculation formula : purchase price/5 years * 10 months, I only bought the vehicle in May 2013. The schedule was however not accepted due to insufficient info, please advise what other information needs to be on the schedule of depreciation.

registered as a tax practitioner?

  Written by Marc   Posted 7 July 2014

Is TaxTim registered as a tax Practitioner? how do I know I am dealing with a legitimate consultant?

When does SARS pay the refunds in 2014, is it still within days like the years before?

  Written by Marc   Posted 7 July 2014

I submitted my 2014 SARS returns on the 5th of July 2014.I got an SMS from SARS this morning (07/07/14) which says my first payment (refund) will be on the 1 of Aug 2014 and the 2nd one of the 31st of Aug 2014.
Am confused as to what this means cause previously,their turn around time on Refunds was anything between 2 to 4 days.Please could you help me understand.

Registration of 2nd vechile

  Written by Marc   Posted 7 July 2014

how do I register a second vehicle? We sold one and bought a new one in January?

Change SA address to overseas address

  Written by Marc   Posted 7 July 2014

I live overseas and need to change my address. I am not registered for eFiling and I wont be going to SA till next year. Can I do this online without having to print? What to do?

Tax on interest when abroad

  Written by Marc   Posted 7 July 2014

Regarding the residency question - If you earn interest(South African source) with no other income, spend more than 183 days out of the country, will that interest be subject to tax. Lets assume the interest earned is R250 000 for the year. If this isn't tax free, would the opposite be true where by the interest is from a foreign source yet you are resident in SA but do spend more than 183 days out of the country.

Internship Tax

  Written by Marc   Posted 6 July 2014

If I interned for 2 weeks and paid tax but got paid less than R67K, can I claim the tax back?

Benefit of Medical Tax credit for foreign medical policies ?

  Written by Marc   Posted 6 July 2014

I am a foreign national, working in South Africa on basis of a work permit. I am paying medical insurance premium in my home country. Can I take the benefit of medical tax credit ?

Company car, claim back business kms at end of month where do I put it in on my tax return?

  Written by Marc   Posted 6 July 2014

If I drive a company car and claim my kms travelled for business back at end of the month where do I put that in on my tax return?

Reviewing assessment

  Written by Marc   Posted 5 July 2014

I got this message on my eFiling profile. Can you please tell me what it means?
Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course

And also it says selected for audit or verification. How do I know which one?

Can renovation costs be considered maintnance costs?

  Written by Marc   Posted 5 July 2014

I use my home as a home office and to this end, claim office expenses (15% of household expenses such as levies, electricity, insurance etc). I did some major renovations during the last tax year, can I claim a portion (15%) of these renovation costs as a maintenance cost?

Do I need 2 tax numbers 1 for my business and 1 for myself?

  Written by Marc   Posted 5 July 2014

I am unemployed and would like to start a small business.
I am planing to open a business bank account under (CT Plumbing). Sole Priority.
1.) Do I have to get a new tax number from SARS for this business or can I use my tax number when I was still working for a company?
2.) If so how many tax numbers should I have? for example one for my business and one for me?

Tax claims

  Written by Marc   Posted 5 July 2014

I would like to know if it is possible to claim back on transfer and bond registration fees when we bought a house in 2014 tax year?

How does one submit a tax return, what does one require if its for the 1st time?

  Written by Marc   Posted 5 July 2014

For a first time user of the eFiling & tax returns, how does one go about it, if they do not remember their tax number or password?

I have 1 of my 2 IRP5's, the second is still pending. Can I submit the first so long?

  Written by Marc   Posted 4 July 2014

I have 1 of my 2 IRP5s. the 2nd is still pending. Can I submit the one return for credit so long and then file the 2nd one when I get it?

Where is the link to do the calculation of depreciation of the lapto, motorcar etc?

  Written by Marc   Posted 4 July 2014

There is more than one place that you said " use the computation machine worked out" But there is no link. How am I suppose to do it?

What is the limit before SARS audited personal tax returns?

  Written by Marc   Posted 4 July 2014

What is the limit before SARS need to be audited?

Claims for medical expenses for my son, hes not a beneficiary though?

  Written by Marc   Posted 4 July 2014

I have been paying for my son's therapy fees every month, he is not on my medical aid, can I claim tax on them?

Rental income

  Written by Marc   Posted 4 July 2014

We are declaring rental income and need to know where to put levies (paid to the body corporate, in lieu of water etc), as there is no section for that. I had it in the "other" block, but this gets reversed in the next section. Also, what would the source code be on the last page?

Im myopic a disability for tax purposes?

  Written by Marc   Posted 4 July 2014

In 2012, August, my optometrist diagnosed with a condition, I think it was myopic (where one is unable to see objects, especially when they are far), then, he gave me spectacles to correct this. This year, I did an eye test, without spectacles, and I failed. I check SARS website, this qualifies to be physical impairment, which is regarded as a disability, Question, what are the tax consequences of this,

Earning R6 500 can submit tax return

  Written by Marc   Posted 4 July 2014

I am earning an amount of R6 500 monthly, am I entitle to submit my tax returns cause some said I must earn more than R10 000 monthly to submit

What does SOA mean from SARS?

  Written by Marc   Posted 4 July 2014

I submitted ny tax on 1st July I immediately got my ITA34 stating amount due to me and selected for audit. I then got letter to require docs. I submitted this all on 1st. Then on 2nd got a SOA. With amount due. What does this mean. It just gives amount. Does this mean audit is done?

Negattive Calculation after submitting return

  Written by Marc   Posted 4 July 2014

My tax return calculated a negative amount . Does that mean I owe SARS that amount? -R2768.00
Older posts →← Newer posts    234  235  236  237  238  239  240  241  242  243  244  245  246  247  248  249  250  251  252  253  254