If my employer doesn't give me my IRP5 how can I submit by SARS?

  Written by Marc   Posted 26 February 2014

If my employer doesn't give me my IRP5 how can I submit by SARS?

A donation of R100 000 to children will it reduce your tax or what is the benefits of doing it?

  Written by Marc   Posted 26 February 2014

If you declare a R100 000 donation to your children will it help reducing you tax or what benefits is there in doing it?

If you declare before 28 February that you donate R100 000 to your children what impact will it have

  Written by Marc   Posted 25 February 2014

If you declare before 28 February that you donate R100 000 to your children what impact will it have on your individual tax?

What is the meaning of the term "Rating Percentage" as found on the ITA34?

  Written by Marc   Posted 25 February 2014

What is the meaning of the term "Rating Percentage" as found on the ITA34?

Returns not requested by SARS do I leave it?

  Written by Marc   Posted 25 February 2014

I submitted all the outstanding returns SARS requested. However, I see SARS did not request returns for 2009 and 2012. I am sure I have never submitted those years. What do I do? Request the returns or wait for SARS to request?

Also, a refund is due to me. But my bank details changed. Do I just upload the new details?

I was living abroad for a couple of years studying and working, do I need to do a return?

  Written by Marc   Posted 24 February 2014

I was wondering, I've been a student for the last 2 years in the U.K and worked during the third earning less than about 170,000 rand. Whilst I was studying I visited South Africa for about 2 weeks to sell some land at a loss, would I need to do a return this year as I was principally overseas? I have never worked in South Africa prior.

Additional tax claim from 2009 - what to do?

  Written by Marc   Posted 24 February 2014

I heard that we can claim additional tax back from 2009. Do you know if this is true that we paid more PAYE as we suppose to and can claim tax back?

SARS audit

  Written by Marc   Posted 24 February 2014

If I have done my provisional tax on eFiling, how many days does SARS take to do an audit? Or ask supporting docs?
Thank you

Business returns and provisional tax

  Written by Marc   Posted 24 February 2014

Must I make payment immediately on e-filing where it says "make payment" or must I wait for SARS to email me for confirmation amount due?

Can I use the basic amount for this month's IRP6 return ???

  Written by Marc   Posted 24 February 2014

Is it essential to estimate a taxable income on the SARS eFiling IRP6 form, or can I use the basic amount as stated on their form.

This was the taxable income for the 2013 tax year.

Will I get money back from SARS by joining a medical aid even a cheap one?

  Written by Marc   Posted 24 February 2014

I am not on a medical aid, if I go on a cheap one will I get money back from SARS?

How much will I get from SARS if my income tax is 52 212,00

  Written by Marc   Posted 23 February 2014

How much refund will I get if my tax income is R52 212;00

By who provisional tax is paid?

  Written by Marc   Posted 23 February 2014

Who pay privisional tax

How do I claim study fees from my employer without being taxed heavily?

  Written by Marc   Posted 23 February 2014

I have a query regarding the payment of exams.
I recently registered and paid via my credit for an expert certification exam costing R20000.
My company agreed to pay half of the amount on condition that I sign a document stating that I will be liable for the amount should I fail or leave the company.
Unfortunately due to the scarce availability of seats to write the exam I had to use my personal credit card to book a seat as one became available or risk not being able to sit for the exam....

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Does the marriage of a non resident to a resident in the Republic deem them a resident in the Rep.?

  Written by Marc   Posted 23 February 2014

Does the marriage of a non resident to a resident in the Republic deem them a resident in the Republic? They do not meet the physical presence test and aren't ordinarily resident in the Republic.

Provisional Tax and charging Tax?

  Written by Marc   Posted 21 February 2014

If I were to open a small company (sole proprietership) doing plumbing work, would this make me a provisional tax payer even if its my only source of income? Also, on my invoices I would send out to clients for jobs done.. would I charge tax on these invoices?

Vehicle depreciation?

  Written by Marc   Posted 21 February 2014

I recently started my own business and I use my vehicle to collect stock/supplies and also to deliver to my clients. Can I claim the cost of my yearly vehicle renewal from tax?

Deductions on rental income - what is allowed?

  Written by Marc   Posted 21 February 2014

When doing deductions from rental income, for tax purposes, please advise which of these are deductible:
1) Monthly service fee charged on the bond;
2) Special levies raised for: Water meters (each unit is to have its own water meter, as per municipality); carports (I doubt it, as this is of a capital nature, but please confirm); garden tools.

Submitting a tax return for a new small business?

  Written by Marc   Posted 21 February 2014

I registered my business last year and started trading officially as a (Pty) Ltd in October 2013. I registered with SARS and submit my EMP201 via e filing on the 7th of each month. I have been advised that as I have not operated for a full 12 months, I am not required to submit a tax return at the end of February 2014? My registered financial year is the end of February. Is this correct and if so, will I submit my first tax return at the end of February 2015? If this is the case then my return w...

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SARS wants me to submit supporting documents, but the document list is empty

  Written by Marc   Posted 20 February 2014

I think SARS owes me a refund because my ITA34 reflected a negative number and said "refund due to you". Anyway they are now giving me grief, disputing my refund and demanding I respond in 21 days by sending me a "Final Request to Revise Income Tax Return or Submit Relevant Material". However in this document they say: "In the event that you couldn't find an error, you also had the option of submitting to SARS copies of the following material in support of the declarations made in your income tax return:" This is followed by an empty document list. ...

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Insurance paid out to cover the cost of installing new units. Would this be capitalised?

  Written by Marc   Posted 20 February 2014

Our aircons were stolen and insurance paid out to cover the cost of installing new units. Would this be capitalised? The expense is R19 000.

In Maternity case, will SARS use 8 months or use total salary for tax year?

  Written by Marc   Posted 19 February 2014

Both my wife and I receive a salary from our CC. She was on maternity leave for 4 months (Aug-Nov) in which she didn't receive any salary, only her UIF.

Everything is now back to normal. Last night I came to realize that there is more profit in the CC than I would like and it would be better if I pay that profit out as a salary in Feb.

My question is thus...

Lets assume her total salary for the 2014 tax year will be R120k

Will she be taxed R9520 (R10k average salary over 12 months) Thus total Salary of R120k for the 2014 tax year or...

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REMIND ME PLEASE OF MY TAX NUMBER

  Written by Marc   Posted 19 February 2014

I WAS REGISTERED AS A TAXPAYER WILL YOU PLEASE REMIND ME OF MY TAX NUMBER

Do I pay tax on interest from a fixed deposit?

  Written by Marc   Posted 19 February 2014

I have a fixed deposit at a bank for 2 years and interest is accrued yearly but paid on maturity, do I pay tax?

How long will it take for SARS to pay out my refund?

  Written by Marc   Posted 19 February 2014

How long will it take for SARS to pay out my refund? I submitted my tax returns on 18 Feb 2014 and would like to know when I can expect the money?
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