Under which SARS code do I file foreign income?

  Written by Marc   Posted 8 December 2013

I draw a monthly salary, but I have also done some after hours IT work (written software) for an overseas company. Under which SARS code do I file this foreign income?

Is UK State Pension taxable in South Africa?

  Written by Marc   Posted 5 December 2013

I am receiving a monthly UK State Pension which is paid into a South African bank in Rands.
Do I have to pay South African income tax on it?

Contractor Claims - source code 3616

  Written by Marc   Posted 5 December 2013

I am an independent contractor code 3616. I use my vehicle for for business purposes and have an RA.

1) Must I have an RA to claim the max 15% RA deduction or can I claim irrespective having one or not ?
2) My vehicle is paid up, can I still claim the monthly ISA installment I used to pay ?
3) What are the entertainment expenses I can claim ?

How do I make payment to SARS via EFT?

  Written by Marc   Posted 5 December 2013

What are the steps to follow in order to make payment via EFT for VAT?

Office Allowance source code 4028?

  Written by Marc   Posted 5 December 2013

I receive office allowance as an income and now my accountant tells me I should have this under code 4028 as a deduction. How does one qualify to have this kind of allowance?

Taxable income R121 215.00 received IRP5 too late, what do I do?

  Written by Marc   Posted 5 December 2013

I worked on contract from 2.272012 to 28.2.2013 and my taxable income was R121215.00.
I only received my IRP5 from the contract company this week!
Am I too late ...... do I need to still do my tax or should I do it all next year?
Please help?

Out of pocket medical expenses for dad not on my medical aid?

  Written by Marc   Posted 5 December 2013

Can I claim my fathers hospital bills R70 000 if I which I paid even though my Dad doesn't belong to a medical aid?

Credit push payments - split payment and future dating

  Written by Marc   Posted 5 December 2013

I paid my company's monthly PAYE/SDL/UIF via eFiling (credit push). The payment was split in two parts as it was a large amount. I also future dated the two payments. I received confirmation on eFiling after making the payment that the "payment requests has successfully been submitted to the bank". It's 5 days later and I still don't see the "credit push" transaction on my internet banking.

SARS first said that the credit push will only reflect on internet banking on the schedule...

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I owe SARS R53, do I need to pay it?

  Written by Marc   Posted 4 December 2013

I submitted my documents in September and they send me sms that I owe R53 I lost the info on my phone is it possible to pay SARS this amount?

Income Tax for South Africans working in Kuwait

  Written by Marc   Posted 4 December 2013

Do South Africans working in Kuwait have to pay income tax to the South African government? If so, how to calculate this ?

SARS refund?

  Written by Marc   Posted 4 December 2013

Good morning I would like to ask how long does it take to be refunded when your money owed to you was paid into a wrong account and was reversed back to SARS?

How to bring savings from abroad back to SA in tax efficient manner?

  Written by Marc   Posted 3 December 2013

I worked in the UK for a few years and contributed to a pension fund. I'd like to know what the most tax efficient way is of bringing the money to SA. Also, would there be any tax to be paid in the UK? If so how can that be reduced as well?

What qualifies an SA citizen to be tax exempt in any country

  Written by Marc   Posted 3 December 2013

I'd like to set up a company offshore for the tax benefits. The company operations will take place in Ivory coast, Tanzania and Namibia. How can the employees of the company (mostly South Africans) be tax exempt because they will spend the entire period working outside the country - this will serve as an incentive to work outside of South Africa.

PART TIME WORK - how do I disclose on my ITR12 Income Tax Return?

  Written by Marc   Posted 3 December 2013

I am retired and drawing a pension. I also do a bit of accounting work for a small engineering company and for that receive /- R3000 per month. The company is disclosing this as consulting fees in their accounts ie they are not providing me with an IRP5. My questions are (1) Do I disclose this information under the LBTP and ODED sections of my ITR12 and (2) do I have to complete the SOAL section of the return?

Is it too late to submit an Income Tax Return after the deadline?

  Written by Marc   Posted 2 December 2013

am I too late to submit? If I earn R5500 per month, do I still need to submit?I dont have medical aid so do I just claim what I have spent?Up until when do I submit ?

I like to know how can find my tax reference number on internet?

  Written by Marc   Posted 2 December 2013

i will like to know how can I find my tax reference number on internet

Earning Pounds whilst residing in South Africa as a tax resident?

  Written by Marc   Posted 2 December 2013

I'm a South African currently residing in the UK (and have done so for the past 10 years). I will be returning to South Africa as a resident but will still be earning pounds and paying tax on my pounds in the UK. What is my obligation towards SARS?

Tax return for laptop

  Written by Marc   Posted 1 December 2013

I have purchased a dell laptop few months back online in Germany. Now, I am leaving germany permanently and will settle down in India. It is written in Frankfurt airport website that "If you are leaving the European Union and live outside it, you are entitled to refund on the value-added tax paid on all merchandise purchased within the EU." So, can I claim for the tax return for my laptop in the airport although it was purchased online and already used for few months Please let me know...

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have gone into SARS to change my bank account details a week ago, yet on efiling it still shows AVS

  Written by Marc   Posted 30 November 2013

I have gone into SARS to change my bank account details a week ago, yet on eFiling it still shows AVS Bank with AVS verification pass what do I do now?

How long does it take for SARS to respond?

  Written by Marc   Posted 30 November 2013

How long does it take to get a message of whether I owe SARS or SARS owes me?

Tax on variable monthly income?

  Written by Marc   Posted 30 November 2013

My monthly salary varies as it is based on number of clients seen etc- does this affect the way PAYE is calculated? The PAYE I am getting charged is almost double the guidelines set out on the SARS table?

TAXATION OF DISABILITY PENSION?

  Written by Marc   Posted 29 November 2013

Please explain the taxation of monthly disability pension payments?Please explain the taxation of a lump sum disability grant/payment?

R54.00 and R459.00 due to me?

  Written by Marc   Posted 28 November 2013

I have just file my return for 2012 and 2013 so receive am sms saying -R54.00 for 2012 and -R459.00 is due to me, does that means I am owing sars?

How many tax numbers do I have?

  Written by Marc   Posted 28 November 2013

How many tax numbers do I have?

VAT issues:registered vs non-registered vendors and correct manner of preparing invoice by non-reg?

  Written by Marc   Posted 28 November 2013

If a business is operating from home and provides basic bookkeeping services. Income generated is well below the VAT threshold and the client requires an invoice, what is the correct manner in which the invoice must be prepared by the bookkeeper? Client is a registered VAT vendor while bookkeeper is not.
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