Do I sumbit a tax return?

  Written by Marc   Posted 15 November 2013

How do I know whether I need to submit a tax return? I am registered but have never submitted a return. I find the sars website a little confusing as they state: 'You are liable to pay income tax if you earn more than R63 556 in the 2013 year of assessment, and are younger than 65 years of age. ' BUT also state: 'What is the threshold for the non-submission of ITR12 returns for individuals for the 2013 year of assessment?Although a taxpayer still has to register for income tax he/...

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Are insurance premiums a tax deductions from a business?

  Written by Marc   Posted 15 November 2013

As a sole proprietor, can I deduct insurance premiums on electronic equipment as an expense? (3x computers I use to carry on my trade as an animator)

Medical Deductions - Source Codes 4040 and 4020

  Written by Marc   Posted 15 November 2013

I have incurred medical expenditure for the tax year ?%u20AC%u201C I have bills that I paid out of my own pocket, which my Medical Aid did not cover adding up to R7122 and I have an Income Tax Certificate from my Medical Aid with the amount of R6686. Also there are amounts on my IRP5/IT3(a) Employee Tax Certificate next to the codes 4005 and 4474.
Questions:
1. Should my bills add up to the same amount that appears on my Medical Aid Certificate?
2. Do I leave code 4040 blank and ...

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Must IRP5 be part of supporting docs?

  Written by Marc   Posted 15 November 2013

I do not have a copy of my IRP5, it was however submitted to SARS as it reflects on eF.Sars asked for supporting documentation, can I just submit the med certificate and logbook or must I get a copy of the IRP5 as well?

Am I a provisional tax payer?

  Written by Marc   Posted 15 November 2013

If I earn less than R20 000 a year selling AmC pots plus earn a normal salary do I have to register as a provisional tax payer?

How to verify tax number but I'm away from South Africa?

  Written by Marc   Posted 14 November 2013

Im living abroad for a few months and before I can get paid (I'm a freelance photographer ) I need to have my tax number verified, but I'm in Germany and will be here for a few months perhaps even longer.
otherwise they will deduct 30 percent.

deposit into my bank a/c for someone else

  Written by Marc   Posted 14 November 2013

I am a provisional taxpayer, I have a son that does not have a bank account and his salary gets deposited into my bank account. Will this affect me in any way or should he get his own bank account?

Garnishee orders explained: How SARS can deduct penalties directly from your pay cheque and how to stop it

  Written by Marc   Posted 14 November 2013

The last days of the month are often the most exciting for employees as they look forward to spending their monthly pay cheques. Unfortunately for many taxpayers anticipation quickly turns to grief when the money they receive in their bank account is suddenly less than they had expected. Stress and anxiety then result in light of impending debit orders and monthly expenses that need to be paid.

Apart from the ordinary deductions that your employer takes off your salary each month - expenses for your benefit such as medical aid or a retirement / pension plan - there is another deduction that can take place unexpectedly: a garnishee order...

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When completing the amount by code 4006 do you include the amount from your IRP5 next to code 3697?

  Written by Marc   Posted 13 November 2013

When completing the amount by code 4006 do you include the amount from your IRP5 next to code 3697?

Minimum income required before I submit tax return?

  Written by Marc   Posted 13 November 2013

What is the income threshold for paying tax for 2013?

Tax deduction from R15 000 salary excluding benefits?

  Written by Marc   Posted 13 November 2013

How much tax do I need to pay if I earn R15 000 per month without benefits?

IRP5 for 2010-2012?

  Written by Marc   Posted 13 November 2013

How many IRP5 forms do I need to file for 2010 to 2012?

Can't see 'Other deductions' in eFiling, how do I fix that?

  Written by Marc   Posted 12 November 2013

In the deductions section of my tax return, I can only see the medical deductions and not any of the other deductions... How would I get this section visible on the eFiling?

Problem with eFiling Tax calc?

  Written by Marc   Posted 12 November 2013

When submitting my eFiling I am unable to enter my Travel Claim details. Also, when I look at my Tax calculation there is a R0 total shown next to Medical Expenses.

Have to add house to tax submission

  Written by Marc   Posted 12 November 2013

I purchased a house with a business partner so according to SARS it is 50/50 which is fine, took ownership 22nd March 2012, so this tax year from what I understand I have to declare it but I have no idea how to and when I go onto eFiling there isn't any guidance.

Submitting necessary documents at SARS manually.

  Written by Marc   Posted 12 November 2013

Do I really have to go to SARS in person and submit my ID, bank statements etc. if all I have done is removed my tax practitioner's access and changed my bank details and address on my existing profile? Can these documents not be submitted online?I cant seem to access my IRT12 to fill in the generated information without doing this??

Do I pay SDL on annual bonuses and commission?

  Written by Marc   Posted 12 November 2013

do I pay SDL on annual bonuses and commission?

Why does tax credits such as UIF and SDL not form part of the total tax credit total in you calulati

  Written by Marc   Posted 12 November 2013

Why does tax credits such as UIF and SDL not form part of the total tax credit total in you calulation sheet/ for example it shows that my total credits including PAYE, UIF & SDL is R 144K, however on the calculation sheet it only pulls R 134K which is the PAYE only?

Can you submit medical bills that was settled by yourself?

  Written by Marc   Posted 12 November 2013

Can you submit medical bills that were settled by yourself?

Can I not use proof of address from shops like Jet?

  Written by Marc   Posted 12 November 2013

I submitted my tax returns manually and they sent me an sms that said,there was R323 that was due to me. I gave my banking details, they sent me a letter that I must verify my banking details .I went to SARS with my bank statement and a proof of residence of my Jet account, but they said they would not use that one. Now my problem is that i'm a tenant and my Landlord does not have a current proof of residence, he only has the one from May 2013. Will they accept that one?

I would like to learn to do my own IRP5, can you maybe help me?

  Written by Marc   Posted 12 November 2013

I would like to learn to do my own IRP5, can you maybe help me?

Where do I fill in medical expenses on ITR12 on eFiling?

  Written by Marc   Posted 12 November 2013

I am signed up with SARS eFiling and my ITR12 is there under returns issued. I need to add medical expenses etc in somewhere but don't know where to do this? Please advise?

DIFFERENCE BETWEEN DEPRECIATION CODE 4027 AND WEAR & TEAR

  Written by Marc   Posted 12 November 2013

What is the difference between tax code 4027 on the personal tax return and wear & tear under claim against travel allowance?

Correction Filed Meaning on eFiling?

  Written by Marc   Posted 12 November 2013

What does the status ''Correction Filed'' under a VAT201 Review mean on the SarsEfiling website?

Can I claim my rental paid in offset against my rental income received?

  Written by Marc   Posted 11 November 2013

I am renting out my property (that I own) in the suburbs and I am renting a property in town to live in. The rental income for the property that I own is far less that what I pay for rent in town. Can I claim my rent paid under 'Rental Paid'on my SARS eFiling tax return?
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