Written by Marc
Posted 16 November 2013
Written by Marc
Posted 16 November 2013
Written by Marc
Posted 16 November 2013
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/...
Written by Marc
Posted 15 November 2013
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 ...
Written by Marc
Posted 15 November 2013
Written by Marc
Posted 15 November 2013
Written by Marc
Posted 14 November 2013
Written by Marc
Posted 14 November 2013
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...
Written by Marc
Posted 13 November 2013
Written by Marc
Posted 13 November 2013
Written by Marc
Posted 13 November 2013
Written by Marc
Posted 13 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013
Written by Marc
Posted 12 November 2013