Working for government. Tax deductions for eg stationary and courses that I have paid for myself?

  Written by Marc   Posted 17 October 2013

I work for Gauteng Department of education. I am a Therapist and from time to time I buy my own stationary, therapy material and incentives for the children. I also do courses at my own expense. Where do I deduct the above mentioned expenses?

Is there an expiry date of IRP5?

  Written by Marc   Posted 17 October 2013

Do the IRP5 forms expires if yes when for this year?

Require clarity on tax returns for private individual who also owns a small business?

  Written by Marc   Posted 17 October 2013

1) If you own a CC can you include the income and expenses of the CC with your personal tax return. Is there a cut off on the amount of turnover business?
2) Must I submit 2 tax returns? One for personal tax and one for the CC irrespective of the amount of income derived from either income source?

Return - Data Submitted To ITS - what does this mean? I have not been asked for any documents?

  Written by Marc   Posted 17 October 2013

Return - Data Submitted To ITS - what does this mean? I have not been asked for any documents?

What is PAYE and how does it work?

  Written by Marc   Posted 15 October 2013

What is PAYE and how does it work?

Earning Oz dollars, living in SA, how do I get taxed?

  Written by Marc   Posted 15 October 2013

Hi, I am an SA citizen, and I hold Australian permanent residency. I will be doing some research for an Australian University next year. I will be paid in Oz dollars into my Oz bank account and this will be my only income. However, I will primarily reside in South African during that year and take 4 or 5 trips over to Oz during the course of the year. What are tax implications?

Previous employer refuses to give IRP5 form, what can I do?

  Written by Marc   Posted 14 October 2013

I requested an IRP5 form from my previous employer but was told that they could not help me as they had only registered at SARS a year after I left the company. But tax was deducted from my salary from the first month to the last month of my employment which was over 2 years. What will happen to the company and how do I go about handling this situation as I need to submit my tax return?

Tax submition in review and are we noified of penalties or surprised?

  Written by Marc   Posted 14 October 2013

Hi TaxTim, thank you for a great blog-site!
I have a question, I have submitted my tax, also got the letter requesting the IRP5 as code 4102, PAYE credit of R30 551.15 was being questioned. I have submitted the respective IRP5 for review already. Do you have knowledge of:

1. How they would go about inspecting whatever they feel might be wrong on it?
2. How long that process could possibly take?
3. Would they pay out another(next) year if the previous is under above review?...

Read more →

I earn a salary and pay tax as per usual, if I consult and receive other income, what is the tax tha

  Written by Marc   Posted 14 October 2013

I receive a salary per month and pay my usual taxes. I am assisting a friend on a monthly basis with his business in my spare capacity. He pays me per month R4 700.00 consultation fees and would like to be invoiced for that. I am not registered as a business, what are the tax implications for me.

Can I claim MPS as a state doctor if I do extra private work earning me additional income?

  Written by Marc   Posted 13 October 2013

I work as a salaried doctor in the state. I also however do some work in private so I need MPS. Can I deduct this and the laptop I bought to do this work? Unrelated, I pay R3200 per month for my domestic worker. Any possibility of a tax deduction on this?

Signing bonus vs relocation allowance tax implications?

  Written by Marc   Posted 12 October 2013

I just got a job offer in CPT and currently in DBN and the company is giving me a signing bonus R100K. what are the tax implications of signing bonus compare to getting a relocation allowance instead of the bonus.

Are rates paid on property tax deductible?

  Written by Marc   Posted 11 October 2013

How do the municipal Rates affect my tax status?

I own a small flat and I pay Rates to the municipality every month. However, my City of Johannesburg statement does not reflect my VAT number. How does this affect my Tax?

Is foreign exchange taxable?

  Written by Marc   Posted 11 October 2013

I live and pay tax in Hong Kong. I want to send R1mil to SA to pay into a bond. I don't want SARS to take any of the money. Do they have any right to tax me again?
If I pay directly into the bond, I fear it will get lost in a foreign exchange holding account. But if I send to my current account and then transfer I have more control in clearing it.
What do you suggest?

I have unpaid taxes I need to settle with SARS.

  Written by Marc   Posted 10 October 2013

I owe SARS unpaid assessed VAT which is accumulating interest and penalties. It has been almost 10 years and I received no correspondence from them concerning this matter. Upon my recent request for a tax clearance certificate I was told I had unpaid taxes that are accumulating interest. How do I go about settling this with SARS. I am now unemployed and have no assets. Can I make small payments or get part of it written off as I was unaware of this matter until now?

Penalties on undeclared offshore property?

  Written by Marc   Posted 10 October 2013

If an offshore property was transferred into your name in 2009 as a gift from an overseas family member, and you never declared it to SARS or SARB, what type of penalties do you face. What is the process to declare this now, forms, etc.

Does the Tax rebate apply to Medical Insurance?

  Written by Marc   Posted 10 October 2013

Will I still get the monthly tax rebate if I join a Medical Insurance and not a Medical Aid?

I need a copy of my IRP5?

  Written by Marc   Posted 9 October 2013

I don't have a copy of my IRP5, where else can I get one and be able to print it?

What are recurring SARS penalties?

  Written by Marc   Posted 9 October 2013

What are recurring SARS penalties?

How soon will I get paid after receiving the second ITA34 assessment?

  Written by Marc   Posted 9 October 2013

How soon will I get my rebate after receiving the second ITA34 assessment?

What goes under capital allowances on the ITR12 - Income Tax Return

  Written by Marc   Posted 8 October 2013

What goes under capital allowances?

Notice Pay tax payable?

  Written by Marc   Posted 8 October 2013

How much does a person get taxed on your notice pay?

How soon after the second receiving the second ITA34 will I get paid?

  Written by Marc   Posted 8 October 2013

How soon after I received the second ITA34 assessment will I get paid?

Am I owed a refund if my second ITA34 shows an amount of R0 and the statement of account is -R14 000

  Written by Marc   Posted 8 October 2013

What does it mean if my first ITA34 showed an amount of R-14000 and SARS then requested additional documents which I submitted. They then sent a second ITA34 which showed and amount of R0.00. The statement of account still reflects R-14 000. Am I getting a refund or am I not getting anything?

Can I claim travel expenses for unpaid charity work?

  Written by Marc   Posted 8 October 2013

I work for a software company three days a week and on the other two days I provide unpaid help to various charities. Am I able to deduct the travelling expenses to and from the charity projects in my tax return?

Rental income - offsetting expenses for tax purposes?

  Written by Marc   Posted 8 October 2013

We only managed to get our first tenant from 1 October. Do we accrue only the expenses - interest on bond, levies, rates, etc. - from 1 October, or for the entire financial year?
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