Tax on Bonuses and Medical Aid and perks

  Written by Marc   Posted 18 September 2013

1. How is bonus taxed?
2. Is my portion of Medical Aid taxed? Is it a perk?

Parents over 80yrs old, income of 350K/yr from rentals, do they need to pay tax?

  Written by Marc   Posted 18 September 2013

My parents are over 80. The only income they enjoy is from 5 rented cottages on the property where they collect on average ZAR 6000/month. This equates to a total income of around ZAR 350K/yr. They claim they do not need to pay tax on this nor need to complete a tax return!? Is this true?!

They are cashed up, do not have or service any debt. The only significant asset they own is the single property on which they both live and rent the cottages out.

What does R-111 on a IT34 stand for?

  Written by Marc   Posted 18 September 2013

What does R-111 on a IT34 stand for?

Tax Calculation on annual salary of R180,000

  Written by Marc   Posted 17 September 2013

What is the tax calculation for final tax on an annual salary of R180,000?

How long does audit take?

  Written by Marc   Posted 17 September 2013

I was audited nearly 3 months ago. I was requested to submit documents, which I have done in July already and have had no feedback as yet. How long does this usually take?

I have to claim travel, but didn't keep a logbook. Can I make one now or too late?

  Written by Marc   Posted 17 September 2013

Hi TaxTim! I have to claim travel, but didn't keep a logbook. Can I make one now or too late?

Can one delete / cancel a SARS dispute once started?

  Written by Marc   Posted 17 September 2013

I was recently audited by SARS and was unsure as to how they got to their results. As I was considering a dispute and unsure about the process I clicked on the dispute button, and a blank dispute was automatically saved.

I have now decided not to dispute, how can I delete this blank dispute so that the case will proceed?

SARS tells me that I received a fringe benefit filed under Code 3808 and that I now owe them

  Written by Marc   Posted 17 September 2013

SARS tells me that I received a fringe benefit filed under Code 3808 and that I now owe them R15 000! I do not receive any benefits as such and Payroll confirms that there is no error on my IRP5.

Is there something that I have not claimed or acknowledged?

Can I pay TaxTim on a later stage?

  Written by Marc   Posted 17 September 2013

Is there no way I can pay TaxTim later after I received my tax return or when I have money in my account?

I do not have any supporting documents

  Written by Marc   Posted 17 September 2013

Hi Tim

I have started submitting my Tax in 2012. Now they asked for 2011. I was only working about 6 months in 2011. When I called my previous employer he said he cant give me any documents as he has lost it all in a robbery. SARS is asking for supporting documents for 2011 and I don't have anything (not even medical aid etc).
What do I do ?

Thank you
Lara

How can I be helped online to get a tax number?

  Written by Marc   Posted 17 September 2013

I want a tax number but I'm far from a SARS office.
Is it not possible to register online to get it?

How do employers calculate PAYE on the ITR14?

  Written by Marc   Posted 17 September 2013

How do employers calculate PAYE on the IT14?

Penalized for not paying tax (low income)?

  Written by Marc   Posted 17 September 2013

Will one get penalized for not paying a personal income tax, even if you submitted your form? If so what would it be? This is for a low income wages.

How does retirement annuity help me in regards to tax?

  Written by Marc   Posted 17 September 2013

How does a retirement annuity help me regarding tax deductions?

How am I going to know how much I will get and how do I calculate it?

  Written by Marc   Posted 17 September 2013

How will I know how much do I have to get, and how do I calculate?

How do I ensure that I've logged in as a student?

  Written by Marc   Posted 17 September 2013

How do I ensure that I've logged in as a student?

Why is TaxTim asking me to pay as a student doing an assignment?

  Written by Marc   Posted 16 September 2013

I registered on TaxTim but it's not showing the green tick on top corner and I have done the individual TaxTim and have been charged R199. So I'm thinking I've done wrong in my registration and have tried to register again and I'm not allowed to do that. Please help me.

How to go to saved tax return pages that I have been working on on SARS eFiling?

  Written by Marc   Posted 16 September 2013

I have e-filled my 2012 and 2013 tax returns on SARS, how do I go back to those pages and submit them as I understand I have not submitted?

Will I get a letter in the post with a tax reference number to replace my temporary one?

  Written by Marc   Posted 16 September 2013

Ok when I went and got my tax reference number, the lady that helped me said it's a temporary number and that I will receive another one in the post. It's been 2 months gone by and I didn't get anything as yet. I just want a tax reference number. I got a temporary one only. Is this the one I need always or do I have to wait longer for another one? I don't want to pay tax.

Tax on completing work online

  Written by Marc   Posted 16 September 2013

Hi,

I earn a monthly salary, but I would like to supplement my income by completing work online. What would the tax implications be? And how is it calculated?

AVS for first time tax payers

  Written by Marc   Posted 16 September 2013

Hi Tim.

I submitted my first tax returns this year. Was selected for audit even though I only claimed 2 month's worth of tax, submitted my IRP5 and waited. I see I have the AVS verification as SARS status. Is this normal for first time users or do I also need to go into a branch? I have not received a letter requesting any proof of banking yet.

Continue with TaxTim after I have paid through EFT

  Written by Marc   Posted 15 September 2013

I have paid the R199 by EFT now. How do I continue? Will you send me a message?

Can I submit before printing a task? I am a student doing the assignment.

  Written by Marc   Posted 15 September 2013

If I have more than one task and I submit the first one before printing it, will I be able to go back to it and print it afterwards?

Legal fees - Deductions for company

  Written by Marc   Posted 14 September 2013

If a worker at a construction company loses his footing and falls to his death during work and his family sues the company for damages, are the legal expenses pertaining to that claim deductible on the company's taxable income calculation?

How do medical source codes 2810/4500/4474 work?

  Written by Marc   Posted 13 September 2013

How does it work?
Source codes 2810/4500/4474
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