What to do when disability & medical on ITR12 is not part of ITA34 and received letter of completion

  Written by Marc   Posted 27 January 2016

Hello TaxTim, for the tax year 2015 I completed my ITR12 through e-filing on the 26-11-2015, including my disability totals. The same day I received the ITA34 but not reflecting my disability & medical costs. I also received a letter to submit supporting documents the same day and did so on that same day. I also filed a NOO on the 10-12-2015 objecting the fact that they excluded the disability & medical claim/section, accompanied by the supporting documents. They send me an SMS that I have to pa...

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What are fringe benefits?

  Written by Marc   Posted 27 January 2016

My company pays for my medical aid in full. But I get taxed more on my salary,They say its called fringe benefits. Please explain

Confusion about claiming expenses

  Written by Marc   Posted 26 January 2016

I earn a monthly income on contract basis from a company, but I also freelance from home. Does this make me a provisional taxpayer and an individual taxpayer?
does this mean I can claim tax back from expenses such as petrol, cell phone and home office space?

Can I submit a tax return with both provisional tax and IRP5 information?

  Written by Marc   Posted 26 January 2016

Hi there! I am a freelancer and earn about R120 000 a year. Some of my clients pay me the exact amount I invoice them, but two of my big corporate clients deduct tax before paying me. Can I include all this information in my first provisional tax return?

How much will she be taxed

  Written by Marc   Posted 26 January 2016

Hi TaxTim my daughter is 11 years old she does acting part-time now I want to know as she earn R1500 per shoot, she only had 10 shoot how is she going to be taxed. She has a tax number.

Would I get the refund originally calculated after verification assessment is complete?

  Written by Marc   Posted 26 January 2016

When I submitted my tax return, I received an ITA34 informing me that I am due a R3 000 tax refund from SARS. Then I received a letter from SARS asking me for supporting documents, for verification assessment, which I had then submitted. Now I receive further correspondence regarding the verification assessment saying that "no adgustment has been made to the assessment". Does this mean I still get my R3 000 tax refund? And if so, by when can I expect payment of this refund?

What is the final payout on R968876.30 after tax

  Written by Marc   Posted 26 January 2016

My accumulated pension fund is R968876. 30, if I resign how much will be my payout after tax.

Tax implication on Buying Namibian property and Rental income from Namibia

  Written by Marc   Posted 26 January 2016

What is my tax obligation/implication when firstly, buying a property in Namibia and secondly, after building on it renting it out and earning rental income on a monthly basis. I am an employed SA citizen. How do I declare this on my tax return

CGT on deed of sale or on date of transfer of property

  Written by Marc   Posted 26 January 2016

I sold a rental property in my personal capacity and the deed of sale was 22 January 2015 but the deed of transfer was 6 months later. When am I liable for CGT? Tax year 2015 or 2016?

Income TAX for temp job with total income under tax threshold

  Written by Marc   Posted 26 January 2016

Will be registering with SARS for income tax this coming week. Doing a temporary job for January and February. 1. The business owner is telling me that will deduct 25% from the amount agreed, although for the two months (Jan and Feb) the total amount will be below the annual tax free threshold (R73 650)
Is this correct?

2. Will I be able to recover all the TAX, which will be deducted, when I submit the tax return for 2016?
(the actual amount is R63K and my tax will be friken R15 750 in total!)...

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How do I gain access to eFiling to see the progress on my returns, returns done by tax practition?

  Written by Marc   Posted 26 January 2016

I have a tax practitioner that does my tax returns on my behalf. How do I gain access to SARS eFiling to see the progress on my tax returns?

Tax payable on unit trusts in us $ when converted to cash

  Written by Marc   Posted 26 January 2016

Tax payable on unit trusts in US $ WHEN CONVERTED to cash

PAYE calculation on Tempory/Part time employee

  Written by Marc   Posted 26 January 2016

Good day, if an employee has a 6 month contract, does he pay more tax than a permanent employee and if so, what %?

How to calculate provisional tax Feb 2016

  Written by Marc   Posted 26 January 2016

As a provisional tax payer what are the periods (months) that I need to consider in order to calculate my tax submission for 28 Feb 2016?

Is SARS definition of 'taxable income' circular with respect to donations made?

  Written by Marc   Posted 26 January 2016

According to SARS, "Deductions in respect of donations to certain public benefit organisations are limited to 10% of taxable income (excluding retirement fund lump sums and severance benefits)". But taxable income is the difference between gross income and deductions, one of which is the amount donated. So the SARS definition is circular, and therefore impossible to calculate. Or am I missing something?

Capital gains tax on property

  Written by Marc   Posted 25 January 2016

I have sold property and would like a estimate how much CGTi I must pay.

How do I get an IRP5 from a previous employer (strained relationship due to CCMA applic)

  Written by Marc   Posted 25 January 2016

I am struggling to get an IRP5 from a previous company. Can I submit so long without the IRP5? If not, what do you suggest I do to get it.. Do I have to go thru SARS?

Full time employee who does after hours freelance work, should I register as a provisional tax payer

  Written by Marc   Posted 25 January 2016

I am a freelance web designer / developer. I work a normal 8 - 5 job during the day from which I get a monthly salary from my employer, I fall into the lower end of this tax bracket R377 451 - R528 000. On some months, I get side projects to work on and during the course of last year, the freelance business made approx R40000 (forty thousand rand) after expenses. I would like to find out if I should register as a provisional tax payer.

How do I deregister as provisional tax payer

  Written by Marc   Posted 25 January 2016

I got an sms from SARS saying that I owe them R5500. When I queried this,,my accountant said that SARS registered me as a provisional taxpayer, which I am not. I have a small private business in the health industry and the only other income I have is my son's maintenance from his father. How did this happen? And how can I deregister as provisional taxpayer?

PAYE Requirements for companies

  Written by Marc   Posted 25 January 2016

I have a PTY(ltd) company and would like to know if I must register for PAYE. I am the only person/owner/director in the company with no employees who derives an annual gross Salary of R72000pa.

Rebates on 740000

  Written by Marc   Posted 25 January 2016

I have been taxed 740000 on pension lump sum. Will I get something when I claim tax this year?

Lump sum 2437667 , Homeloan520000 and250000. how much to keep?

  Written by Marc   Posted 25 January 2016

I have retired and lump sum is 2400000. I owe home loan of 520000 and loan from pension of 25 000. How much am I going to keep?

Statement of account issued but still under audit

  Written by Marc   Posted 25 January 2016

I recently did my tax return for the first time as this is my second year been employed, my tax return showed -R2133 I was than asked for additional documentation I submitted my IRP5 and Medical aid certificate. After that I was selected for an audit and after about a week I received my statement of account but I still have not received my refund does this mean the process is complete? I noticed that on the statement of account under audit it says "yes". Whats does that mean and how long does th...

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Can you be taxed more on your salary by employer?

  Written by Marc   Posted 25 January 2016

Can your employer tax you more on your salary, than what the tax calculator said?

Do independent contractors working for US company have to pay South African tax.

  Written by Marc   Posted 25 January 2016

Awesome website you have, I currently reside in Cape Town and I am a South African resident, I recently quit my South African job in July 2015. I started working for a US company as an independent contractor as of 1 September 2015 until present. I also freelance on the side for a South African business, I work about 6-8 hours a day for the US company and on average 6 hours a week for the South African based business. I would like to know, what are the tax implications in my case for South Africa...

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