Tax Q&A
What expenses can I deduct to calculate my taxable income
Please enter your Taxable Income. This is your Gross Income minus the business-related expenses from business or rental income. Also subtract any contributions
Read moreCompany changed trading name and I cannot get my 2011 IRP5 from new company
Hi, I submitted my tax return this year 2015 and they owe me a refund, only to be asked for 2011 tax returns and 2013, 2014 when I filed I was not asked for 2
Read moreHow much will I get if I start claiming my returns from 2013.
I have been employed since 2013 and have not claimed my tax returns since then, so I would like to know how much I would get back if I claim this year. Yo
Read moreI called my previous employer for my irp5, but they sent me an IT3a can I use it as supporting docum
I called my previous employer for my IRP5, but they sent me an IT3a can I use it as supporting document. Yes you can, it is basically the same document.
Read moreDo you pay tax on leave pay outs?
An employee wants us to pay out 10 days' leave? Is it taxable? Yes the leave will be taxable at the standard PAYE rates, you would need to work out what hi
Read moreAdditional Medical expenses
Why when I include medical expenses that are not covered by my Medical aid, does my tax return not change? No refund at all. Please read through our blog
Read moreCan I deduct financial support for my parents from my tax?
May I deduct contributions made to support my parents expenses to pay for the old age home. His pension is about half the amount of his medical aid. We are th
Read moreTaxation on UK pension lump sum payout (Aged 55 and now reside in SA since 1 Jan 2014)
I have decided to cash in my Pension Pot in the UK (I was 55 years old in 2014 and therefore can retire) - I have been paid out UK Pound amount 47843 of which
Read moreWhat to do when one hasn't filed for the last 4 tax periods?
What to do when one hasn't filed for the last 4 tax periods? You must urgently file your tax returns to minimise any possible penalties from SARS.
Read moreWhat deductions can I as a homeowner claim for ?
As a home owner can I claim for insurance, armed response,renovations? There's no business on premises. Unfortunately you cannot claim for any of these exp
Read moreRequest for vehicle purchase agreement
I submitted my tax returns via eFiling, I also claimed for travel expenses refunds on 2 vehicles my tax returns were selected for verification by auditors who
Read moreFreelancer with multiple sources of income, what sort of tax do I register for and how do I sumbit?
I am a freelancer working in the film industry. As such I have have periods of consistent work with a production company for a number of months, but also gain
Read moreWhat can I do now?
I never received my IRP5 from my employer You can check if SARS already has this information by requesting your Tax Return on SARS SARS eFiling and checkin
Read moreForgotten IT3 submission
I've already submitted my IRP5 but I just found IT3 for an investment policy from last year and this year. Is it possible to still submit these or should I wa
Read moreQuery on SARS eFiling?
Hi TimI have submitted my tax return, and was asked for supporting docs as I was selected for audit. I have since submitted all supporting docs, and on my SAR
Read moreTaxation of rental income within a business
I own properties in a business with 2 partners, can the monthly bond repayments be deducted from the income generated from the rentals? Only the interest p
Read moreJUST FOR ARGUMENT SAKE.
If you are retrenched and your provident fund is standing on an amount of R501200. 00. WHAT AMOUNT TAX WILL BE DEDUCTED? Please make use of our Lump sum ca
Read moreTax payable on savings?
What % tax do you pay on interest earned on savings and or fixed deposit. It depends on how much your earnings are and therefore which tax bracket you fal
Read moreWorked for 2 companies within tax year so I need to know how to fill in my tax form now on eFiling.
I worked for 2 companies with in the tax period. (one for 6 months and one for 5 months) - do I click 2 tax certificates received? how does SARS eFiling pick
Read morePurchasing a home for a relative
I am considering purchasing a residential property for a family relative, who would stay there and contribute towards the bond repayments. However, I would no
Read moreCompletion letter from SARS
I received a Completion letter from SARS as below, what should I do next? -----------------------------------------------------------------------------------
Read moreHow long does it take SARS to issue a return?
I submitted my tax return in early July, the notice of assessment declared that I was owed a tax return. I still havn't received my tax return, and no audit a
Read moreWill an outstanding tax 2011 influence my tax clearance? My pension is being paid out.
My pension is being paid out. The pension fund will do a tax clearance before paying my pension. I have a 2011 tax payment outstanding, will this influence my
Read moreDo you deduct incurred expenditures against business income or paid expenditure?
When seeking to deduct expenditure against my business income in the 'business income" section, I apply the general rule right - only deduct what I ac
Read more12 mth estimate or actual 6 mth figures for medical cr and expenses calc- period 1 2016 Prov Tax?
For Provisional tax that's due now, do I enter medical credit for the year as per SARS instructions and then half it or not? Same question for medical expen
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