Tax Q&A
Do PTY LTD companies who have paid dividends have to issue their shareholders with IT certificates?
With the introduction of new dividends tax, shareholders have been taxed before their dividends are paid to them. Does the company who has paid the dividends an
Read moreHow do I claim for buying a house?
I am a freelancer in the film industry. I have been told that I can claim back for buying a house and renovating it. Is this true? I would also like to claim ba
Read moreHow do I unlock my eFiling?
i forgot my login and passeowd You need to retrieve your password by clicking forgot password on eFiling page.
Read moreI don't have an IRP5 option and when I click on returns issued nothing happens?
I have not used e-filing while. You have not registered your profile for your income tax return: How to register for SARS eFiling
Read moreWhat is an ITA34 for SARS purposes?
What is an ITA34? An ITA34 is a summary if your assessment for the tax year. You need to have a look at it and see if you agree, if not then you can dispute
Read moreLeave pay
I work as an sales rep. I don't know how to call this. At my previous employer I got a (leave pay bonus) if I took leave. They explained it to me at the time th
Read moreHI TIM, Wonderful Blog
I worked in South Africa for 44 days in the Financial Year 2012-2103. I went back to India. Recently I have efiled my Income tax return via online from India an
Read moreMy Old Employer's Accountant is refusing to issue me with an IRP5
My Old Employer's Accountant is refusing to issue me with an IRP5 based on an old salary dispute. How should I handle this? It has been submitted to SARS a
Read moreHow do I download my medical aid tax certificate via eFiling?
I have done my return on eFiling however it is not complete because I have a medical tax certificate which must be added....it has been scanned. If you have
Read moreWhat is the tax implication if have use of a company car? and can I claim any deductions on my ITR12
What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook? When submitting return what
Read moreMedical Credit
Hi Tim. Love the website! So, what in essence is happening is: Unless your Over 65, Disabled, Very Sick and your Out of Pocket expenses are ridiculously high and
Read moreDo I still have to register with SARS and fill in a tax return?
In 2012 I was paying PAYE, I got an IRP5 from work but did nothing with it as I didn't know what it really was. Then in February 2013 they raised the threshold
Read moreHow do I change my banking details at SARS?
I registered with another account and now it has changed I have a new one how do I consult SARS? Change of Banking DetailsIf you have any further questions
Read moreI started receiving my salary on June 2013 must I submit a tax return?
I am a new graduate and just found a job and will receive my first salary on July 31st 2013 so I would like to know if I should submit a tax return? No your
Read moreRebates
I just requested a calculation on my tax return and I had to get a 7500 refund. So I submitted. Now that I have submitted my ITA34 says I'm only getting a 1500
Read moreShould the loss incurred be excluded (ring-fenced) for the calculation of your tax liability?
After declaring my rental income and expenses on the ITR12, I'm presented with this question after specifying the source code (which I assume is 2533). Which s
Read moreWhat is the tax rate on a second income?
If I'm wanting to take on another part-time job, how will I be taxed. I think my net will be R7000 for both?! It would depend on the tax tables, but on R14
Read moreWhat is a tax practitioner?
I have no idea what to select on the sars eFiling website. A tax practitioner is a registered professional who specialises in tax and would complete your for
Read moreWhat is the correct code for tax return completion for a severance package received if retrenched?
Should a package offered by an employer to an employee that gets retrenched (un-voluntarily) be recorded in the IRP5 under code 3901 or a different code? Yes
Read moreWill TaxTim allow you to add Medical Aid, RA's,Mileage and other investments like ETF's?
I am under the impression TaxTim will easily allow you to add Retirement annuities and medical aid but how does the system work with Mileage that needs to be cl
Read moreBeing hired as a consultant for UK based company but I will be based in SA, how am I taxed?
I am joining a UK based company next month as a consultant - I will be the only person working in SA so they do not want to open an SA entity - They will be pay
Read moreI want to submit my tax returns to SARS
I have got the following forms.1) IRP5 from2) Discovery medical aid tax certificate (From December 2012 to February 2013). Medical amount is deducted f
Read moreI do not have a medical aid but have kept all my receipts for doctors and medication, what do I do o
How do I claim this back? You can include this in your tax return under the medical aid section when asked for expenses not recovered from medical aid.
Read moreMy IRP5 for my current job is on my eFiling form, but the second one on there is not mine?
I only have one job where I have been employed for the last 17 years, so do not know where the second one come from. You can delete the information or on the
Read moreHow do you apportion depreciation for a PC with both business and personal use?
I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it i
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