Tax Q&A

answers

Employer letter - Why home office should be allowed as a deduction (commission earners)?

I am the financial manager of an insurance company and one of the employees has asked me to prepare a letter as requested by SARS. The letter is to motivate as

Read more
answers

I tried to request a provisional tax return But Status: Awaiting Registration Verification???

I've registered as a provisional tax payer as i am a school teacher earning R5 000 and I earn commissions that add up to around R15 000 pm. I cannot get the ret

Read more
answers

I am a student and self employed with part time earnings of R6 600, how do I register as a taxpayer?

I am a student and work for myself part time getting an amount of R6 600 a month. I have a registered tax number and need help with what to do to pay tax please

Read more
answers

SARS lump 2 salaries together, a full time and a part-time salary.

My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice

Read more
answers

How to get a tax refund?

I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that? This could be due to the fact that all y

Read more
answers

I registerd with sars eFiling and got an sms that says thank you for registering with SARS, what now

I received an sms after registering with SARS eFiling that a statement of account has been issued on SARS eFiling for period 2012/07/18 too 2013/01/18. what doe

Read more
answers

If you have a depreciation expense from an asset eg a delivery vehicle, will that be offset by the a

When do you put in the the add back? You would include the depreciation on the accounting side then add it back on the tax form then under the credit adjustm

Read more
answers

Supporting documents - what if they are not submitted on time? I uploaded and forgot to submit?

Hi Tim, great website and good gen. SARS phoned me asking for a schedule of my deductions. I uploaded it and forgot to click on 'submit', then received a second

Read more
answers

How do I calculate the travel expenses to be deducted from Commission Income?

I earn commission only, but do not keep a logbook. Can I claim any deduction for travel from my Commission income. I kept the petrol slips. You can claim the

Read more
answers

Statement of assets when married out of community, but with 50/50 primary residence

Interested in how to represent the primary residence assets amount on the ITR12, statement of local assets and liabilities, if:Married out of community of prope

Read more
answers

What happens if you do not pay tax?

My previous employer said that I do not earn enough to pay tax, I have just recently found out that even if you do not pay tax there are some administration fee

Read more
answers

On the logbook do you need to give reason if a zero entry is made on a day of no travel?

On my logbook I have several entries as zero where I did not use my vehicle for travel. does one need to give reason for this on the logbook? The tax return

Read more
answers

How do i declare commission based income?

A family member is a running the contract in my name, I went to study so they took over. The income is commission based and approx 15k a month. They using their

Read more
answers

How do I locate my tax number?

I would like to find out how to retrieve my tax number? In order for you to retrieve your tax number you must phone 0800 00 7277 with all your personal detai

Read more
answers

How do I find out if I'm registered with SARS or not?

My previous employer said that I did not earn enough to register for tax, but there were some forms that I filled in from SARS so I just need to find out if I a

Read more
answers

What is employee's tax?

What is employee's tax? If you mean employees tax, then this is the tax that is paid over on your behalf each month. This is called Pay-As-You-Earn. In this

Read more
answers

How do I proceed with a tax directive? (One associated with my ex employer & from the pension fund)

I retired on 30th June 2012 and received a SARS Tax Directive that states that "tax amounting to R0.00 is to be deducted from the gratuity / lump sum payme

Read more
answers

What is the amount that I will receive for medical tax credits?

If I receive R12350 CTC per month, and I pay a hospital plan of R1200 per month, can I get a tax credit? R500 for myself, R700 for two dependants. You will re

Read more
answers

How do I go about starting a business?

Morning... I'm thinking of starting my own business - what should I do first? How much must the business earn per month to pay tax? It would depend o

Read more
answers

Maximum Limitation on Receiving a Gift before Liable for Tax?

Hello Tim,What is the maximum amount of money that I can receive as a gift from somebody before I become liable to pay tax on the gift? To be exempt from paying

Read more
answers

Please advise cost if you completed my annual tax return and provisional tax returns?

Please advise cost of completeing my annual income tax return and also provisonal tax returns For going through the TaxTim service to complete you annual ret

Read more
answers

What about a pensioner?

Where can I see the tax tables for a pensioner over the age of 70? Have a look at this link: https://www.taxtim.com/blog/sars-tax-rates-for-2013

Read more
answers

How do I get my tax number?

My boss wants my tax number at work and I don't know it as I don't know if I was registered or not? You need to phone 0800 00 7277 with your personal details

Read more
answers

What is the last date for submitting my tax return?

I would just like to know what is the last date for submitting your personal tax forms? If you are a non-provisional taxpayer then the deadline was 23 Novemb

Read more
answers

I am a first time taxpayer, what do I do now?

I finished my studies middle November 2012 and started working on the 19th of November. I am a bit clueless with the ins-and-out of tax. I have already register

Read more

Page 304 of 317

Showing 7576–7600 of 7902 articles