Tax Q&A
Am I able to make changes to a return that has been filed -- say for the 2014 year ?
Hi - Am I able to make changes to a tax return that has been filed -- say for the 2014 year? You are able to make changes to a tax return already submitte
Read moreIs my bond installment, tax deductable?
Hello Tim. I am a home owner and currently staying in the house where do I have to put in the amounts that the bank send me via a tax invoice? The invoice sta
Read moreCan Tax Tim help with previous years returns not filed on our behalf?
We found out from SARS after resetting SARS efiling passwords that Returns that we thought had been submitted by a practitioner we used for my Husband for 201
Read moreCan i submit a dispute after the first assessment?
We were audited and received a second IT34. The amount reflected is less than half of the original amount. We want to dispute this amount. My questions: how l
Read morePortion of retirement annuity contribution gets coded as 3808, why?
Last year my employer added a RA to our benefits. The deal was that the employee pays 5% of salary towards the RA and the Employer would pay 7% to total of 12
Read moreCan I claim my monthly expenses, can I get a refund on monthly regular day-to-day expenses?
I have properties jointly with my wife (Community of Property) and getting rents which covers all my payments towards my bonds, Rates & Taxes, Levies and Refu
Read moreWhere to declare foreign inheritance on the ITR12 form.
Is there a place to declare the amount of inheritance I received from my parent who died in the UK on the ITR 12 form. I am a SA resident who pays SA tax. I k
Read moreWhat expenses can I deduct on my Forex earnings?
I am a full time employee, earning a salary every month. I recently started trading Forex and understand that the profits will be added onto my existing incom
Read moreAccording to SARS criteria, I dont need to sumit ITR12. But do I still submit IRP6 twice yearly?
I'm a provisional taxpayer. According to recent communications from SARS, I no longer need to submit ITR12 any more as I match all their criteria. My question
Read moreTax liability on profit of 9000 per month on my business
If I get R9000 as a profit on my business how much tax do I supposed to pay Are you a sole trader or is the business you have a PTY?If its a sole trader, c
Read moreLog book app
I would like to use your services. If I send you an ABSA fleet sheet report do you build a logbook? You are welcome to use our services, however we do not
Read moreDo you do income tax submissions for businesses?
Do you do income tax submissions for businesses? I need someone to do my income tax returns for my business. Can you help?
Read moreWill my refund be issued if I have old returns outstanding?
I have completed my income tax, and there is a refund owed to me. Will this be paid out if I have not done the assessments for the years 2011 and 2012. But I
Read moreSARS is verifying my assessment
Dear TaxTim. I have completed my Efiling early in July 2016 and shortly after were asked to supply supporting Documents which I did. Then a few days later Sar
Read moreNew tax number
I took out a retirement policy for my domestic worker and she has now reach retirement age where do I get a tax number for her Please click on the link for
Read moreType of supporting Documents to provide SARS for Laptop Depreciation?
Hi i submitted my 2014/2015 Tax tax returns and included depreciation of my personal laptop I used for work from February 2014 to June 2015. My company did al
Read moreMedical expenses for children
My children are on my ex husbands medical aid, but I am paying half of all their medical expenses in cash. Can I claim for it You can claim the portion you
Read moreWhat are the allowable deductions for a consultant?
What expenses can I claim for as a consultant Are you freelancer? If yes, you should be able to claim all expenses incurred while working. If you use items
Read moreDO I GET MONEY BACK
How do I know if I get money back from SARS Please click our Tax refund calculator and check if you are due a refund
Read moreAssets in the form of Cellphones, Laptops, Cameras - Are these tax deductible as I use it for work
I bought a new Personal Computer (Laptop) for both work and personal use in November 2014 as the 2nd hand ones were always breaking down or crashing. Also bou
Read moreWhat do I need to complete returns for the past 3 years
What do I need at hand to complete tax returns for the past 3 years You will need your IRP5, medical certificates, retirement contribution certificates, in
Read moreNotice of assessment from SARS
I submitted my tax on the 1st July after which SARS requested my documents which I submitted the very same day. Then I received a notification stating my inco
Read moreAre IT3B's required in document verification for a refund?
My interest from local sources (4201) is less than the maximum annual limit allowed by SARS. I was selected for document verification. Do I need to submit my
Read moreclaiming for raising grandkids
We are raising our grandchildren can we we claim Unfortunately not, this a personal expense which is not deductible for tax purposes.
Read moreWhy do I pay tax
Why do I pay tax every year even my annual income is less than R350 000? You are liable to pay tax if your income exceeds R73 000 per year. The R350 000 yo
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