Tax Q&A
Accrued Interest on my income tax return?
Do I submit 'accrued' interest with my interest paid when completing my tax? Yes you would need to include all interest for the tax year whether received/pai
Read moreSelected for audit and need tax clearance certificate?
I have been selected for a SARS audit. I need a tax clearance certificate to continue my business, but it appears that SARS will not issue one. Where do I go
Read moreMedical aid claims
Myself and my wife are on the same medical aid. She is the main member and pays for it every month. Myself the dependent have many medical expenses that where no
Read moreMust amount of R2,15 payable to Sars be paid?
My net amount payable for tax assessment is R2,15. Must I pay this amount? No you do not need to pay amounts under R100.
Read moreI have lost my IRP5 form can you guys help me without it?
I have lost my IRP5 form can you guys help me without it? Unfortunately no, only your employer will be able to provide you with the IRP5.
Read moreWhere do I enter the capital gain for unit trusts on my tax return
I have an IT3c unit trust provisional consolidated capital gains tax certificate in front of me. I need to fill in the capital gain for my unit trust under code
Read moreAm I still required to lodge tax returns in South Africa?
I am a South African citizen who has been living overseas for several years. I left South Africa before registering for a Tax File Number and I have never lodge
Read moreWeb Development source code for eFiling
I've did some freelance web design and development in the last tax year and so now have to declare it on eFiling. No IRP5's or anything formal like that, so I'v
Read moreWhy didn"t the company show provident fund on the IRP5?
I want to know about the provident fund (4003) its not shown on my IRP5 that I get from the firm. How will the tax man know that I pay provident fund when its
Read moreI want to have a tax return claim with TaxTim?
I'm a worker and I want to claim my tax returns You need to file a return with SARS to see if you have a refund or have to pay into SARS. You can begin
Read moreHome office space deduction for tax purposes on my ITR12?
I have a small business. How much can I deduct for office space? My home is 800m2, using 80m2 as real office space. My homeloan deduction is R42 000 (R22 000 in
Read moreSpectacles cost balance as a physical impairment.
Is the balance of the cost of prescription spectacles classified as a physical impairment? Spectacles unfortunately do not qualify as an impairment for SARS
Read moreI don't wish to submit using TaxTim, how can I change the settings?
I would rather submit my tax return manually. How do I now change the initial choice I made when asked? On the T-filing authorization page (the one that shoul
Read moreShould my employer deduct tax from my monthly salary of 10 000 rand?
My annual salary is less than 150 000 rand. do I have to pay tax? Yes you do, tax is paid on income over R70 700 for the 2015 tax year which runs from March
Read moreShould interest on your home loan be deducted from your rental income?
Trying to complete the rental income sections: Did you incur any expenses while earning this rental income? Does interest on the home loan need to be included he
Read moreIf you are currently on a 3 month contract which started on October and ends December, must I regist
If you are currently on a 3 month contract which started on October and ends December, do you still register for tax? Yes you must register for tax and you c
Read moreClaiming for medical aid not in my name
If my and my wife's medical aid is in her name, but I pay the contributions every month, can I claim back when I submit my tax returns? Your wife will h
Read moreWear and tear and petrol claim on my ITR12?
Can I claim for wear and tear on my vehicle even though I am an employee and work at the office from 9 to 5 daily? Can I also claim for petrol and if so how wou
Read moreContract work (Freelance administration)
I am a contract worker and I have worked for two different companies this tax year. The one company submits an IRP5 for me which makes my life easier, but the o
Read moredoes interest paid on a loan offer tax relief in business..
does interest paid on a loan offer tax relief in business.. Yes, if the loan relates to the business and is in the business' name then you can deduct the int
Read moreDo I have to file a tax return?
I need a clarity on tax return, I am earning less than R250 000.00 per annum. Is it possible for me to claim tax return? Yes it is possible, depending on y
Read morepetrol, train & bus
Can an employee claim for the petrol they use to go to work each day? What about train fare or bus fare - can this be claimed too? Unfortunately not, this i
Read moreInterest on late refund from SARS?
In response to your blog entry "What?%u20AC%u2122s the delay with getting my SARS Refund?". When and how does SARS become liable to pay interest on late refund
Read moreProvisional Tax?
What is provisional tax and am I a provisional taxpayer? Unfortunately not yet, but please click the link on What is Provisional Tax? How and when?
Read moreTransfer provident fund
I resigned from my job at the end of December 2013 so that I could study this year. I transferred my provident fund (momentum funds at work which was mandatory
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