In the assets and liabilities section of my annual income tax return, as a director, when they ask about vehicles etc. Is it my personal vehicles or the compa
Read moreIf I am a sole proprietor can I expense my monthly medical aid premium in full through the income statement? Unfortunately, this is not regarded by SARS as
Read moreWhat are the tax implication if I loan money to my company to buy a vehicle? We have a loan agreement in which the company will repay the loan to me in instal
Read moreI'm a commission earner and I can claim travel expenses. When I complete TaxTim 'Travel Deduction Optimiser' it will only let me choose the date of the purchas
Read moreMy employer is satisfied that only 60% of my travel allowance will be for business purpose, do I only include the 60% in my monthly payslip for PAYE purposes o
Read moreI work two jobs as an independent contractor in addition to my full-time salary. I use the same fibre internet connection for both these jobs which is debited
Read moreI received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received a
Read moreWhat will happen if I already accepted my auto assessment, but I have done so without submitting my travel logbook, am I able to fix this myself, what should I
Read moreSARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not su
Read moreI have received an SMS, stating that my tax has been assessed automatically and that a refund is due of R7000,00 however I do not know if my travelling has bee
Read moreCan a sole proprietor (extra income, working from home) claim for vehicle maintenance (I do most maintenance myself, but have invoices for the parts) and insur
Read moreI have the option to participate in an employee share option scheme, but I'm a little unclear on the tax implications. I high-level view is as follows:Options
Read moreI have been paying PAYE on a site/home allowance which I get because I work on a site away from home. Can I get a tax deduction on this. My employer put it as a
Read moreI don't know what is s12eThis query relates to question 4862 "Please enter the S12E accelerated depreciation allowance which the company can claim. Use our han
Read moreQ: Please explain the tax calculation between pensionable and non-pensionable salary A: Pensionable earnings would be the income/remuneration used by your
Read moreI bought a used bakkie from a friend at his book value and sold it soon after at a good profit. Will it be taxed under capital gain? Do you usually buy and se
Read moreOne of the questions most asked when it comes to tax season, is “what happens now that I’ve submitted my income tax return, when do I get my refund?
Read moreFrom a tax perspective which is more beneficial to an employee: a car allowance or a company provided vehicle? What would the impact be on either if the employ
Read moreI have a loan with my company (payable from the company). I would like to know what the effects are that we need to consider regarding interest-free loans? I
Read moreI am currently completing my 2 daughters, my son in law, my husband and my tax returns for the 2015 tax year and I am unsure of code 3801 and 3810 on my daught
Read moreCalculation of fringe benefit tax on a company car. Car owned by the company used for business purposes and a small amount of private (home to work etc) Codes
Read moreHow is 3699 Gross Remuneration arrived at? I meant 3699, what does it mean as is reflected on one's payslip? How does the employer arrive at this as Gross Rem
Read moreDoes source code 3699 include all employment income, so it should it reflect your cost to company? Source code 3699 reflects income that's taxable only (for e
Read moreI have used my vehicle for official travel - there is only code 3703 on my IRP5. Can I claim travel expenses in my return? This is a reimbursive (tax-free) all
Read moreAs part of my package I receive the benefit of a fuel card and car allowance (but I do not do any business travel). However, on my tax return for 2020 I had t
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