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Tax and Disability (& SARS) – Assisting taxpayers claim their Tax Refunds
- July 3, 2016
- Posted by: Themba
- Category: Accounting, Tax
No CommentsTax and Disability Experts A taxpayer who has or whose spouse or child has a disability in accordance with the criteria set out in the ITR-DD form and confirmed by the medical practitioner, can claim 33,3% of the qualifying out-of-pocket medical expenses, which include disability related expenses, paid during the relevant year of assessment. SARS
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Income tax: deductibility of expenses incurred in the production of commission
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
Any expense actually incurred in the production of the income is tax deductible provided that it is not of a capital nature in terms of section 11(a) of the Income Tax Act. The negative test on the other hand, section 23(m) of the Act however prohibits expenditure in terms of section 11(a) of the Act
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Working Overseas, do I also pay tax in SA?
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
We accept that you are a South African tax resident temporarily working Overseas. You will then still have to declare and possibly pay tax in the RSA on all your income. The remuneration earned outside South Africa may qualify for an exemption from normal tax. This would apply if you have been outside South Africa
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Do I Need To Pay Tax
- March 28, 2016
- Posted by: Prebo
- Category: Accounting
People who pay income tax are generally individuals who earn an income e.g. from a salary, commission, fees, etc. If you earn under R350 000 for a full year from one employer (that’s your total salary income before tax) and have no other sources of additional income (for example, interest or rental income) and no
