Results 1 to 4 of 4

Thread: TAx 2008

  1. #1
    New Member
    Join Date
    Nov 2008
    Posts
    3
    Thanks
    0
    Thanked 1 Time in 1 Post

    TAx 2008

    Hi GUys

    I am self employed..have small profits a year, hence
    I cannot afford an accountant.I am looking for some document
    or book that can help me with tax.I have downloaded all the stuff from
    the SARS website but it does not give you information like if
    you work from home how much can you claim as rent etc and also
    medical aid/ pension etc...

    Someone mentioned that there is a book available for SA tax payers
    but I cannot get the title

    Thanks
    kimmy

  2. #2
    Silver Member geraldenek's Avatar
    Join Date
    Jul 2008
    Location
    Somerset West
    Posts
    229
    Thanks
    19
    Thanked 112 Times in 80 Posts
    Hi Kimmy

    I haven't seen an information page from SARS, but what you can do is have a look at the income tax act - www.acts.co.za but then again, it's a lot of information.

    You can ask questions i will be more than willing to help. With regards to rent - you have to do a pro rata calculation. e.g. if your rent is R4000 p/m and you use say 10 square meters out of 40 square meters for business purposes, you will take 10/40 x 4000 giving you R1000 deductible for rent purposes a month. Electricity and water works on the same basis.

    It's a bit difficult explaining the medical aid - you can get those from the sars website - http://www.sars.gov.za/home.asp?pid=11143 use the IT12 comprehensive guide, same goes for pension fund

    It's a bit difficult explaining the stuff, seeing that i don't know your figures, or how many people on your medical aid etc.

  3. #3
    Silver Member
    Join Date
    Jun 2008
    Location
    JHB
    Posts
    271
    Thanks
    73
    Thanked 76 Times in 56 Posts

    SARS brochure

    As Geraldinek mentions, no 100% adequate brochure exists, but a relatively comprehensive one can be downloaded from the SARS website:

    http://www.sars.gov.za/home.asp?pid=11143

    Tax Return Completion Guide
    IT12 Comprehensive Guide - DOWNLOAD THIS DOCUMENT

    I have it in pdf format but it's a bit bulky to upload. Will do so if a lot of readers request a copy - knowing that the SARS website can be soooooooo slow sometimes.

  4. #4
    New Member
    Join Date
    Nov 2008
    Posts
    3
    Thanks
    0
    Thanked 1 Time in 1 Post
    Thanks Guys

    Looking at the comprehensive guide now.

    Thank you
    kimmy

Similar Threads

  1. 2008 income tax return filing season starts
    By Dave A in forum Tax Forum
    Replies: 5
    Last Post: 19-Jan-09, 09:47 PM
  2. Replies: 1
    Last Post: 22-Feb-08, 04:38 PM
  3. Replies: 0
    Last Post: 22-Feb-08, 04:28 PM
  4. Flat tax rates for SA.
    By Dave A in forum General Business Forum
    Replies: 3
    Last Post: 13-Apr-07, 10:25 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •