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Frequently Asked Questions
When will I be able to claim home office expenses?
Provided that you meet the requirements as set out in the Income Tax Act and you are an employee who works from home and have set aside a room to be occupied for that purpose, you may be allowed to deduct certain home office expenses for tax purposes calculated on a pro-rata basis. Contact us to see if you qualify.
What are the schooling costs I can claim for my disability or my dependant or spouse?
Special education needs schools mainly for learners with disabilities.
• cost of a school assistant, if not part of the school fees;
• school fees in respect of a private special education needs school, limited to the amount in excess of the fees that would ordinarily be payable if the person attended the closest fee-paying private school (not specialising in learners with special education needs) to where they live; and
• school fees in respect of a public special education needs school, limited to the amount in excess of the fees that would ordinarily be payable if the person attended the closest fee-paying public school (not specialising in learners with special education needs) to where they live.
Can SARS find me in another country?
As per the Common Reporting Standards (CRS) and the automatic exchange of information, Sars receives information on offshore income and financial information of South African tax residents. If you have not been submitting tax returns declaring your foreign income, you will be seen as non-compliant and face harsh consequences. More so, if you do fill out tax returns and they do not correlate with the information Sars has been privy to, it could be seen as a criminal offence.
SARS will catch up on undeclared income?
A tax court judgment concerning a wealthy businessman who had repatriated to South Africa and failed to disclose that he had made a capital gain in his 2009 tax return was handed down electronically on April 23.
The taxpayer accumulated considerable wealth from businesses outside of South Africa. By 2003 his personal net worth exceeded R119 million. It is to be noted that he earned income and accumulated this wealth while he was not resident in South Africa
SARS Closes Branches to August 2021 as Third Wave of Covid rages?
Branches will be closed from 1st July to 16th August 2021 for physical visits.
Can I be taxed twice on the same income?
Yes, if an individual earns employment income in excess of R1.25 million and the double tax agreement between South Africa and the foreign country, if any, does not provide a sole taxing right to one country, both countries will have a right to tax the income. The portion of the income in excess of R1.25 million may end up being double taxed.
Generally, under the provisions of the relevant double tax agreement, if an employee renders services in a foreign country exceeding 183 days, both countries enjoy the right to tax the income. The country of source enjoys the first right to tax the employment income and the country of residence, in our case South Africa, will provide double tax relief in the form of a foreign tax credit to the extent that tax was paid in both countries, subject to limitations.