Schedule 13: Other revenue not reflected elsewhere
Schedule 13 captures income and expenses not reflected in another schedule
“Know-how” payments received;
Taxable portion of Lump Sum received from Provident or Provident Preservation Fund due to ill-health, death or retirement;
Share of taxable loss / income in a partnership;
Expenses incurred in the earning of Royalty payments;
Expenses incurred in the earning of “Know-how” payments;
Expenses incurred in the earning of Partnership income;
Expenses incurred in the earning of “Other” revenue.
Please supply the following details on a separate schedule:
Name and address from whom received / paid to,
Nature (purpose) of amount received / paid and
Amount received / paid.
Please supply a list reflecting the name of the done, the amounts of the donation and attach the certificates issued by the educational institution or welfare organization to which the donations was made.
Bad debts written off
Please supply a list reflecting the name of the debtor, the date and amount of the bad debt, the reason and amount written off and the action taken to recover the amount;
Legal expenses claimed
Please supply a list reflecting the date and nature of the legal expense, the grounds on which it is claimed as a deductible and the amount;
Losses as result of theft / fraud
Please supply a list with the date, nature and the amount of the loss and the amount recovered under any insurance policy, in case of stock losses indicate the method of accounting for such losses;
Foreign travel expenses
Please supply a list with the purpose and date of each foreign trip and the amount claimed. Where such a trip included private travel, the basis of allocation of the total expenses between private and business is to be fully disclosed.
Recovery of deductions and set-offs (Sections 14(4) & 14(5)
Submit details reflecting any deductions or set-off claimed which has been recovered during the year under review;
Please supply a list of people / businesses entertained: (PLEASE NOTE: private entertainment expenditure may not be claimed);
Other expenses incurred in the production of income
Please supply a list indicating the nature of the expeses and the amounts expended;
Please supply a list indicating the nature of the deductions and the amounts claimed;
Please attach partnership(s) Financial Statements and a computation of taxable income.
Please supply a list with details, description and amount, of income reflected under this heading.
Expenses in earning Partnership income – in addition to expenses claimed in the Partnership Financial Statements – provide a detailed list.
The amount to exclude any VAT levied.
Lump sums received from Provident or Provident Preservation funds due to ill health, death or retirement: Only 1/3 of a lump sum for such a fund is not subject to taxation and to be reflected on Schedule 20. The remaining 2/3 must be declared in Section 13.