Completion letter - what is that?
Posted 23 July 2015
I just receive an SMS from SARS which says a completion letter has been issued, what is that?
SARS status says correction filed
Posted 23 July 2015
Hi, My SARS eFilling status is "Correction Filed" and my my SARS status is "Return - Assessed" (your tax return has been assessed and you should recieve your notice of assessment as a attachment in you SARS eFilling profile in the next 2 weeks.
When I submitted my tax return I was selected for verification and had to upload supporting documents. I have received SARS eFilling status is "Correction Filed" and my SARS status is "Return - Assessed" two weeks ago and have not received not...
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What is the threshold for presonal tax return ?
Posted 23 July 2015
Do I have to submit my tax return if my salary is R19003 Gross PM?
Common reasons for a SARS audit
Posted 23 July 2015
I want to know why are some people being audited and some not being audited?
Tax on R25,000 interest for last year?
Posted 23 July 2015
I have earned R25,500 interest for the year 2014/15. How much tax do I pay?
Second ITA34 shows I owe SARS the exact same amount they owed me on the first one
Posted 23 July 2015
I submitted my tax return and first ITA34 showed SARS owed me R7000 but was being audited. I submitted all my supporting documents and now the second ITA34 shows I owe SARS R7000. Why is this? I don't owe them anything right?
How do you know SARS is done with Verification?
Posted 22 July 2015
Hi Tim
I have submitted 3 tax returns this tax season for assessment (2010, 2011 and 2015). SARS had selected me for verification for the 2010 and 2011 assessment years and I have consequently submitted the required documents for review via SARS eFiling.
SARS has issued correspondence for the 2010 assessment year saying "We refer to the verification of your assessment for the 2010 tax period. Please note that no adjustment has been made to this assessment". They also issued an additional assessment (ITA34) for the 2011 assessment year and the initial amount due to me has not changed. ...
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What Tax is payable on Salary of R 167080 + R 44594 earned from living annuity?
Posted 22 July 2015
If I earn a salary bonus of R 167080 per year I earn R 44594 per year from a living annuity, how much tax should I have paid?
What is payment due for to TaxTim?
Posted 22 July 2015
I don't understand about the payment due.
How to declare additional income for part-time contract work and pay tax on that
Posted 22 July 2015
I am employed by the Department of Education (admin) and I get an additional amount from the School Governing Body for extra work done after hours and weekends. I pay 25% PAYE on this extra income.
However, I'm also doing debtors for a company on an online system as an independent contractor (20 hours per month) for which they do not deduct PAYE. I work at home and with no supervision. I have not registered this as any sort of business.
How much tax do I need to pay and h...
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Status field says "Correction filed"
Posted 22 July 2015
IT12 was submitted to SARS 14th July via SARS eFiling, and was immediately selected for verification or audit, so the documents were uploaded & submitted via SARS eFiling the same day. However when checking it is still reflecting status as "correction filed" and no documents for review have been received. Why is this?
How long does it take for SARS to refund me after being selected for audit?
Posted 22 July 2015
Refund question: How long does it take for SARS to refund me after being selected for audit?
How can I apply for a rebate
Posted 21 July 2015
How long do I have to apply for a rebate?
Refund after completion letter
Posted 21 July 2015
Hi. I submitted my tax return on the 2nd July and was told to submit supporting documents, which I uploaded the same day. On 14 July I received a completion letter stating:
"We refer to the verification of your assessment for the 2015 tax period. Please note that no adjustment has been made to this assessment. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required. Should you have any queries please call the SARS Contact Centre on 0800 00 SARS (7277). Remember to have your ID number or income tax number at hand when you call to enable us to assist you promptly. "...
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Filing historic return with missing IRP5
Posted 21 July 2015
My wife has submitted her tax return for 2015 and a refund is due to her. SARS is requesting that she file tax returns for 2007 and 2008 before the refund is processed. She changed employment during 2007. The company she worked for is unable to supply her with an IRP5 as it is over 5 years old. What does she do it this case?
Two different banking details
Posted 21 July 2015
When I submitted my IRP5 the consultant told me they have two banking details which is ABSA and Capitec, so my question is can they delay the payout due to two different bank account?
Is there any refund that I will get this year?
Posted 21 July 2015
Good day Mr Tax Tim is there any refund for me?
How many days before you get your money?
Posted 21 July 2015
I have submitted my tax return on the 15 July and got the email with my statement but I haven't received money yet 5 days later...
Does medical aid reduce your tax refund?
Posted 21 July 2015
Since medical aid now reduces the monthly taxable amount on your salary, does this mean it will not increase your refund amount when you submit tax returns?
I owe SARS but can only afford to pay R200 a month. Will they accept it?
Posted 21 July 2015
Good day Tim Tax. I went to SARS with my IRP5. After they checked it and calculated it they say I must pay in R1955.22, but I can only afford R200 a month. Will SARS accept it?
Should I do a revised assessment if data was omitted in my final assessment to SARS?
Posted 21 July 2015
I have omitted an earning on an investment in my original assessment. Should I do a revised assessment or just send all documents to SARS for review?
How many days does it take SARS to payout?
Posted 21 July 2015
I want to find out how many days does it take SARS to payout? Because last year it took only two days. I have been waiting since the 8th of July...
Whats taking sars so long to pay me cos the ITA34 shows they owe me?
Posted 21 July 2015
I submitted my tax return through SARS e filing on the 1st July 2015; got results on 07/08/15. On the 08/07 I got correspondence that I didn't file/submit tax return for 2011 and I was not working on that year. I submitted an affidavit on the 08/07 and until now I'm not getting the money SARS owe me back. What may be the delay?
Must I submit the log book when submiting on SARS efiling?
Posted 21 July 2015
Morning,
I need to do SARS e-filing. What I would like to ask is does the travel log book have to be attached or only on request by SARS? The log book has been done manually in a book so I will have to transfer all that information into digital form but thought I could go ahead do e-filing without attaching it, and then if they request then I could do a digital form of the logbook and send it to them. Is this right?
How long do refunds take
Posted 21 July 2015
Hi Tim, I just wanted to find out, I filled in my tax return and according the IT34, SARS owes me a refund. How long do the refunds normally take because the bottom block doesn't say I need to submit documents and today is already the 4th working day?
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