Audited, how long does it take to be paid out?

Posted 2 November 2015

I have been audited and as this is the first time that it has happened to me, I have send through all documents that they requested. I was travelling away for work and could only electronically updated my papers for them on the 06/10/2015 after they send me a letter that I am being audited on 09/109/2015. According to my knowledge you have 21 Working days to send all paper work threw as from day of notice. Till now I have not received any information on when the money will be paid out. No other ...

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How to obtain additional information regarding the the reassessment of your ITA34

Posted 2 November 2015

After I have submitted my tax return, I received a letter to submit all my documentation. I've done this and now have received a revised ITA34, where the Interest income is double than what I have received and recorded on my tax return. How do I contact SARS to provide me with further information regarding the assessment, and what steps do I take now if their assessment regarding interest income is incorrect?

Medical scheme contributions paid by my deceased husband's employer

Posted 1 November 2015

My deceased husband's employer still pays my full medical fund contribution. They do not issue an IRP5. My Medical Fund declares my contribution as R34460. My income (as pensioner from a different company) does not declare this medical contributions. How or where do I declare this contribution (income?) from my late husband's company?

Medical aid - paid by employer and self

Posted 1 November 2015

My employer paid my medical aid until August 2014 and I paid thereafter. How do I declare this on my tax return?

Foreign shares tax liability

Posted 31 October 2015

I have shares in a foreign stock exchange. I've had the shares for more than 5 years. If I sell these shares what is my tax liability? The shares are worth R400000.

Tax on Foreign income - away for 30 months?

Posted 31 October 2015

Im going to work in UAE, Abu Dhabi for 30 months. Do I need to pay tax on or even declare my foreign income with SARS?

Must wife's bank account interest be added to husband's interest?

Posted 31 October 2015

I am not employed. I have a savings account in which we save. Do we add the interest earned from this account to my husband's interest from his bank accounts? We are married in community of property.

Unfiled taxes

Posted 30 October 2015

I have not filed a tax return for three years even thou I have been employed and did previous tax returns however I do earn below the 350 000 threshold. What do I do to be compliant and what kind of penalties would I expect?

Tax calculation on a lumpsum?

Posted 30 October 2015

GEPF LUMP SUM TAX ON R 2396808 52 YEARS Retire on 31/03/2016

Tax on retirement lump sum withdrawal

Posted 30 October 2015

I received a retirement lump sum benefit (withdrawal) in 2015 tax year of R 630 000. I have been taxed R 193 902. 08 which I do not think is correct. Please can you advise what tax should be paid?

No access to forgot passwords

Posted 29 October 2015

I registered to TaxTim, but I am struggling to get logged in. I don't know what to do. Can you help me?

When must Capital Gains Tax be declared?

Posted 29 October 2015

If Capital Gain tax I have incurred is less than the R30,000 allowance, do I still have to declare it in my Tax tax return?

Not sure what a tax number begins with?

Posted 29 October 2015

How does a TaX number look like

Does a trust have to submit income tax returns when it is dormant?

Posted 29 October 2015

Does a trust have to submit income tax returns when it is dormant?

When does a trust need to register for income tax?

Posted 29 October 2015

When does a trust need to register for income tax?

Spreadhseet for allowable deductions for letting

Posted 29 October 2015

Do you have a spreadsheet for private rental/subletting deductions?
Also have some fixed income. Been privately submitting to SARS for 10 years now.

How to register tax clearance certificate?

Posted 28 October 2015

How can I do companies tax clearance certificate?

Do I need to declare support money from parents on my tax return?

Posted 28 October 2015

Do I have to declare the support money that I received from my parents before I registered for tax and started working?

Do I declare capital investment into rental property in my ITR12?

Posted 28 October 2015

Hi TaxTim. When using capital to build or purchase a rental house, is this considered an investment of which the outlay of capital does not have to be declared in the tax year in which it was acquired? (I do not refer to the rental income or taxable portion of the rental income. ) Only in the event of selling the investment property would one then do the sums of proceeds of investment minus the base cost?

What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?

Posted 28 October 2015

I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity?

How long does a payment dispute assessment take?

Posted 28 October 2015

I'm a seasonal worker I've submitted my tax returns in August, was suppose to receive my first payment on the 1st of October but it was reversed because my tax cert indicates I've worked for 4 months in 2015 tax year, SARS requested that I submit an affidavit and I did all of that but since then haven't received any correspondence from SARS.

How long is it going take for them to reverse back my money to me? Or should I be worried there's more issues coming?

Interest on bond payments

Posted 28 October 2015

Can I claim interest paid on a bond as an expense for an investment property where I receive rent. Will that differ for the interest paid on a bond for an empty stand (also investment) where no rent is received yet?

If I get car allowance as part of my total guaranteed package. Can I still claim travel?

Posted 28 October 2015

My job requires a lot of travelling, I do have a car allowance that is part of my total guaranteed package. I do get reimbursed for the km's traveled and toll fees. Do I still have to complete km as per log book to SARS. Do I further qualify for a tax return in this regard?

Donations tax to my family?

Posted 28 October 2015

My daughter supports me financially. Must she pay donations, or any other, tax?

Tax when earning R6000

Posted 28 October 2015

How much in Rands tax do I pay for earning R6000
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