Verification documentation

Posted 16 October 2015

I Submitted my tax return but made a mistake on my dependents, I received a letter for document verification. Immediately after that I saw the mistake and rectified it. On that notice it said 'N' by verification. Now I received a letter again to ask for supporting documentation. What should I do?

I earn under the threshold, but should I still register as a taxpayer?

Posted 16 October 2015

I am a university student and I do "casual work" (babysitting, personal assistant, etc) from time to time as well as tutoring high school subjects. I have never earned more than R3000 a month, thus I know I am below the tax paying threshold. My question is should I still register as a taxpayer or not?

Why did SARS reverse my funds as a refund?

Posted 16 October 2015

I did my tax return via SARS eFilling on Monday the 12th of October and called the call centre to ask if I was required to submit any documentation which they said no. When I called again on Thursday I was told that the amount due to me has been released and will be in my account on Friday. On the same day (Thursday) I received a msg saying that they want supporting documents. My question how possible is this as the money was going to be released to it now being reversed, and how long should I w...

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Tax implication working as a consultant

Posted 16 October 2015

If I earn a salary that's taxable plus an amount working as a consultant for a different company what is that tax implication on the extra amount earned as a consultant?

Percentage on leave and on prorata bonus

Posted 16 October 2015

How do I calculate my prorate bonus and my leave

Upload failed. File could not be uploaded. There has been an error.

Posted 16 October 2015

When I try to upload a supporting document for my tax return on SARS eFiling, I get the below error:

"Upload failed. File could not be uploaded. There has been an error. Please try again or contact us if the problem persists (135244034). "

Can you help me with this problem? I can't upload my supporting docs.

What is ita88 system

Posted 15 October 2015

What is ita88 system

It's been over 2 months, but I haven't received my refund yet.

Posted 15 October 2015

Hi! I submitted my tax return on 2015/08/06. I received my ITA34 Notice of Assessment shortly thereafter, but it's been over 2 months and I haven't received my refund yet, or any further communication from SARS. On my ITA34, there is an "N" next to "Selected for audit or verification," so I'm confused as to why this process is taking so long? Please assist.

How can I get a new SARS number because I was insolvent?

Posted 15 October 2015

On SARS status I am insolvent, I took my court letter with necessary documents to SARS and they could not assist me with a new tax number as my old one still shows active on their system. What must I do now to get a new tax number?

Do I need to declare investments outside SA?

Posted 15 October 2015

I have been living outside of South Africa for longer than 2 years. I have been investing money outside of SA. The currency is USD. Do I need to declare this investment in my tax return. The money was earned outside the country, and I have not yet tax returned to SA.

When will I obtain my tax refund?

Posted 15 October 2015

I have worked in South Africa from 1-Sep-2014 till 31-Aug-2015. In the income tax year 2014-2015, I have only worked for 6 months, and I qualify for a refund. I have e-filed my tax return in June, but yet to get my refund in my bank account. I have also verified banking details, proof of residence and proof of identification at the Centurion Tax office. I am an Indian National

Home office expenses

Posted 15 October 2015

I work from home - I have an office and photographic studio, so am trying to work out what I can claim as household expenses. We no longer owe money on our bond, so it seems like I can't claim anything there. I understand I can claim a portion of rates, water and electricity. Can I also claim a portion of the homeowners insurance and the security (armed response) costs?

Changing retirement funds and tax implications

Posted 15 October 2015

During this tax year, I was retrenched and had to move my retirement fund money from the fund where it was to a new preservation fund. The amount of money transferred shows up on my tax return, but I just want to find out if I will be taxed on this? Will SARS know that the money has been moved to a preservation fund and not paid out cash to me?
Thanks!

How long should it take when an assessment is escalated?

Posted 15 October 2015

I have submitted my tax return via SARS eFiling on the 2nd July 2015 but I am yet to receive my tax refund. Its been 3 months and additional documents submitted. My assessment was selected for the audit and they requested documents which I gave them. It was later escalated but nothing happened. It is currently escalated again and no feedback. What can a man do?

After audit is done and not calculations were changed by SARS how long before refund is done?

Posted 15 October 2015

Good morning, my dad is 81 and his docs were requested for an audit which we uploaded via eFiling. We received notification that his tax has been finalized and no adjustments to the calculations were made. This was already in the middle of September. We have not had any further correspondence and the R824. 00 rand have not yet been refunded to him. Is there something I must do? Does these refunds take a long time to be paid over?

Tax implication on PAYE & UIF for 13th cheque staff payouts

Posted 15 October 2015

What is the tax implication on 13th cheque pay outs to staff? (PAYE & UIF)

Are there issues with turnaround times and risk of SARS breaching them?

Posted 15 October 2015

My tax return was singled out for verification. I submitted all supporting documentation on the 14th September 2015. I am now sitting on 23 working days and have heard nothing from SARS. Are there issues with their turnaround times this year and also, does the 30 days imply that my refund will also be issued within this timeframe?

How do I apportion the depreciation?

Posted 15 October 2015

Good day. I have a cell phone worth 5400. I use it 80% for business and 20% personal use. Will my deduction be the full 5400 because its under 7000 or 5400*80%?

thank you in advance

Donations Tax and submission to SARS?

Posted 15 October 2015

Hi TaxTim, if I complete an IT177 Declaration of Donations Tax Form and submit it to SARS (I am the Donor). When doing my personal tax return, do I have to declare it in my IT12 and if so, where do I put it in my tax return?

IT34 balance is R0.00

Posted 15 October 2015

My IT34 reflects an amount of R0. 00, what does this mean?

Want to know hom tax will be deducted if I resign

Posted 15 October 2015

My pension is the amount of 90983045

Agent fees and tax declaration

Posted 15 October 2015

If you receive income via an agent which has not been taxed, what is the income declared? Eg: I get paid R10 000 for a job. The agent takes R2000. Do I declare R10 000 or R8000 as income earned?
Also, what proof do I have to show this if audited?

Office costs as free-lance journalist working from home

Posted 14 October 2015

If I am working from home as a free-lance journalist, can I claim office expenses like paper, ink, internet and cell phone costs and if so, where do I claim these under?

Tax calculation with salary increase

Posted 14 October 2015

Is tax calculated on a monthly or yearly salary? If your salary increases within the financial year, will the tax owing be increased only for the remaining months or will the entire years premiums be adjusted?

Two medical aids

Posted 14 October 2015

For the first four months of the tax year I belonged to a full medical aid deducted from my salary as part of cost to company. After that I was retrenched and joined a medical aid fund on my own. It is a hospital plan and not a full medical aid - does this still get filled in as a medical aid on the tax form (even though it is just a hospital plan)? If so, would I add the two amounts together to fill in as my medical aid deduction on the tax return or or they separate? - I know the work one has ...

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