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Audit / Verification Posts in Tax Q&A

Do I sumbit a tax return?



How do I know whether I need to submit a tax return? I am registered but have never submitted a return. I find the sars website a little confusing as they state: 'You are liable to pay income tax if you earn more than R63 556 in the 2013 year of assessment, and are younger than 65 years of age. ' BUT also state: 'What is the threshold for the non-submission of ITR12 returns for individuals for the 2013 year of assessment?Although a taxpayer still has to register for income tax he/...

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Are insurance premiums a tax deductions from a business?



As a sole proprietor, can I deduct insurance premiums on electronic equipment as an expense? (3x computers I use to carry on my trade as an animator)

Medical Deductions - Source Codes 4040 and 4020



I have incurred medical expenditure for the tax year ?%u20AC%u201C I have bills that I paid out of my own pocket, which my Medical Aid did not cover adding up to R7122 and I have an Income Tax Certificate from my Medical Aid with the amount of R6686. Also there are amounts on my IRP5/IT3(a) Employee Tax Certificate next to the codes 4005 and 4474.
Questions:
1. Should my bills add up to the same amount that appears on my Medical Aid Certificate?
2. Do I leave code 4040 blank and ...

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Must IRP5 be part of supporting docs?



I do not have a copy of my IRP5, it was however submitted to SARS as it reflects on eF.Sars asked for supporting documentation, can I just submit the med certificate and logbook or must I get a copy of the IRP5 as well?

Am I a provisional tax payer?



If I earn less than R20 000 a year selling AmC pots plus earn a normal salary do I have to register as a provisional tax payer?

How to verify tax number but I'm away from South Africa?



Im living abroad for a few months and before I can get paid (I'm a freelance photographer ) I need to have my tax number verified, but I'm in Germany and will be here for a few months perhaps even longer.
otherwise they will deduct 30 percent.

Submitting necessary documents at SARS manually.



Do I really have to go to SARS in person and submit my ID, bank statements etc. if all I have done is removed my tax practitioner's access and changed my bank details and address on my existing profile? Can these documents not be submitted online?I cant seem to access my IRT12 to fill in the generated information without doing this??

Can I not use proof of address from shops like Jet?



I submitted my tax returns manually and they sent me an sms that said,there was R323 that was due to me. I gave my banking details, they sent me a letter that I must verify my banking details .I went to SARS with my bank statement and a proof of residence of my Jet account, but they said they would not use that one. Now my problem is that i'm a tenant and my Landlord does not have a current proof of residence, he only has the one from May 2013. Will they accept that one?

Do people get such a big refund from SARS?



Is it possible that year I can get a refund of almost R35 000? I have put in all my incomes and expenses...but am a bit worried. I do have a directive and am claiming for certain expenses as a sole commission earner. Last year was a refund of only a few thousand rands, same as previous year and year before that I had to pay in R55 000 or so as I was new to the whole directive thing and I chose the wrong %. So since then I made sure boss takes off lots of tax.

How do I delete an erroneous return from my statement of account with SARS?



This is a great site, thank for all the effort you put in to helping others. My question is as follows:

I completed my 2013 return. I was then selected for random audit, and submitted the required documents. However my 2009 documents were submitted for my 2013 return (long story!). This resulted in me owing SARS R3,500. I requested a correction, which was done, and my corrected 2013 return reflects that SARS owes me a refund of R1,600. However, the erroneous R3,500 refund figure is still reflected on my statement of account. So SARS is requesting that I pay the remaining balance of R3,500-R1,600. ...

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Is registering a second bond in order to reduce rental income tax legal?



I own two properties. Property A is my primary residence, and is bonded for R700k. Property B is a rental property, is valued at R1m and is bonded for R500k. I make a rental profit from Property B after deducting the loan interest and all other deductible expenses, and thus pay tax on that net income. My idea is to register a second bond on Property B for an additional R500k, and transfer that money into the bond of Property A. The increased interest paid on the combined bonds of Property B woul...

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how to get IT34 From SASSA?



I have been asked to send IT34 by my medical scheme in order to processed a document, so how can I get hold of that ITA34?

Fines Payable on Audit discrepancies?



I am getting audited - if they pick up a discrepancy is there a fine I will have to pay? I am not a tax expert and is worried that I made a mistake.

being selected for an audit with no supported documents



Last year a friend of mine registered me on eFiling so this year I went through a tax practitioner to claim for the first time. The lady claimed for medical and I don't have a medical aid. Then SARS phoned me and said they needed my medical certificate to be submitted within 21 day otherwise they are going to give me a penalty but I don't have medical aid and now they are thinking I was being dishonest and selected me for an audit. I am so scared now as its the first time I am claiming. What mus...

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Where can I find a tax certificate from SARS?



Where can I get a copy of my tax certificate that shows that I am register for tax as my work need it and don't just want the tax number?

Physical Presence test questions?



I have had a complex tax year!

Firstly I am a RSA resident.
From 1/3/2013 - 18/5/2013: 79 DAYS I worked in USA, and was paid by the USA firm.
From 13/08/2013 - today: 72 DAYS I have worked in Zambia on contract, paid out of SA.

My questions are:
1. If I go passed the 183 days, will my tax be refunded?
2. What am tax am I liable for if I had to go passed the 183 days?
3. If I go on holiday for the remaining 40 days outside SA does that count, or do...

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SARS refund - how long?



I would like to know how long does it take for SARS to pay my money in my account as a refund?

How do I use the TaxTim calculator?



How does the TaxTim tax calculator work?

How long does it take to get a response from SARS regarding my refund?



After I have completed my tax returns how long is it going to take for me to know if I qualify for a refund or not?

I am waiting for a response from SARS about my Audit?



I was audited on the 3rd of October SARS said they would call me within 2 weeks now after that. 2 weeks I got reference and case number - now what?

Missing "Income Replacement Benefit" certificate - what do I do?



My employer completes my ITR12 and as I don't have any other claims or income, it is usually fine to be submitted as is. However, SARS says I owe them money. As I understand from our finance department, my employer never attached the "Tax certificate on income replacement benefits" that states that the employees does have access to a disability income benefit. They said that this is the reason I owe SARS money and once I submit the certificate I will owe SARS nothing. How do I explain to SARS m...

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Does SARS, pay all the previous years and do they have my previous IRP5's?



If I do tax returns, will SARS still refund me for the past years that I`ve been paying tax if I am eligible.

Secondly does SARS, has my previous IRP5 from my previous employer?

Overtime tax - how does it work?



Hi! My husband gets paid fortnightly, the last 2 weeks he's worked 58hrs overtime(1.5) and 7hrs doubletime. His normal rate is @R62p/h. We've heard some rumours about 'supertax' where they deduct more than normally. If that's true will you please provide me with a method to work this out. Thanks.

Can I deduct the interest I pay my mother from my rental income as part of Interest/Finance Charges?



On two occasions, my mother has been kind enough to grant me funds from her positive flexi loan balance that I used as a deposit when applying for finance for investment properties. On a monthly basis I pay my mother interest on the funds she granted me. Can I deduct the interest I pay my mother from my rental income as part of Interest/Finance Charges?

How do I know if I am due a tax refund?



Is there anyway of determining whether I am due a tax refund before filing my ITR12 with SARS?
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