Can I re-do my return on SARS efiling?
Posted 29 August 2013
Hi Tim,I submitted my tax return today through efiling, but after going through your blog I realised I did some things incorrectly, as I was out of the country for more than 6 months working on a company project. Is there any way that we can redo the return to include this?
Does -10c balance mean I'm not owed? I know I have been paying tax.
Posted 29 August 2013
Hi Tim! I submitted my tax return for 2012 and 2013 last week Friday. I wanted to claim in case I was owed. Afterwards I got an email and an SMS saying -10cents due. What does it mean?
I am paying for my daughter's medical aid. Can I claim from SARS?
Posted 28 August 2013
My daughter is a full time student with her own medical aid. But I am the one paying for it.Can I claim from SARS?
Oops - I under estimated first provisional tax payment what now?
Posted 28 August 2013
Hi Tim
I just filed and paid my IRP6 for the first payment just to realize that I might have under-estimated. Do I need to ask for a correction or can I rectify it with my second payment? Will there be any penalties?
Please let me know
Could SARS refund my tax to a UK bank account or does it have to be to a SA account?
Posted 28 August 2013
Hi Tim,
I worked in South Africa last year as UK citizen and have put in a tax return. It's calculated quite a bit back but now I have a message that reads 'AVS Bank with AVS verification pass'. I am back in the UK and SARS have said I can make someone power of attorney on my behalf, which I have duly done. They have agreed to take my paperwork to the SARS office with certified copy of my passport and my last ABSA bank statement.
My question is, to make life easier could SARS refund my tax to a UK bank account or does it have to be to my South Africa ABSA account?...
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Refund sent to expired bank account
Posted 28 August 2013
Hi Tim
I would like to know what I should do when I was due for a refund and my bank account was already expired. Now they sent the money back to SARS. So I would like to know what must I do next to get my refund?
Thank you for the cool blog...
Can I have three travel codes on one IRP-5? 3701+3702+3703?
Posted 28 August 2013
Some consultants at SARS says I am allowed to have three travel codes on my IRP5, namely 3701, 3702 & 3703. Other SARS officials says it's not permitted! Who is correct and why?
Total rebate for persons 75 years and older
Posted 28 August 2013
What is the total rebate for persons who are 75 years or older ?
R501 balance due to you. What does this mean?
Posted 28 August 2013
If SARS says "amount balance R501 due to you", what does this mean?
Travel Claim against car not in my name
Posted 27 August 2013
Hi Tim
I get a travel allowance but the vehicle is not in my name, SARS have done an audit and now I need to submit the Purchase / lease contract in respect of motor vehicle(s) against which I claimed. Is this a problem, will I be penalised?
How much does TaxTim cost if paying up front?
Posted 26 August 2013
I don't understand your pricing. How much do I pay if paying up front? I am a returning user
When must I start paying tax with (Pty) Ltd and should my company be audited, if so when?
Posted 25 August 2013
Hi Tim,I've registered a (Pty) Ltd at CIPIC to act as a holding company to launch all my ideas through and operate from its bank account.I am confused however as to at what point I would have to pay tax with this business, i.e after how much income should I pay tax, at what amount?Also if and when my company would need to be audited, since it is a (Pty) Ltd but still pretty small?Thank you
I am unable to pay with my cheque account: "Bank not supported"
Posted 23 August 2013
Why can't my cheque account pay for Tax Tim?
Do I owe SARS?
Posted 23 August 2013
I did my efiling on Tuesday and I have received an SMS saying
"thank you for submitting your irp5. account balance is R8886 due by you."
Do I owe SARS or does SARS owe me? Pls help!
First time to SARS
Posted 23 August 2013
It is my first time going to SARS and I didn't know if I should have taken my rip5 of the last 2 years and my medical aid documents. I only took the ones for this year so is it possible for me to go back with the previous ones cause I already submitted?
Provisional tax Period 1 query
Posted 22 August 2013
Hi. I am a provisional tax payer for the first time due to earning rental income greater than the threshold. I received (& was taxed on) a bonus from my employer in June this year. How do I treat the bonus payment on the provisional tax return (period 1)?
If I include it as part of taxable income, my tax payable is inflated as bonuses are taxed differently from normal income. Please advise.
Efiling status says "correction filed"
Posted 22 August 2013
Hi Tim,
I submitted my tax return. I submitted supporting documents. The status on efiling is - "Correction Filed".
Please can you advise what this means? How will I know when payment will be made to my account - what should the status be?
How to calculate Tax Refund if over 65 with a disabled dependent
Posted 22 August 2013
I am completing my father's Tax Return for him. He is over 65 and has a dependent, my brother, who is mentally disabled. I have indicated this as such on the return and can see from the calculation that the full medical amount listed is shown as a deduction from the taxable amount. What is confusing me is the only amount being reflected as a refund is the PAYE he paid on some shares that he cashed in and there is no additional refund for any of the mental disabilities. Am I understanding the med...
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Allowable vehicle expense deductions
Posted 21 August 2013
What vehicle related expenses can I claim as deductions? I am a property manager and rental agent and use my vehicle mainly for work purposes. I know that any expense incurred in the production of income can be deducted, so can the cost of my vehicle (repayments) be deducted?
What does a reduced assessment mean on your SARS?
Posted 21 August 2013
What does a reduced assessment mean on your SARS?
I wanted to know if my divorce settlement is taxed?
Posted 20 August 2013
Hi, I got divorced last year and I got 50% of his money since we were married in community of property. When I went to claim it I was told I had to pay tax on it, but I never got any paper document of the amount to be taxed, I only got the IT150 paper.
Are you able to calculate how much I might be getting / owing ?
Posted 20 August 2013
Hi Tim
Are you able to calculate how much I might be getting / owing from SARS?
Thanks
Difference between document verification and SARS audit
Posted 20 August 2013
Hi Tim, what is the difference between a document verification and an audit from SARS?
How to declare foreign salary on ITR12 form
Posted 19 August 2013
Hello Tim,
I earned a SA salary and lived in SA until September last year, afterwards I went back abroad/overseas to my home country and worked there. I already submitted my SARS ITR12 form and I did not mention my foreign earned salary income because it is already taxed abroad and I also could not find the section to add this amount on the ITR12 form. Now my ITR12 form is under verification and I have to submit all relevant forms. Does SARS need my foreign payment slips and do they need my foreign bank statement with the interests? I declared a few rands which I earned on my foreign bank account which is below the threshold...
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Need to know why I must pay in a lot of money
Posted 19 August 2013
Hi I submitted my tax return for 2012 and was told that I must pay R3400.00 subject to a audit. My docs were forwarded to the auditors. What does that mean please?
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