Can you get more tax then you paid for?

Posted 12 July 2013

Can you get more tax than you paid for in the financial year

How long does it usually take to get paid out from SARS after I've sent my supporting documents?

Posted 12 July 2013

I submitted my tax return and they notified me that I need to send supporting documents through. I did the next day. How long after i've submitted the documents does it usually take, assuming that there isn't an error with the documents? Best and worst case scenarios

Unemployed for part of the year?

Posted 11 July 2013

For an employee who only worked for 50% of the year but was unemployed the other 50%, would the tax liability be prorated for this individual? Is his rebate still calculated on the full year or is it pro rated?

Can I enter provident fund contributions under code 4001?

Posted 11 July 2013

I was using your tax refund calculator I see that one can enter pension contributions (4001) but not provident fund contributions (4003). Why is this? I currently contribute towards a provident fund, what does this translate to tax wise?

I submitted my eFiling tax returns on Friday 5.07.2013, now what?

Posted 11 July 2013

I received ITA34 notice with my tax number only until today 11.07.2013 nothing I received now I don't know whether I am owing or I will get refund, what must I do to make a follow up, please help?

I only started working this year, do I receive a tax refund?

Posted 11 July 2013

I started working on the 2nd of January and therefore my tax was below the threshold to submit my tax. I have heard that I can get all my tax for the first two months and was wondering if that was true?

I submitted my income tax return on 2013-07-10 & monies due to me is R2000-00.

Posted 11 July 2013

Is it possible that SARS can refund within 24hrs?

Why do I owe SARS money?

Posted 11 July 2013

Good day, I have a very straight forward tax return: I have an income, I receive a monthly reimbursement towards medical expenses (my husbands company pays for my medical aid) This is added to my monthly income and taxed. I pay PAYE and UIF and my RA is deducted from my salary. I have never owed SARS money until this year. I cannot understand why I would owe SARS money now? It's a very small amount that SARS say I owe them, however I am sure there is a problem and would like to get to the bottom...

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How will I know if SARS audit is complete?

Posted 11 July 2013

I have submitted tax returns for 2011, 2012 and 2013 to get it all up to date. 2013 was not audited and they owed me R3600. 2011 and 2012 I was also owed money, but had to submit supporting documents as they had doubled the medical aid amount for sum reason. The Status says the documents have been received but take up to 5 days to be assessed. Today I received a Refund of R600 and they took R3 000 as an Admin Penalty Fee. A bit extreme as I had received a letter saying the penalty fee would only...

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what does AVS Bank with AVS verification pass mean?

Posted 11 July 2013

On my SARS eFiling the SARS status says AVS Bank with AVS verification pass. But what does this mean?

What to hand in?

Posted 11 July 2013

What else should I hand in to accompany my IRP5?

I have started working in July 2011 and tax is deducted in my salary. Will I get my tax money back?

Posted 10 July 2013

As I was not supplied with the IRP5 and just got it this month. Will I get all my money back as this is the third year without claiming the money?

Why do I need TaxTim if I have eFiling?

Posted 10 July 2013

Why do I need TaxTim if I have eFiling?


THANK YOU

Can I claim for the depreciation of my vehicle for which I get an allowance or is that included?

Posted 10 July 2013

I get an allowance of R48 000 p.a and I incured costs of R75 000 inlcusive of the lease payment for the vehicle in my name. I also incured personal expenses of R765 not recovered from the medical aid. The SARS calculator retuned R9885. I dont think thats right.

Provident fund payout in 2013 assessment year

Posted 10 July 2013

Hi Tim, I received an IRP5 for provident fund for Year of assessment 2013. I included the amount of R416 363 (source code 3920) in my "income received" column, on the IRP5 they included this amount in the "Gross Non-retirement Funding Income" (source code 3698) column. However when I include it in this column on my return I get a message that the calculations does not add up.

I eventually included in the "Gross Retirement Funding income" (source code 3697) column (which is not correct) and they calculated it. BUT NOW my inital calculation was tax refund of R 4800 but after the second calculation I'm down to R0!! ...

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Timing of Bonus Payments, taxable or not?

Posted 10 July 2013

I received a bonus for the calendar year 2011. The bonus was paid in March 2012 (after tax year 2012 ended) as the company needed to finalise year end etc. I left the company. The company "backdated" this bonus to tax year 2012. I however I feel that since the payment was made in tax year 2013 that an IRP5 should be issued for 2013.

What does SARS mean by a Verification of Assessment letter?

Posted 9 July 2013

Does this mean that everything is sorted and done?

What about monthly expenses incurred like loan repayments and clothing ,school fees.car payments?

Posted 9 July 2013

do we claim for tax purposes?

Can a wife claim on her late husband's tax?

Posted 9 July 2013

When a spouse dies (it was after the tax year), is the spouse entitled to claim this? If so, would it need to go through the estate or would it go directly to the spouse? This with being married "in community of property"

How do I know if SARS has completed assessing my return?

Posted 9 July 2013

HI there

I have submitted my return and my eFiling status says assessment received. I have received my ITA34 and have drawn up my Statement of accounts on my profile. I have not been selected for an audit and the amount specified is in a negative balance which I know means that money is due to be paid for me.

Does SARS send extra confirmation that they will be paying this out and how long does it take to receive my tax return?

Hope you can help me as This is the...

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Are student loan repayments tax deductible?

Posted 9 July 2013

I am employed full time, and was wondering if student loan repayments are tax deductible?

section 18 medical deduction?

Posted 8 July 2013

I just want to know how do I calculate family limit for 2013 year of assessment. How much per month for taxpayer and first dependent and the other dependent?

If my provisional tax return is a zero, must I still complete the IRP6?

Posted 8 July 2013

As a member of a CC I paye fixed monthly PAYE and all payments are always 100% up to date. I submitted my 2013 tax return and IT34 tax assessment is -R1 (SARS owes me). On the same assessment is also a penalty of R 2,288 for not submitting provisional tax. Surely this cannot be right. Must I object Hasn't SARS issued a statement confirming that you're only obliged to submit a provisional tax return if you are indeed liable for provisional tax?

Tax Returns and Refunds?

Posted 8 July 2013

How do I know if I will receive any returns this year when I submit my tax return?

Hi Tim, I was so stressed and looking for answers and thankfully I came across your site! Thank you

Posted 8 July 2013

I have submitted my tax return 2013 and also 2010. I have been selected for audit by SARS and they now supporting documents. The thing is, when I request my IRP5 for 2010 from our bookkeeper, she sends me my 2011 return and I have filed my 2010 return (on the eFiling) with my 2011 return details it seems. How can I correct this? Am I in trouble with SARS? Please advise.
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