How to submit a dispute after IT34 notice

Posted 21 November 2012

I am a medical doctor working in a state hospital. I get an IRP5 from Western Cape department of Health. I also earned R12 020 in the last year doing private locums which I have declared. I understand that I will have to pay tax on this amount and have made provisions for this. When I received my IT34, it says I owe R11000 (almost as much as I earned in total). I usually get money back on my returns (from medical aid, income protection and retirement annuity) so I don't know how they calculat...

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Capital gains tax on shares sold

Posted 21 November 2012

Hi, In the current tax year I sold shares in my 3 year old business to my other shareholder. The shareholder transferred the agreed amount via an attorney (they subtracted their fees related to this transaction) to my account. The nett amount was in the low millions and I expect the full amount to be subject to CGT.

What kind of documentation do I have to provide SARS with and what kind of documentation should I keep should I ever be audited by SARS? Which amount do I record in my return?...

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Tax claim for medical expenses

Posted 21 November 2012

Hi Tim

I had to get two hearing aids but the medical aid only paid for one. I was told that I can claim the cost for the other one from tax but if I use the e-filing calculator it seems as if I will only get R5000 back of the R15000 I paid. Is that possible or how do I claim the full amount?

ITR12 and Provisional Tax, how does it all work?

Posted 20 November 2012

Hi Tim, I am registered as a provisional tax payer as I run a sole prop but I am also registered for PAYE as I am employed by a CC I am a member of and I draw a salary. The ITR12 takes into consideration only the PAYE and UIF paid but not the provisional tax paid. Will SARS make the connection that the amount showing as owed on the ITR12 for the provisional tax has already been paid when I submitted my IRP6's? The amounts are correct (what the ITR12 says I owe and what I actually paid as provisi...

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How long would my refund take to pay out if its under Verification Audit?

Posted 20 November 2012

I submitted my tax for 2009,2010, 2011 and 2012. they are doing a Verification Audit for 2012 and I submitted my documents, how long will that take and how long will my refuind take to get paid out?

Do I need actual sale slips or would bank statements suffice?

Posted 20 November 2012

I don't keep all the sales invoices / slips for medical expenses (OTC stuff). I do however have some expenses which I know will show up on my bank statements and also the monthly stuff like birth control which I pay for. Do I need the actual slips or will make bank statements do?

Income Tax Verification

Posted 20 November 2012

Hi Tim, My accountant has phoned and stated that "SARS now needs supporting documents to verify my return submitted by my accountant." Could this mean that I mite well be up for selection for an audit? if not, how long does this verification process take before I receive my return?

How long does it take to process a manual assessment?

Posted 20 November 2012

Is it true that a manual 2007 assessment can take upto 12 months to process. I am waiting for my refund from my 2012 assessment but will not get it until they assess 2007.
I have been overseas for 5 years and the accountant failed to submit my returns resulting in penalties. I currently owe R7500 and have a credit for my 2012 assessment. Will not get this until they assess the 2007 return. Please can you confirm the time it will take to process this. Can I pay the penalty in the interim to ...

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How do I go about submitting documentation for backdated claims?

Posted 20 November 2012

Two of my stepchildren have brain irregularities, one Dandy Walker syndrome, the other Landau Kleffner Syndrome. I have never claimed for any medical or other expenses ito these two children which are dependants on my medical aid. However when the one with DW Syndrome turned 21 I had to go through the motions of proving his dependance to keep him as adult dependant on my MA. Then I was told to indicate on my tax return that I have a disabled dependant. Question is, what is the procedure to claim...

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How does the taxation of freelance pilots income when they go on contract abroad?

Posted 20 November 2012

I am working as a freelance pilot, invoicing a company per daily perdiem, or s & t as its called in Dollar,they taxed me 25 % out of the blue. I have done contracts for a long time and it has never happened before as I comply with the exemption requirements always for the time spent in the other countries, please advise?

How do I submit my tax return?

Posted 20 November 2012

I need to submit my return after completing it with your service. How do I go about doing so?

Received payment reference code from bank, entered into voucher block, not being accepted. Why?

Posted 20 November 2012

On completion of your questionnaire, I was asked for payment. It has already gone off my bank account and a reference no was given. I entered it into the block on your voucher payment page, but it is not accepted. Please advise.

I owe SARS money but never even used eFiling. Help!

Posted 19 November 2012

I started my job in august 2011 and was earning R14500 after deductions. My company pays tax and UIF, PAYE for me but recently I learned that I owe SARS R5000, why? I'm not sure what to do. I never even registered for e filing. Please help.

I submitted my IRP5 and received an SMS saying account balance: -12000. Selected for audit.

Posted 19 November 2012

I submitted my IRP5 at a SARS branch in Joburg and I received an SMS saying
Tax return assessment result: R-12000. Acc bal:R-12000. Selected for audit: Yes.
What does it mean?

How much can I deduct for expenses from money I earned in Saudi Arabia?

Posted 16 November 2012

Hi, I taught a two-week course in Saudi Arabia, and they paid me straight into my bank account. Do I have to pay taxes on the full amount, or is there some fixed amount per day I can deduct for expenses?

Is unpaid salaries included on my IRP5 not deductible as a bad debt?

Posted 14 November 2012

Salary that was due to me, however not paid by my previous employer was included as income on my IRP5. I included it as a bad debt deduction & SARS disallowed in my assessment. Please advice as to what I can do.

Must I keep a weekly logbook?

Posted 13 November 2012

My wife and I submitted a weekly logbook for the 2011/2012 tax year. My wife's one were accepted but mine declined. I can't now fill in a day to day logbook as I'm not going to thumbsuck where I've traveled during that year as this is impossible. What am I to do?

I have a Q about retirement annuity deductions against tax?

Posted 12 November 2012

How does the Chief Thief calculate my deductable amount on 'current year' RA payments (code 4006)? I entered an amount on my tax form and they calculate a LARGER amount, how is this possible?

Do I have to claim submit a tax return after termination of contract with my employer if it was cont

Posted 12 November 2012

My company contributes money to SARS each month so after my termination, am allowed to claim money back?

What do I need to do to get a tax certificate?

Posted 12 November 2012

Good Day,

I am uncertain if I am registered with SARS, on my IRP5 I have a 10 digit income tax ref number. I have been paying tax for the past 5 or 6 years but I have never submitted any thing to SARS. I urgently need a tax certificate. What do I need to do in order to get a tax clearance certificate?

How long does it take for my tax refund to be paid?

Posted 9 November 2012

How long does it take for my tax refund to be paid into my account when submitted through e filling?

Are there penalties on incorrect information?

Posted 8 November 2012

Hi, I mistakenly did not pick up my medical payments deducted from my salary as a 'tax perk' which therefore adds to my taxable amount. I now have to pay in more tax after I have already completed both provisional tax forms, only to discover this now when I must submit my ITR12 now in November. Are there penalties and interest involved, since the year end is Feb and it's now Nov already?

Banking details

Posted 8 November 2012

What are TaxTim's banking details for direct deposit?

Do I have to enter Unit Trusts on my tax form?

Posted 8 November 2012

In Feb this year (28 Feb to be exact) I contributed a lump sum of R1000 to a Retirement annuity High equity fund, does that have to be reflected on my income tax statement?

Next step after payment

Posted 8 November 2012

I am already registered and have filled in the forms and paid the money of R199 into you account. Can you tell me what is next?
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