I'm haven't received my refund from SARS

  Written by Marc   Posted 12 August 2015

Hi I have sent in my tax return last month and I was told by the consaltant that I was not to bring anything because everything ws scanned but now is past 21 business days nd still haven't heared anything from SARS what do I do?

Claiming back tax on a bonus you had to pay back to a company

  Written by Marc   Posted 12 August 2015

How do I claim back tax on a retention bonus I received from my previous company. I was advised to fill it in under the section that states "Amounts Refunded i. T. O. Section 11(nA) and 11(nB)" and code 4042. What evidence will SARS need. I called their call centre but they were of no help.

Passive investment and unit trust income - do I submit a tax return?

  Written by Evan   Posted 12 August 2015

I am an independent contractor and my earnings is below R200 000 per year. Over the past two years, I have managed to save and have invested R100 000 in listed shares and R50 000 in investment funds such as unit trusts. I am not sure whether I need to submit a tax return?

Foreign Capital Gains

  Written by Marc   Posted 12 August 2015

Is the capital gains R30 000 exclusion also applicable to foreign capital gains of an SA resident?

Tax on endowments

  Written by Evan   Posted 12 August 2015

What percentage of tax do you pay on endowments upon a husband's death, and his wife is the beneficiary?

How long audit take what can I do to make it go faster?

  Written by Marc   Posted 12 August 2015

I was selected for a audit am I going to get money and how long does it take and what can I do to make it faster? thx

Taxable Benefits

  Written by Marc   Posted 12 August 2015

Our company provides a contribution towards provident fund based on 15% of basic salary. Does this form part of your taxable income. Were should it be recorded on the IRP5

I have a question regarding renouncing U.S. citizenship and filing U.S. taxes.

  Written by Marc   Posted 12 August 2015

I have a question regarding renouncing U. S. Citizenship and filing U. S. Taxes. I have used Person A and B for this example. June 4, 2014 â%u20AC%u201C Person A and B renounced their U. S. Citizenship at the U. S. Consulate General. March 12, 2015 â%u20AC%u201C Person Aâ%u20AC%u2122s Certificate of Loss of Nationality was approved by the Department of State in Washington, DC. Person Bâ%u20AC%u2122s Certificate of Loss of Nationality was (according to a document dated May 12, 2015) approved on December 23, 2014. Would either person be required to file a U. S. Tax tax return for 2015 for the months before the renunciation was complete?...

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Is there income tax payable on interest received from SARS?

  Written by Marc   Posted 12 August 2015

Is there income tax payable on interest received from SARS?
Which section in the tax act does this come from?

Refund delay from SARS for 2015?

  Written by Marc   Posted 12 August 2015

I received an assessment stating that, amount due is -R4968,33. How long does it take to process payment after submission?

Should I do a tax return if my business revenue was less than R 350,000.00 for the year?

  Written by Marc   Posted 12 August 2015

Hi guys,

I've got a sideline business (CC), and our revenue was WAY less than R 350,000. 00. Should I still process a tax return?

Have not received my money from SARS yet?

  Written by Marc   Posted 12 August 2015

I submitted my documents to SARS and I already know my amount that I will receive back from SARS via sms the lady told me that I will have my money in my bank account in 2 days but still after 2 weeks now haven't received any payment from SARS

Explain to me how does provisional tax work or who should submit and how often ?

  Written by Marc   Posted 12 August 2015

Explain to me who qualifies to submit provisional tax and how often? If you are sole trader, pty, cc, trust account.

Tax on living annuity?

  Written by Marc   Posted 12 August 2015

I currently contribute to a provident fund as well as my employer. My portion is taxable and the employer's not. When I retire I plan on investing in a living annuity, will the income from the living annuity be taxable?

Can I correct an already sumbitted tax return?

  Written by Marc   Posted 12 August 2015

I submitted my tax and was told how much of a R,,,, amount I will be getting back(great news). However straight after I submitted I realized there is a stack of receipts at home for medical bills that I did not enter. Is it too late to correct the already submitted tax return?

How long will it take to get assessed and refunded( it will definitely be more than the R,,, amount they gave me today). How long do I have to make a correction if I can?

House/car repayment - tax benefits

  Written by Evan   Posted 12 August 2015

Are there any tax benefits when you are paying off a bond, car or any property?
Does that affect the person who is paying the loan or the person receiving payment, or both? As far as disclosing this on the tax return as a deduction or otherwise.

Income whilst working outside of South Africa

  Written by Evan   Posted 12 August 2015

Can you please clarify this question for me: "Did you earn any income whilst working outside of South Africa?"
My answer is yes but this income is non-taxable in South Africa because I was not physically present in South Africa. I am only filing my income tax return do to a loss on my SA rental property.

Once off amount for Tax?

  Written by Marc   Posted 11 August 2015

If I get a lump sum of R110 000 how much tax will I pay? How do I pay the tax only next year or can I pay it when I get it?

SARS says submit my 2011/2012 tax returns but I wasnt employed nor did I have tax number

  Written by Marc   Posted 11 August 2015

I emailed SARS to enquire why my 2015/2015 tax returns have not been paid to me yet and they replied saying my 2011/2012 tax returns were not submitted so until they receive that then they will be able to pay me. However I received my 2012/2013 tax returns with no problems as well as my 2013/2014 tax returns as well. I don't really understand this because in 2011 - 2012 I only had a casual job for 2 months in which my wages were way below a tax bracket and I had no medical payments of my own nor...

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Can't read Completion Letter

  Written by Marc   Posted 11 August 2015

I was asked for supporting documents despite only having an IRP5 and claiming nothing else! (Calculation came back saying I am owed a particular amount). Submitted it and got a "completion letter" which I can't seem to open. What do I do? Just wait for a refund?

Can an individual get an income tax number from SARS if he is in the process of sequestration?

  Written by Marc   Posted 11 August 2015

Can an individual get an income tax number from SARS if he is in the process of sequestration?

Can I submit my 2014 actual personal income tax now without my provisional for 2014 being submitted

  Written by Marc   Posted 11 August 2015

I have not submitted my 2014 income tax return and provisional . How do I go about it now ?Should I submit my Both of them now or only my actual income tax return ?

Logbook requirements for SARS for claiming travel allowance?

  Written by Marc   Posted 11 August 2015

I hadn't submitted my tax forms from 2009 and 2010 (although SARS had owed me money in each of those instances) but I'm trying to resubmit now. I got paid for some of the travel that I conducted from my business (roughly R4/km) and I kep an online logbook on Excel. Is this sufficient for SARS or do I need to fill it out on an official SARS logbook?

Very simple

  Written by Marc   Posted 11 August 2015

Can you give me my tax number please I have a new job and they need it urgently

If I get a 750k - 800k per annum job offer, how much tax will I pay and how much will I net?

  Written by Marc   Posted 11 August 2015

If I get a 750k - 800k per annum job offer, how much tax will I pay and how much will I net?
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