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Salary / IRP5 Posts in Tax Q&A

I need my tax number now?

  Written by Marc  

How can I get my tax number now over the phone?

Foreign subsistence allowance code

  Written by Marc  

What is the difference between tax codes 3714 and 3716 for allowances. Is it true that code 3714 has now replaced code 3716 since 2010, for foreign subsistence allowance?

What is the tax on my December bonus?

  Written by Marc  

What would the tax implication be on a bonus in December? My salary is R4950 pm.

What is my tax reference number?

  Written by Marc  

I seem to have lost my tax reference number and I'm having problems locating it. Please can you help.

Do you need a tax directive for each IRP5 for which it is applicable?

  Written by Marc  

Do I need a separate tax directive for each employer where I receive remuneration and my commission is more than 50% of my salary?

Is the Protea Cricket players taxed on their match fees while outside the Republic?

  Written by Marc  

There is an argument that those members of the 2013 cricket team who played in all the test matches and all the one day internationals will notbe taxed on their match fees or any other earnings from the tours (including 'Man of the Match' awards and a portion of their salary from the cricket board) whist they were outside the Republic. But what of the earnings of those members of the team who wereonly selected for a few test matches and one day internationals (perhaps in only onecountry) but sta...



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"Refund Review" by SARS?

  Written by Marc  

Tim, With reference to the blog posted by yourself : What?%u20AC%u2122s the delay with getting my SARS Refund? I would like to know what could typically flag this type of audit? The documents I submitted was nothing out of the ordinary and it has now been 2 months since I filed my return - the audit were concluded on the 8th of August 2014. If this is an automated tool why is the turnaround time 30-60 days?

I want to declare my 4006, on TaxTim - RAF.

  Written by Marc  

I currently have an active retirement annuity fund policy also have the income tax certificate from Sanlam, where do I declare on TaxTim, that I own a RAF, SARS CODE: 4006.

What code do I look for on my IRP5 to find out if my employer contributes to my pension fund?

  Written by Marc  

What code do I look for on my IRP5 to find out if my employer contributes to my pension fund?

Do I submit the IRP5 for 2013 or 2014 for a pension lump sum received in May 2013?

  Written by Marc  

What is the financial year for a pension pay-out received in May 2013?

What are the tax implications for international network marketing reps?

  Written by Marc  

Would Network Marketing Income (Commission) be treated as small business income? Does expenditure on MLM product (travel, merchandice etc.) & branded clothes be allowed as expenses?Would international income be taxed when paid into an international account or only when transferred to a South-African account?

Submit tax return without IRP5

  Written by Marc  

My ex-employer hasn't given me an IRP5 yet and it doesn't look like I will get one. I do have one IRP5 for 9 months of the tax season from a different employer. Can I submit my tax return without the outstanding IRP5? I was told to get an affidavit from the police station stating that I was not given an IRP5 for the 3 months from my ex-employer.

STILL waiting for registration verfication

  Written by Marc  

I'm still waiting for SARS to verify my registration. It's been a week and it still has not been verified. And once I close the notification for my ITR12 it says awaiting document upload?

First IRP5 2015 setup on TaxTim

  Written by Marc  

I am a new provisional tax payer. I understand that I need to submit my first IRP6 by end August 2014, to cover the period March until August 2014. When I choose the tax year as 2015 in the set-up of my taxtim profile, it says I should be submitting for 2014. How do I move forward?

Interest before death of spouse and thereafter on the tax return?

  Written by Marc  

I have to complete a ITR12 for a deceased lady, who only received interest income together with the husband.
They are married in community of propery.
How is the before and after death interest shown on both returns

Medical credits incorrect on IRP5?

  Written by Marc  

Can you please assist me. I have noticed that my medical tax credits on my IRP5 is incorrect. What would the reason be for the different amount on my IRP5? Can I change it to the correct amount according to the number of dependents including me on my medical aid certificate? I am sure if I change it SARS will them audit me, which will be fine as I can provide the medical aid certificate stating the number of dependents.

Correcting your surname on SARS registered details?

  Written by Marc  

My ITR12 has been filed. My surname is spelt incorrectly. Two letters are swapped around. How can I go about correcting this?

How long does it take to get a refund after I receive an assessment statement after an audit?

  Written by Marc  

I filed my return for 2014 and was due for a refund,then my statement showed an outstanding return for 2007,which I had initially filed in 2008 but it appeared there was a technical error. I then called SARS and e-mailed the error message to them and they fixed the problem and issued a revised return which I then filed on the 13th of August 2014(using the self help option with a consultant from SARS. The 2007 statement also showed that I was due for a refund but I was selected for an audit for t...



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IRP5 treatment of retirement lump sum benefits

  Written by Marc  

I resigned from my employer in the 2014 y.o.a and took the full withdrawal from my provident fund with the company. The IRP5 received from the company does not include the retirement lump sum benefit received. Would it be correct to include the lump sum payment under code 3901 and claim a deduction as per the directive under code 4115?

How to calculate SITE AND PAYE ?

  Written by Marc  

I was earning R145 000 ,00 as an individual, what will be my site, for the financial year ended February 2014? My provident fund contribution was R4860,00 per annum.

How to calculate tax payable on CGT for tax year 2015?

  Written by Marc  

How does one calculate tax payable on CGT for tax year 2015?

I earn very little.

  Written by Marc  

I work in a dvd/ internet cafe, I only work 12 days a month and my salary is R1500. Is my salary supposed to be so low. My rent is R800.

May I claim for paying my wife's medical aid?

  Written by Marc  

I pay my wife's medical aid each month. I transfer the funds to her savings account and the medical aid deducts the premium from her account via debit order. May I claim for these payments on my tax return?

Original Amount still owed to SARS after re- submission with medical costs paid

  Written by Marc  

I want some clarification as I am confused after having spoken to SARS today. I queried the amount they say I owe for my 2013 Tax return. Which I submitted in 2013 and then requested a correction now in July as I had not put in medical aid expenses I paid on my own and the number of members for my medical aid was stated as 1 instead of 2. When I submitted the frst one in 2013 I owed them about R3100- nw after the correction and it been audited they owed me R2700....what surprises me is that th...



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ITA34 dispute?

  Written by Marc  

When is the ITA34 disputed and why is do u dispute it?
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