What qualifies as a PBO donation?
Posted 30 July 2014
Hi Tim,I have file my tax return for the 2011 and claim for donation on the code 4011 for the amount of R13500.00 to church of my choice for the faith of goodwill. All payments have been made in cash payments for that tax year of 2011. To my question is SARS selected me for auditing and I have provided them all documents like my medical aid certificates, RA Old Mutual ITC and my IRP5 certificate for 2011. Do I still need to provide the proof for that donation of the above amount and do I need to...
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How much income tax am I liable to pay?
Posted 29 July 2014
I earn a monthly commission, my "employer" requests me to invoice them for the commission and I then get paid the full commission earned. From the Commission I earn I have to pay 2 labourers to help deliver the stock I sell as well as supply the vehicles and fuel. I also supply all office equipment, telephone and stationary, these expenses are all calculated into my "commission". How do I go about paying tax as the total commission earned is not what I actually earn? I know the "employer" does n...
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How Long Does It Take For SARS To Refund After Submitting Supporting Documents
Posted 29 July 2014
Submitted manually on the 21 July, they requested supporting documents which I submitted on the 22 July, received a message from SARS that amount to be refunded is -R4529.17, which I haven't received to date. How long does it take for the refund to be paid out after submitting all documents needed?
What documents do I need?
Posted 29 July 2014
What documents do I need copies of to do my tax?
My previous employer is ignoring my requests for my IRP5's, what can I do?
Posted 29 July 2014
My previous employer is ignoring my requests for my IRP5's,What can I do?
Supplementary Part-time income deductions
Posted 29 July 2014
I work full time as an employee. Part time I do multi-level network marketing. What should I track for tax deductions and how does it fit in with my full time employment. Electronic equipment? Office? Car ? Gifts, product expenses. What is allowed and not allowed.
Will you be fined if you've never paid tax but start paying.
Posted 28 July 2014
If somebody has a small business and has not previously paid tax, if they now register for tax will they be fined or charged previous years?
tax tables for PAYE for 2006
Posted 28 July 2014
SARS has required that I complete PAYE recons and IRP5's on e filing for 2006 tax year. Where can I get tax tables for PAYE for 2006 tax year which show PAYE and site split
Unemployed and being audited
Posted 27 July 2014
Hi thereI'm currently unemployed and have been since dec 2012. Ive done my 2014 tax return and of course all amounts are zero, but now they are requesting supporting docs, auditing me. What documents are they looking for as I don't have an income/IRP5 ETC…..
Tax refund from SARS?
Posted 26 July 2014
If I buy a property worth R400 000 cash, can I claim tax refund when I submit my IRP5 and how much will I get back as a refund?
If I was been taxed from April 2011 can I get that money back
Posted 26 July 2014
if I was been taxed from April 2011 To april 2013 can I get that money back. Because addressed this point to our manger and asked why is a stipand getting taxed its not a salary So from this year our payslips are just showing the amount we getting as caregivers
tax number please?
Posted 25 July 2014
I would like to know how can I get my tax number on line. I'm need of it I forgot my tax number I'm so desperate can you help me?
Refund/no refund or less refund for previous years returns.
Posted 25 July 2014
Hi TimThank you very much for the awesome job you are doing.I would like to know;what happens when someone hasn't submitted to SARS for about 5-7yrs? *Incorrect submission or not submitting at all*.Does the person get the refunds of other years when he/she eventually submits or get penalties that leads to no refund at all or less refund? Regards,LMM
How soon can I get my refund after audit completion?
Posted 25 July 2014
I received a verification letter from SARS and I called the call centre. They said my audit has been completed and I was told that my refund will take 21 working days and it might be selected for another audit. How true is this statement? Please assist Tim, 21 more days is a long way to go.
How to update details from India?
Posted 25 July 2014
Hi
I already paid tax in this assessment(2013-2014) through my employer but I just want to fill my returns. Porblem is that last to last month I went back to India and I did not give my bank details to SARS so can you please advise me how to resolve all those things from India?
can I get sars money
Posted 25 July 2014
I received UIF so can I claim SARS money also?
Selected for Verification Twice
Posted 25 July 2014
I submitted my return on the 05/07/2014. I was selected for verification, and I uploaded my IRP5 and medical certificate on eFiling. I also went into the branch to validate my banking details and proof of address. I received a letter of completion on the 22/07/2014, and then a letter for change of banking details on the 23/04/2014. I phoned the contact centre and told them that I had already been into a branch to validate my banking details, and they told me to update my banking details on eFiling, which I did. ...
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CGT Calculation for non resident?
Posted 25 July 2014
CGT
I inherited shares in a 3 private companies at a total value of R650,000.00 in 2003.
I intend selling all the shares at a total price of R2,500,000.00.
I would thus make a capital profit of R1,850,000.00
I am a non resident of South Africa and a citizen of and tax resident of Australia.
I pay taxes in South Africa on dividend and interest at a tax rate of 18%.
What would my CGT liability be.
Can I claim back petrol, whist been paid a monthly travel allowance?
Posted 24 July 2014
I receive a Travel allowance of R2000.00pm. on top of my salary.
My question is can I still claim for petrol back on my travels?
My reason is that my understanding of a travel allowance is as follows
Travel allowance - is any allowance paid or advance granted by the employer to the employee for the use of his or her private motor vehicle for the employer?%u20AC%u2122s business purposes.
Tax directive - what`s that?
Posted 24 July 2014
What is a tax directive?
Is the red minus due to or due by?
Posted 24 July 2014
I have done my return and I have a total with a minus sign in red is it due to me or by me?
Tax responsibilities following resignation?
Posted 23 July 2014
I would like to find out how my SARS tax returns will work for the 2015 tax year.
I resigned from my employer of 10 years at the end of January 2014 to start my own business from home.
What are the implications and my responsibilities to SARS from this point on? I am technically unemployed with low annual income currently.
My business is home-based. I have no other means of income. My husband is currently employed full time. We are married in community of proper...
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My tax refund, have not received it yet?
Posted 23 July 2014
I submitted my documents on monday 21-07-2014,but I haven't got my refund yet its 2days already
Working for a boss and using your salary to fund your own private company
Posted 23 July 2014
I am permanently employed at a company and receive a monthly salary, which I would like to use to fund my own business which is a registered pty ltd.
At present all my business expenses are coming off my personal account, but I would like to pay them from my business account, which means having to transfer of my salary into my business account.
What are the tax implications and what would you advise I do?
Must you in person hand in your IT77 form and supporting documents?
Posted 23 July 2014
When a person has been sequestrated and have to apply for a new tax number for his/her new estate, and completed a IT77 form and have all the the documents required attached, must he/she take it to SARS themselves or can a other person hand it in for them? I have phoned the call centre at SARS and they said the person have to bring it themselves and have to sit and wait for a consultant at SARS to capture it and issue immediately the new tax number. An they have to bring their original ID as wel...
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