How long does it take for refund if required to attach documents?

  Written by Marc   Posted 28 July 2013

I did my efiling on the 23 July and expect a refund. I was asked to attach documents, medical aid and IRP5 and it was selected for auditing. How long does it take to be deposited the money?

is 5% above your gross medical expenses still deductable?

  Written by Marc   Posted 27 July 2013

is 5% above your gross medical expenses still deductable?

Bonus, back pay and incentives under income code 3601

  Written by Marc   Posted 27 July 2013

Dear TaxTim

If you have received incentives and a prosperity bonus within the year, can you claim that back from tax? My employer has added my over pay, back pay, incentives as well as the prosperity bonus under the income code of 3601.

Must I inform SARS about having had children?

  Written by Marc   Posted 27 July 2013

I registered before having children long ago but now I have two. Must I inform SARS about the responsibility I have now and how it'll change my monthly tax from my salary?

Claiming out-of-pocket medical expenses when you don't belong to a medical aid

  Written by Marc   Posted 26 July 2013

How do I capture out of pocket medical expenditures when I do not belong to a medical aid..?
I have captured them under code 4020 but when I look at the notice of assessment, the amount to be refunded back to me is exactly the amount on my PAYE source code and it does not seem to take into consideration the out of pocket medical expenses I incurred... How does this work..?
Thank you

Wear & Tear / Depreciation clarification

  Written by Marc   Posted 26 July 2013

Wear & Tear/Depreciation.

3 part question:

a) Do I claim full depreciation on my private vehicle or only that portion that is used for business purposes, using the business mileage % of the total annual mileage, as the apportionment figure?
b) Do I claim the full depreciation on my cell phone or only the business portion as well?
c) Am I able to claim the depreciation on my vehicle and cell phone for previous tax years if I did not do so at the time?

Tax Directive was 18%, but SARS taxed me at 25%. Why?

  Written by Marc   Posted 25 July 2013

Hi Tim,

My income is based on a 100% commission, no salary and no benefits. I applied for a tax directive from SARS and received one at 18%. However, when I did my return I was taxed at 25%. What am I missing here?

Not registered with SARS, where does my tax go to?

  Written by Marc   Posted 25 July 2013

I am on contract and I never registered at SARS. I want to know where does the tax taken off my salary go?

Is there tax refund money for me?

  Written by Marc   Posted 25 July 2013

How can I find out if there are any money for me in tax refunds?

How will I know amount due to you or me if I submit through SARS eFiling?

  Written by Marc   Posted 25 July 2013

How will I know if I owe SARS or SARS owes me if I submit through eFiling

How will I know if SARS owes me money?

  Written by Marc   Posted 25 July 2013

If I summit my tax return by eFiling how am I going to get my answer whether am I owing or if they owe me?

Why isn't SARS paying me my refund?

  Written by Marc   Posted 25 July 2013

The SARS Status says 'AVS Bank with AVS verification pass' & how long does sars take to pay after the status has been updated.

As a contractor should I submit both IRP6 and an IT12 or just the IRP6's?

  Written by Marc   Posted 24 July 2013

Hi Tim, thanks for a great web site!

I'm an IT contractor and for 6 months at the start of 2013 I worked for a company in South Africa and was paid a fixed amount each month. I received a payslip and tax was deducted, however my tax number wasn't included on the payslip. I was asked to become a permanent employee after the 6 months but declined and subsequently left SA to work overseas on a contract where the money I earned was transferred to my SA bank account. I submitted an IT12 to SARS showing the amounts I'd earned from both contracts...

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Less tax refund this year compared to last year

  Written by Marc   Posted 24 July 2013

Why do I get less tax refund in return this year as what I did last year?

Declaration and calculation of Trustees Fees received for income tax purposes?

  Written by Marc   Posted 24 July 2013

If you receive Trustees fees how should this be declared and taxed?

How long does SARS take to pay me my income tax refund?

  Written by Marc   Posted 24 July 2013

Hello I did get this message on the 4/7/13 SARS Status: Your [Document] has been received but has not yet been assessed. Please note that it typically takes 5 working days to process electronically submitted returns. Please enquire about the status again after this period. Today is the 24/07/13
Why does SARS take so long?

When will payment be made by SARS as a tax refund?

  Written by Marc   Posted 24 July 2013

I did my eFiling on Friday. My current eFiling status is assessment received and SARS status is avs banking with avs verification pass. What does this mean? Yesterday I received a msg saying a statement of account has been issued. Confused...... when will the money be refunded or is there something else they need?

I'm non-resident in RSA but pay PAYE i.r.o. my Living Annuity

  Written by Marc   Posted 24 July 2013

My wife & I left RSA in 2011 & living in Namibia (we're awaiting permanent residence approval).
I receive a pension from Glacier (Sanlam) & they deduct PAYE. We also earn interest from ABSA in RSA & from Bank Windhoek in Namibia & from my son in Namibia. Do I have to submit tax returns in SA?

Why did we only get R500 back from SARS?

  Written by Marc   Posted 24 July 2013

My hubby requested that his Co deduct R500 pm extra since August 2012. Total of R500 x 7 = R3500
IRP 5 reads R 173 579 code 3601
R 105 831 code 3605 (This is actually his commission)
PAYE R 49 183.30 code 4102

However we are only getting back R500.30. Why not the R3500?

What does 'transaction reference' 2 mean on my ITSA?

  Written by Marc   Posted 24 July 2013

I submitted documents for review and received a completion letter on 17 July 2013, stating that no adjustment has been made to my original assessment (SARS owes me) however, on my ITSA it shows a date of 2013-08-01 with transaction reference 2 and then the transaction value still showing that SARS owes me. What does this mean and how long before they would pay me out? I don't have my own bank account but has registered my mother's bank account on my first ITR12 that I've done la...

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Hi Tim. I work in Sierra Leone and get paid in dollars, into a SA bank account, how do I complete my

  Written by Marc   Posted 23 July 2013

I comply with the regulations regarding 183 days out, 60 days consecutive. My question is where do I fill this in on my return. They want a rand value, and I do not have an IRP5 but one from the company.

Been offered a job in South Africa but will be paid to a offshore bank account do I need to pay tax?

  Written by Marc   Posted 23 July 2013

Employer is a large international company with offices in SA. I will be living and working full time in SA. They are not deducting PAYE at source and they are paying me in GBP to an offshore account of my choosing. Do I still need to pay tax in South Africa?

How does the rental tax on a first property, paid in cash, work?

  Written by Marc   Posted 23 July 2013

I currently live with my parents, on their property. I am looking at purchasing an apartment for R650 000 and renting it out. I have been given the option of paying for this in cash and then paying my family back at their low bond rate of 6.5% (prime -2%).

The property will be rented out for R5500. The expenses on the property (rates and levys) are R1800. So the rental income would be R3700pm. This R3700 as well as another R4300 will be paid monthly to my parents (total R8000pm).
...

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How much my refund because I submitted an ITR12 income tax return?

  Written by Marc   Posted 23 July 2013

Because yesterday I submitted my IRP5 to SARS

I have done my submission on eFiling and calculated result is -R3963

  Written by Marc   Posted 22 July 2013

Does this mean I owe SARS or they owe me and they have requested doc from me for audit how long does this process take once submitted on eFiling and if I get a refund how long does it take?
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