Starting with tax

  Written by Marc   Posted 22 July 2013

Hi Tim, We are two employers that works in a small company, and after one and a half years we found out that our employer did not pay or fill out the necessary documentation for our tax. We would like to sort this out ourselves as soon as possible - where do we start? Will there be any penalties? How can we work out what this will be? We both started working for the company after University. Personally I break even every month after medical aid contributions, student debt, rent etc. My co-worke...

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How to fix a mistake on SARS eFiling?

  Written by Marc   Posted 22 July 2013

I filled in my tax and submitted, but realized that I made a mistake on the form. I tried to get a correction but it failed. I filled a new tax in and submitted. They then asked for my forms, which I gave and now I am waiting for my refund. I have had no more communication from them and it has been a week. What is going on? Will I get my refund?

Medical Aid, out of pocket expenses, can I claim on my ITR12 Tax Return?

  Written by Marc   Posted 22 July 2013

I paid an amount of R7k in medical expenses out of my own pocket and did not claim from medical aid. How much of that amount will I get back from SARS?

Letter of Completion, but not happy with SARS or my income tax refund?

  Written by Marc   Posted 22 July 2013

I filed my husbands tax return this year, and received an ITA34, however I was asked to upload supporting documents for audit. I have done this, and then received a letter of completion 3 days later. However, I still have not received an ITSA, and I don't agree with the amount for refund that they come to. On my SARS profile, it says still being assessed.

What does this mean? Has my husbands return been completed, or is it still being assessed? And what is the best way to dispute a re...

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What do I do if I can't upload all my documents on eFiling? It says I have reached my limit.

  Written by Marc   Posted 22 July 2013

I submitted my return a week ago, and I do not have a medical aid, but did keep all my receipts for medical expenses. They asked me to supply the supporting documents which I did, but it was about 30 pages of receipts first I uploaded the 20 pages and then they told me that I cant upload more than 20 at a time, then in order for me to upload the rest of the 10 I made a dispute NOO document and attached a letter explaining the reason and than I uploaded the rest. I am afraid that I have done th...

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How does the refund process work?

  Written by Marc   Posted 22 July 2013

How do I go about getting my tax refund, and how long does it take, will it be put in my account or given to me cash on hand?

IRP5 refunds

  Written by Marc   Posted 20 July 2013

How will I know that I have money that is due to be paid to me which is my IRP5?

Claiming back on spectacles from SARS?

  Written by Marc   Posted 20 July 2013

Can I claim VAT back on purchasing spectacles as a medical expense?

My ITSA showed that I received a refund but it was reversed the same day.

  Written by Marc   Posted 20 July 2013

I now have the same balance which shows it will be refunded with no request for further audit or supporting documents. Why would this happen ?

Thanks

How long does it take to get a refund from SARS?

  Written by Marc   Posted 19 July 2013

I receive a form at work from SARS, but I don't know how it works?

How much does and agency must deduct for tax from a temporary worker?

  Written by Marc   Posted 19 July 2013

My sister is working as ENA in a hospital under an Agency but she doesn't understand how they deduct so much money claiming that the money is tax money, at the same time she is not permanent. They get paid on a weekly basis depending on how much hours they work, but the normally work about 3 or 4 days a week. please help, their previous Agency paid them about R1300 a week but the one they changed to pays 700 a week.

How much tax do I have to pay as a self employed buinessmen?

  Written by Marc   Posted 19 July 2013

Hey Tim, awesome site and very helpful info. I am not sure of my tax number, I was out the country for a few years and before that I was self employed and now again I am self employed. I last worked for a company n SA probably 10 years ago.

We have started 3 businesses since we have been in SA (my wife and I) and the first 2 didn't really get going at all and cost much more than they made which wasn't much at all. They were both Close Corporations but we never got to the stage when we got a bookkeeper in to do anything...

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I would like to have my tax done with you just need to get all my documents sorted sorted.

  Written by Marc   Posted 19 July 2013

I would like to ask you a question. I started working December 2012 and only worked 3 months this tax year. I earned R25000 a month. A lot of my friends said we will get most of the tax paid back for those 3 months because we just started working. Is that true or not? Please can you explain it to me?

Included medical scheme contributions and other medical expenses, but code 4008 says R0.00

  Written by Marc   Posted 19 July 2013

I just submitted my tax return. I received my ITA34. I contributed R7192.00 to my medical scheme (Code 4005) and also R1592 for other medical expenses not paid by the medical aid (Code 4020) but on the ITA34 my medical expenses is 0 (Code 4008), thus my deductions allowed is also on 0. So it says I will be getting back -1840.00, but shouldn't it be more because of my medical expenses and medical aid payments? Or do SARS first have to check this and possibly do an audit before they take my total ...

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What is source code 4473 on my IRP5?

  Written by Marc   Posted 19 July 2013

AS a deduction what deduction is source code 4473 used for.

Please enter the total amount for the year you personally spent on medical aid contributions which d

  Written by Marc   Posted 19 July 2013

Please enter the total amount for the year you personally spent on medical aid contributions which did not get taken off your salary. On my medical certificate I got a amount for  contributions from 1 March 2012 to 28 February 2013 and also one for Claim not from the medical aid. Which amount must I put in here?

Expenditure for private person while overseas for business

  Written by Marc   Posted 18 July 2013

Where do I enter a claim for foreign expenditure on the ITR12? I run a S. African B&B, but went to the UK and France specifically to investigate buying a B&B overseas. Can I claim my expenses for this trip?

IRP5 code 3616, what is it on my ITR12?

  Written by Marc   Posted 18 July 2013

Can a person claim entertainment expenses on assessment when their earnings are reflected under IRP5 code 3616..

Does a letter from SARS "Verification of assessment" mean that my tax return is completed?

  Written by Marc   Posted 18 July 2013

I've submitted supporting documents to SARS as requested, and received a letter with the heading Verification of Assessment. Does this letter mean that my return is completed and I will receive the refund due to me?

What is the meaning of (account balance 6730 DUE TO YOU)?

  Written by Marc   Posted 18 July 2013

I received this sms from SARS, but am unsure when I am going to receive my income tax refund.

Income tax refunds?

  Written by Marc   Posted 17 July 2013

I've sent my details via eFiling last week, would you please assist me in finding out if I'll be paid out or am owing to SARS?

can you supply SARS with bak statements

  Written by Marc   Posted 17 July 2013

SARS asked me to submit supporting documents.I work for commission so I have a lot of deductions. As I didn't have ALL my slips, I submitted my bank statements and indicated on them what deductions I made. I also attached my garage card statement. However they didn't accept any of these deductions!

Is it possible?

How do I show provisional tax paid on my ITR12?

  Written by Marc   Posted 17 July 2013

Where do I reflect on my ITR12 what tax I have paid over and above what got deducted by my company?

Medical Aid Tax Credit - source code 4008

  Written by Marc   Posted 17 July 2013

Hi

My Taxable Income is R 322 058. Through the year my medical Aid contributions were R 13 024 and out of pocket was R 11 359.19. I just wanted to check that I shouldn't be getting a rebate on 4008.


The calculation I'm doing is: Contributions and out of pocket (R24 383) - Tax Credit R246 * 12 * 4 (R 11 616) = R 12 767. This is less than 7.5 % of my income ~R24 000 therefor that's the reason why the 4008 allowable deduction is R 0?

How do I complete and submit my tax returns to SARS?

  Written by Marc   Posted 17 July 2013

I was working in a certain company, (2010, 6 months contract ) and (2011, 6 months contract) and I didn't have a tax number but certain amount were deducted (Tax). I'm working for another company now. I just want to find out how do I go about doing your Tax Returns.
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