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Salary / IRP5 Posts in Tax Q&A

This is the reference on all my documents?

  Written by Marc  

I tried to complete my tax yesterday but was told that my tax reference number 7050712176 was incorrect.

How can I get my existing tax reference number online?

  Written by Marc  

How can I get my existing tax reference number online?

Do I pay tax on my pension savings that were transferred to a preservation fund when I resigned?

  Written by Marc  

I resigned from my job late last year. Upon resignation, I transferred my pension fund savings into a preservation fund with the same company that held my pension fund. My tax return shows the entire amount of my pension fund as income under source code 3920 - Lump Sum Benefit. Why is this declared as income when I have not received the money? Does this mean I will be taxed on my preservation of my pension fund savings?

What does it mean -R2184.06?

  Written by Marc  

I submitted my IRP5 today and the message state amount -R2184.06 due to you,but what I don't understand they gave me to dates of payment?

If you work for only two months does it count as your yearly income?

  Written by Marc  

If you have worked only two months in the year (Jan and Feb 2014). And your employer deducted the full amount of PAYE as if you were working for the full 12 months, Will you be refunded the full amount of PAYE paid over to SARS as your Yearly income for 2014 is well below the threshold? Or does SARS allocate the income proportionately?

Payment to a non-employee

  Written by Marc  

Please can you explain what I should do with the following scenario?
I need to pay commission to a person (non-employee) for a business lead. What deductions do I need to make and what documentation should I issue them with?

Refund gets reversed by your bank 3x and SARS then suddenly requestes for docs but not Audit?

  Written by Marc  

Hi TaxTim

I submitted my SARS return on 02/07/14. I requested a statement of account to see if I was selected for an audit and the answer was No.... even today when I request a new statement it says No. So what happened was, on the 3rd/4th and 5th of July 2014, FNB had technical problems, and they reversed all payments from any one that went to FNB accounts. With my luck - it was my SARS refund. So on Tuesday (the 7th of July) I received a message - request for supporting documents, ...



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How to complete a return when employer has not paid over PAYE that was deducted?

  Written by Marc  

My previous employer refuses o give me an IRP5 and they have not filled out any tax information for me for the tax they have deducted while I worked there. How do I go about filling in my return with the missing information? Is it possible to resolve this via eFiling?

Reimbursive Travel Allowance

  Written by Marc  

I have received a reimbursive travel allowance however my company has not split it on my IRP5-its been put together will other allowances under tax code: 3713. what are the implications of this-is my tax being calculated correctly as I'm worried now that I can claim the "8000" non taxable deduction correctly.

Would my company have to issue me with a new IRP5 to reflect the amounts correctly?

Can one claim the PAYE that was over deducted by the employer?

  Written by Marc  

If I am being overtaxed in terms of PAYE on my monthly salary, can I claim this from SARS? Please advise?

Tax Return for less than tax threshold

  Written by Marc  

how do I complete my tax return when I earned less than the tax threshold and was not given monthly salary slips? I was employed by two brokers as their personal assistant but not through the company they worked for i.e I was on the brokers payroll and not the companies.

What to do with this IRP5/IT3(a)

  Written by Marc  

I have a IRP5/IT3(a) I want to know if I qualify for tax refund and what must I do?

Based on the above, is the audit still in progress

  Written by Marc  

I submitted my Tax Return and was subsequently advised that it has been selected for Audit and they requested several documents which I duly submitted.

A few days later I got a call from a Lady from the Alberton offices saying she was auditing my return and after verifying a couple of questions, she advised me that the return has now been assessed and she will forward it for quality checks. When I check the efiling status it shows a negative balance of R 37 000 and indicates that the ...



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IRP5 from a company I don't work for anymore

  Written by Marc  

I have received an IRP5 form from an agency that I previously worked for from another company in Cape Town. I have no clue what I am suppose to do with this IRP5 form because I don't work for the company anymore.

Can you please advise me or assist me on this matter? Thank you

Pension fund on my ITR12?

  Written by Marc  

Why will the amount deducted from my salary for pension fund, differ from the amount shown on my eFiling tax calc?

Do I calculate tax after deducting employees UIF, provident funds, allowances?

  Written by Marc  

Do I calculate tax after I have debited UIF, Pension Fund and transport allowance or I calculate it before anything is debited?

Retirement & Provident Withdrawal Tax Refund

  Written by Marc  

Good day, on the 25 January 2014 I changed employment and had a withdrawal from my previous employees Retirement and Provident funds of approximately R57200.00 each and I only got approx R42000 deposited in my bank on each. I was taxed on both payouts but does not seem like I am getting a refund on them. On my ITR12 I can see the one payout from Liberty (R57200.00 on source code 3920) but not the other and my issue is that my total rebate is only R 74.00. I really dont think this seems right?

Transfer from one retirement annuity fund to another - how to handle on efiling?

  Written by Marc  

During the 2013/2014 tax year I moved a retirement annuity from one fund to another. As part of this process the accumulated value in the "old" RA was paid over as a lump sum into the "new" RA.

As a result, the "old" fund issued me with an IT3a for the lump sum payout. This IT3a used code 3920 for the lump sum payout, with an additional code 4 indicating it is a tax exempt lump sum payment (there is also a tax directive number on the IT3a).

How do I handle this on eFiling when completing my income tax return?...



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50% medical aid subs paid by company

  Written by Marc  

If the company deducts 50% of my medical aid premium from my salary and they pay they other 50%- however they reflect this as perks tax on my salary slip- should I reflect this on my ITR12 or should I only reflect the 50% which is deducted monthly and also is reflected on my IRP5/ITR12

Not registered for tax, but wants to submit returns?

  Written by Marc  

My husband worked for different small businesses(at home mechanical/panel shops) for 5 years now and received weekly wages per month in cash, which is currently R950 per week and started off on R450 . He was told because of his low income he doesn't need to worry about tax registering. What can he do about this as he has no IRP5's or payslips in order to register himself. We would like to take a life policy for him and heard that he would need a tax number if we should claim in even of his death...



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Do public sector employees get a rebate on medical aid contributions not subsidized by the state?

  Written by Marc  

Do you get a tax rebate if you contribute to a private Medical Aid like Discovery Health if you work in the public sector and do you qualify for a tax rebate on funds not recovered from the medical aid but reflected on the tax certificate provided by the medical aid?

Message after submitting IRP5?

  Written by Marc  

What message will you get if you owe SARS on your mobile?

Do I add claims not paid by my medical scheme on my IRT12

  Written by Marc  

On the medical certificate that I have received there's an amount under claims not paid by my medical scheme, do I include that amount anywhere on my ITR12.

How will I know if my submission on SARS eFiling was successful?

  Written by Marc  

How will I know if my submission on SARS eFiling was successful?

How do I close my tax account?

  Written by Marc  

I am a provisional taxpayer. I used to have my own business. I am no longer employed and I am leaving the country in December. I am wanting to know what the procedure is to follow in closing my tax account. Do I need to get a tax clearance?
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