Why is my arrears retirement contribution on allowed to be a lower amount?

  Written by Marc   Posted 17 July 2013

I want to claim the last 2 year retirement contributions its meant to be R6396.60 but they only allowing me to claim R1800.

Why do I not get a tax refund for my extra medical expenses?

  Written by Marc   Posted 17 July 2013

I am claiming medical expenses I paid, but I am not getting any money back.

Does your medical aid payments back into your cheque account counts as income?

  Written by Marc   Posted 16 July 2013

Should you show your payments from your medical aid into you account as income or is it just income your earn? Any other cash backs and / or paybacks which you already paid for gets ignored?

What does the "-"before the calculated tax amount mean?

  Written by Marc   Posted 16 July 2013

I am trying to submit my SARS tax return and when I selected the calculate button it gave me a breakdown of income etc. My question is though, my calculated tax result says -R4568. What does this mean? Do I owe the South African Revenue Services this money or is this money due to me?

PAYE on R5 000 and under? What do I do?

  Written by Marc   Posted 16 July 2013

I just want to know if my employees should pay PAYE on R5 000 per month and lower? Or can I only deduct UIF?

An employer purchases a motor vehicle for 40k and sells it to his key employee for R20k?

  Written by Marc   Posted 16 July 2013

Can the business deduct a loss on an item bought and resold immediately? The business is an engineering company.

When will I receive my tax refund?

  Written by Marc   Posted 16 July 2013

I have submitted my returns and was selected for audit. SARS requested additional documents which I provided. I received an assessment and some of the deductions were not included, I then submitted notice of objection. I received a revised assessment this morning and it reflects a negative amount. The statement of account also shows that a refund is 30 days due. When can payment reflect in my account?

Verification of Income Tax Declaration

  Written by Marc   Posted 16 July 2013

Hi Tim. Your website is great & the questions & answers very helpful indeed. I recently submitted my ITR via E-Filing, my IRP5 information appeared on my ITR (I didn't change anything). After I submitted it, it reflected that I'm due a refund of R7600. I then got a letter from SARS saying certain declarations that were made appear not to be correct or in agreement with other data which SARS has & I need to submit supporting documents. For source code 4102, a PAYE credit of ...

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Medical Aid contributions on my tax return?

  Written by Marc   Posted 15 July 2013

I am paying roughly R1 400 on a medical aid for myself and a spouse.
The payments are made through the company, but the full amount is deducted from my salary per month, and the company does not contribute any portion. Does this mean that I am paying the medical aid myself, and can claim as such, or does this mean that I cannot claim these amounts for a tax return?

How do I submit supporting docs with my eFiling tax return?

  Written by Marc   Posted 15 July 2013

I have letter from Salam for RAF & medical claims not paid by medical aid

Tax and overtime - refunds?

  Written by Marc   Posted 15 July 2013

I would like you to explain to me why people who work overtime get so little refunds. Ever since I've worked in 2008, I've been getting 24c - 27c as my returns. I have a med aid and my tax certificate yearly shows thay I've paid more than 3 000 out of my pocket. If you can just explain as to why's is it like that, is there something I'm soing wrong?

I received an SMS from SARS to they say i got an account balance of R12000, but they are auditing me

  Written by Marc   Posted 15 July 2013

About ma tax claim refund

Is there a tax deduction for spousal insurance?

  Written by Marc   Posted 15 July 2013

On my payslip there is a deduction for Spouse insurance.If my spouse dies, I get money from my employer to help. think its twice my annual salary.Are there any tax benefits for this?

Who must pay tax in South Africa?

  Written by Marc   Posted 15 July 2013

how much one one must earn per annum.

I did not receive my Medical Aid Contribution Certificate, what can I do?

  Written by Marc   Posted 14 July 2013

Would I be able to claim medical aid contributions if I don't have a medical aid tax certificate?
The medical aid no longer exists, and I have been unable to obtain a copy from them.

Tax Return - when I must I submit?

  Written by Marc   Posted 14 July 2013

I'm getting confused with regard of submiting tax return. If you earn more then R63556 you to submit your return and on the other side if your remuneration is R250000 you may not subtmit a income tax return. Can you clarify that for me please?

Source code for Home Office?

  Written by Marc   Posted 14 July 2013

The SARS info states the formula how you can claim for Home Office, but what is the source code. I work part time on a commission basis and would like to claim for home office.

We are married in community and I pay all the medical expenses including monthly installment, how do

  Written by Marc   Posted 14 July 2013

When we complete our eFiling, must I enter the medical expenses ONLY on my eFiling or must I enter it on BOTH (Myself and wife.)??

Medical Expenses Code 4020

  Written by Marc   Posted 14 July 2013

Hi Tim, thank you for the great service. My basic salary is R20k, my employer pays R400 and I pay R1200 towards medical aid. I am the principal member with 1 dependant. I would like to clain approx R6000 on code 4020 as my personal med expenses not claimed from med aid. Is this claim valid and approx how much will I get back if anything?

Maunual intervention on assessment?

  Written by Marc   Posted 14 July 2013

What does it mean when sars says that the assessment needs manual intervention (2007) and how long does this take?

Also I have to pay a penalty, do I pay after intervention? Or will they deduct penalty from my return?

Which supporting documents to send to SARS when being audited?

  Written by Marc   Posted 13 July 2013

I recently filed by return via eFiling and was selected for an audit or verification process. So SARS requires supporting documents from me. My question is when submitting these documents, do I only submit those documents pertaining to aspects that impacted the assessment (detailed under "Notes" at the end of the ITA34) because that's what I am assuming or do I have to submit all documentation? Also how long after I have submitted these documents will I get a response from SARS, also my refund s...

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I have changed my SARS bank details, now what?

  Written by Marc   Posted 13 July 2013

I have filed my tax return and SARS has asked for supporting documents, which I have submitted via eFiling. The SARS Status says 'AVS Bank with AVS verification pass'. I would like to know what this mean.I am also expecting a refund due to me.Thank Tim.

Can I deduct my uniform cost from my taxable income?

  Written by Marc   Posted 13 July 2013

I am a nurse and are required to wear a prescribed uniform and pay an annual fee for a practicing license. I do not get an allowance for either and have to pay for my own uniform and annual practicing license. Can I deduct these expenses from my taxable income?

Completion Letter form SARS, what does it mean?

  Written by Marc   Posted 13 July 2013

Hi Tim, SARS requested supporting docs which I submitted yesterday morning and in the afternoon I received a letter informing me that no amendments were made to my return. They then issued me with a statement which showed the refund due and said I'm not selected for audit. Does this mean the process is complete and I can expect my refund?

Tax refund from using own transport?

  Written by Marc   Posted 13 July 2013

I have use my vehicle for official purposes in 2012 to 2013 and traveled 8553 km. Will l be get any refund or l will pay Extra?
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