When does SARS pay the refunds in 2014, is it still within days like the years before?

Posted 7 July 2014

I submitted my 2014 SARS returns on the 5th of July 2014.I got an SMS from SARS this morning (07/07/14) which says my first payment (refund) will be on the 1 of Aug 2014 and the 2nd one of the 31st of Aug 2014.
Am confused as to what this means cause previously,their turn around time on Refunds was anything between 2 to 4 days.Please could you help me understand.

Registration of 2nd vechile

Posted 7 July 2014

how do I register a second vehicle? We sold one and bought a new one in January?

Tax on interest when abroad

Posted 7 July 2014

Regarding the residency question - If you earn interest(South African source) with no other income, spend more than 183 days out of the country, will that interest be subject to tax. Lets assume the interest earned is R250 000 for the year. If this isn't tax free, would the opposite be true where by the interest is from a foreign source yet you are resident in SA but do spend more than 183 days out of the country.

Internship Tax

Posted 6 July 2014

If I interned for 2 weeks and paid tax but got paid less than R67K, can I claim the tax back?

Company car, claim back business kms at end of month where do I put it in on my tax return?

Posted 6 July 2014

If I drive a company car and claim my kms travelled for business back at end of the month where do I put that in on my tax return?

Reviewing assessment

Posted 5 July 2014

I got this message on my eFiling profile. Can you please tell me what it means?
Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course

And also it says selected for audit or verification. How do I know which one?

Can renovation costs be considered maintnance costs?

Posted 5 July 2014

I use my home as a home office and to this end, claim office expenses (15% of household expenses such as levies, electricity, insurance etc). I did some major renovations during the last tax year, can I claim a portion (15%) of these renovation costs as a maintenance cost?

Do I need 2 tax numbers 1 for my business and 1 for myself?

Posted 5 July 2014

I am unemployed and would like to start a small business.
I am planing to open a business bank account under (CT Plumbing). Sole Priority.
1.) Do I have to get a new tax number from SARS for this business or can I use my tax number when I was still working for a company?
2.) If so how many tax numbers should I have? for example one for my business and one for me?

I have 1 of my 2 IRP5's, the second is still pending. Can I submit the first so long?

Posted 4 July 2014

I have 1 of my 2 IRP5s. the 2nd is still pending. Can I submit the one return for credit so long and then file the 2nd one when I get it?

Where is the link to do the calculation of depreciation of the lapto, motorcar etc?

Posted 4 July 2014

There is more than one place that you said " use the computation machine worked out" But there is no link. How am I suppose to do it?

Im myopic a disability for tax purposes?

Posted 4 July 2014

In 2012, August, my optometrist diagnosed with a condition, I think it was myopic (where one is unable to see objects, especially when they are far), then, he gave me spectacles to correct this. This year, I did an eye test, without spectacles, and I failed. I check SARS website, this qualifies to be physical impairment, which is regarded as a disability, Question, what are the tax consequences of this,

Earning R6 500 can submit tax return

Posted 4 July 2014

I am earning an amount of R6 500 monthly, am I entitle to submit my tax returns cause some said I must earn more than R10 000 monthly to submit

Medical tax credit

Posted 4 July 2014

What is medical tax credit?

How can I get my tax number

Posted 3 July 2014

How can I get my tax number?

I was dismissed and my pension is around R26 000, so after tax how much will I get?

Posted 3 July 2014

How much will I keep after being taxed R26 000 of my pension?

Medical deductions for a daughter, can they be claimed?

Posted 3 July 2014

A work colleague's daughter who is not considered to be a dependent in terms of sec 18, as she works and is 31, of the income tax act ended up in hospital last year with tick bite fever. The bills amounted to about R220 000. The mom paid all the bills for the daughter and wants to know if she can claim these under her tax return as her daughter earns so little there will be no tax paid back. The daughter is not on a medical aid of her own and is also not on her moms medical aid.

Source code 4008 is not on my IRP5?

Posted 3 July 2014

Why source code 4008 is not on my IRP5?

Travel claims using TaxTim?

Posted 3 July 2014

Can you claim back if I'm using a company vehicle, the company is paying all the expenses The code on my IRP5 is code 3802 and I do have a logbook?

Tax deduction on invoice made out in someone else's name

Posted 3 July 2014

Question: For disability tax, can I claim a qualifying expense that I paid for although the invoice from the service provider was made out in the name of my wife?

Can I get an IRP5 for state pension?

Posted 3 July 2014

Can you please advise me regarding the following:

My Mother-in-law is a SASSA Old Age Grant recipient, she also earns a very small pension from her late husband's pension fund. Her medical expenses uses up almost half of her income. Can she obtain a IRP5 for her state pension as well as the other small income and then submit a ITR12 form through eFiling? If so, where can she obtain a IRP5 for her SASSA grant?

What is the list of things that I put on section 4028 and how do I word them?

Posted 3 July 2014

I need to know what do I list as my home expenses under the section 4028 and after putting the amount on the tax return do I submit the receipts as well as the list of the things on the list ? When they say the space, do I take measurements of the room I work in and divided by the whole house? Maintenance does that including the cleaner, gardener expenses as well. I have to connect through 3G which the company does not compensate, can I include that as network connection expenses?

Should I fill in the amount contributed as per Medical tax certificate or leave it blank ( 4005)?

Posted 3 July 2014

hi, I have a medical aid and I am contributing directly , but my company paid for 1 month while I was on part time. When I became permanent I didn't want them to take over the medical aid, so in that way I own it not my company. Now I have to do my returns should I put in the amount I contributed on 4005 or should I leave it blank?

Earning a salary and having a sole prop on the side, how does the tax work?

Posted 3 July 2014

I am employed and earn a regular salary from my employer. BUT I also run a small business (just me as Sole Prop) on the side. (I help people with Web development and design work)How does tax work in my case? Do I need to put away a percentage of each transanction and pay it manually each year or how does it work? I don't want to get into any trouble with the tax man :-)

Can I claim tax back on medical expenses if my medical aid is partially subsidized by my Employer?

Posted 3 July 2014

I am currently employed and am ready to submit my tax return; however I have a question relating to medical expenses that were not covered by my medical aid. My medical aid is partially subsidized by my company, I contribute 40% and my employer contributes the remaining 60% towards the monthly contributions.
Am I still allowed to claim tax back on these medical expenses even though I do not pay the full medical aid contribution?

Do I need an IRP5 Certificate for pension drawn out from previous employer?

Posted 3 July 2014

I resigned from my previous employer in November 2013 and I drew out my pension fund. I received an IRP5 certificate from them and also have one from my current employer. My question is should I expect to have two or three IRP 5 certificates including the pension fund one?
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