Should I do a revised assessment if data was omitted in my final assessment to SARS?

Posted 21 July 2015

I have omitted an earning on an investment in my original assessment. Should I do a revised assessment or just send all documents to SARS for review?

Do I still need to submit tax returns if I am no longer working?

Posted 21 July 2015

I stopped working and no longer have an income. I am registered as a provisional taxpayer. Do I still need to submit tax returns or can I de-register?

How many days does it take SARS to payout?

Posted 21 July 2015

I want to find out how many days does it take SARS to payout? Because last year it took only two days. I have been waiting since the 8th of July...

Whats taking sars so long to pay me cos the ITA34 shows they owe me?

Posted 21 July 2015

I submitted my tax return through SARS e filing on the 1st July 2015; got results on 07/08/15. On the 08/07 I got correspondence that I didn't file/submit tax return for 2011 and I was not working on that year. I submitted an affidavit on the 08/07 and until now I'm not getting the money SARS owe me back. What may be the delay?

We have a cc which has run at a loss - how do I complete the ITR12?

Posted 21 July 2015

My husband and I have a cc registered in our names. When completing our tax returns it then brings up the statement of assets and liabilities - how do I complete this?

My husband runs the business, but it has run at a loss, so he did not get any money out for the last year. Do I still need to fill in the assets and liabilities (there are no assets such as property nor debtors - it is a cash business, so there is a small bank balance). Do I include our personal assets and liabilities ...

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Must I submit the log book when submiting on SARS efiling?

Posted 21 July 2015

Morning,
I need to do SARS e-filing. What I would like to ask is does the travel log book have to be attached or only on request by SARS? The log book has been done manually in a book so I will have to transfer all that information into digital form but thought I could go ahead do e-filing without attaching it, and then if they request then I could do a digital form of the logbook and send it to them. Is this right?

Studies and Tithes Tax

Posted 21 July 2015

Is private studies to become a Pastor, whilst being in full time employ of an engineering firm, tax deductible? Is the tithes paid to my local church monthly, tax deductible, if so, what deduction code does this fall under?

How long do refunds take

Posted 21 July 2015

Hi Tim, I just wanted to find out, I filled in my tax return and according the IT34, SARS owes me a refund. How long do the refunds normally take because the bottom block doesn't say I need to submit documents and today is already the 4th working day?

Quarterly R5000 bonus, would like to know if I get taxed tremedously?

Posted 21 July 2015

I get a R5000 bonus every three months.. It started recently and is performance based.. Would I get taxed a ridiculous amount on this? They pay it with my salary.

After getting the completion from SARS how long does it take to be paid out?

Posted 21 July 2015

I would like just to find out I received a letter of completion from SARS so does that mean I will get paid or what?

Does UIF qualify as income protection insurance?

Posted 21 July 2015

Does UIF qualify as income protection insurance? If not, then what typically does qualify as income protection insurance?

Are levies on a rental property tax deductible?

Posted 21 July 2015

Do the Levies on a rental property count as an expense towards the "business" and if so, what category should that fall under eg: Administration fees?

Tax on R1,132,179.00 lump sum

Posted 21 July 2015

I am going on early retirement. I am 63 yrs old. My lumpsum is R1,132,179.00 How much tax will I pay?

Outstanding tax return is holding up my refund, I cannot get the IRP5 as employer is deceased.

Posted 20 July 2015

Hey Taxtim. I submitted my tax returns on the 10th of July this year. SARS informed me that I would get a refund of about R17000, which I desperately need. After a few days I called them to ask when I might receive this refund, they informed me that they are not going to give it to me yet as I have outstanding tax returns for 2012.

I did not have this issue last year when I filled or the previous year. I worked for a company from February 2011 until August 2011, I was never issued an IRP5 or any payslip. ...

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Out-of-pocket dependent medical payments

Posted 20 July 2015

If I am a dependant on my husbands medical aid, but pay my own out-of-pocket (not covered by medical aid) expenses, can I claim this on my tax and where do I do that?

Rental Income Tax

Posted 20 July 2015

Hello. I would like to know how to calculate my tax if renting out a property I own?

Would this be added as a lump sum at the end of the tax year or would this need to be included in my salary on monthly basis?

When will rebate money show on my statement?

Posted 20 July 2015

I receieved my ITA34 notice on the 10/07/2015 and a statement from SARS on 16/07/2015. How long does it normally take to refund money showed to me on the statement?

Benefits for tax directive

Posted 20 July 2015

I am a commissioner earner and received a tax directive for 18% from SARS for the 2015 tax year. What benefits are there to having a tax directive? Will I have to pay back on my tax return or will SARS calculate my tax at 18% according the tax directive?

Will I get my refund soon?

Posted 20 July 2015

I send my tax consultant my documents for review which he has submitted. After a week or so I see there is an ITSA Statement of account. Does this mean that the audit has been done and that my refund is due soon?

Want to know if I can claim my late father's tax return (PAYE)

Posted 20 July 2015

My question is I see on my late Dad's payslip he has been paying PAYE of R52.31 a week. So I wanted to know if the tax PAYE can be claimed?

Trustee income disclosure

Posted 20 July 2015

Where do you disclose income earned by a trustee from a trust on your ITR12?

What is a tax return?

Posted 20 July 2015

What is a tax return?

Changed jobs and paid too much tax - can I claim it back?

Posted 20 July 2015

I had a low income job for 11 months of the year. My yearly income would have been under the threshold, so I never paid any tax. I am not sure if my employer registered me, but I never received any tax documents or tax number. In February 2015 I started a new job with a higher salary. My yearly salary now puts me above the threshold and my new employer registered me and I've been paying tax since Feb. But since I only did this job for 1 month of the last tax year, my yearly income for 2014/2015 tax year remains under the threshold of R70 700. ...

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What does it mean by Enforcement Case?

Posted 20 July 2015

What does it mean when you see on your SARS eFiling - Enforcement Case Number*****
What is mean by Enforcement Case?

My friend received the following, just interested to know what it means.

How long before refund?

Posted 20 July 2015

My tax practitioner did my IRP5. I must get a refund of 3115 Rand. I have no outstanding funds that I owe money for SARS. I wait 8 days. I get nothing, no response.
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