Can you process a SARS Tax Number for me?
Posted 22 November 2014
I need to have Tax Number from SARS. Can you process that for me?
Implications for permanent residence application if non-res performs work outside SA for SA employer
Posted 22 November 2014
Hi Tim,I am responding to your answer to a question: https://www.taxtim.com/blog/how-do-i-know-if-i-am-a-tax-resident-of-south-africa#comment-1301I don't seem to be able to respond within the thread.I am in a similar position - also a UK national on a local contract since April 2012 (first two years on an intra-company transfer visa, now on a general work permit) and it looks like I might have to work on projects outside SA.If I do this and reduce my tax liability, what does this do to my a...
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Treatmnet of taxable earnings refunded in clawback of maternity leave
Posted 21 November 2014
My question is around the treatment of the tax on maternity leave that is clawed back. Our company pays 4 months full pay while an employee is on maternity leave,but there is a clawback should the employee resign within 12 months of returning from maternity leave.
We calculate the clawback on a gross salary plus allowances and any benefit payments, eg: Basic pay, plus travel allowance, plus company paid medical aid, plus company paid provident fund, and deduct the sum of these from any outstanding money due to the employee. We deduct the total due as an advance and credit the cost centre accordingly....
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How to claim Motorcar expenses
Posted 21 November 2014
I am self employed (Handyman) and use my car to get to the places of business. I keep a log of km traveled for business. SARS informs me I am NOT allowed to claim any expenses with respect to my motor vehicle. Is that true? If not how to go about it?
Claim full loan premium vs only interest paid
Posted 21 November 2014
For investment properties, how do I declare the full debit order amount as a loss, instead of only the interest paid on the loan?
Previous company did not forward IRP5 , now I am being penalized.
Posted 21 November 2014
I really hope that you can help me. I have incurred a penalty because my previous employer did not forward my IRP5 for this passed financial year and therefore I did not file for that job's IRP5. Is there anyway that I can resubmit with the additional form? I was owed a rebate but now with the penalty, that is no more, and also if it is possible to resubmit, will a once again receive a rebate?
I really hope that there is a way to rectify this.
I need my tax reference number please?
Posted 21 November 2014
i dont know my tax id number can you send it to me please
Debit Loan Accounts & DWT
Posted 21 November 2014
I'm the sole member of a CC & have a debit loan account amount of approx R200,000 for the 2014 tax year.I believe that this raises certain DWT issues etc and was wondering if the CC charges me market related interest on this amount for the year & adds this amount to my loan account, would this solve my problem & not have to declare a dividend to balance the loan?If also heard that if the deemed dividend rule (DWT) will not apply if the loan is repaid or otherwise extinguished by...
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What is meant by "reduced assessment" and "additional assessment" in my ITA34?
Posted 21 November 2014
Hi TaxTim.
What is meant by "REDUCED ASSESSMENT" and "ADDITIONAL ASSESSMENT" in my IT34?
Thanks in advance.
Confused by SARS eFiling
Posted 21 November 2014
I did not submit a return last year as I had no income. I want to submit my current return, but I have no idea how to sort last year out....
Submission extension with SARS?
Posted 21 November 2014
how do I apply for a tax extension?
When to receive money on my account from SARS?
Posted 21 November 2014
When does the money appear in my bank account, after submitting my tax return (individual)
Started late in the year - when do I file and will I receive a refund?
Posted 21 November 2014
I started working at a company in August of this year (2014).My gross annual salary is R360,000/year.Since I am paying taxes based on a full 12-month cycle but would only have worked 7 months by End of March 2015, when do I need to file my first tax return and would I be eligible for a refund?Many thanks,Gideon
Do students doing internship pay tax and also earning less than R5000?
Posted 21 November 2014
I have been paying tax since I was a house committee at the university getting less than R500 then I became student assistant and got paid less than R4000 and still paid tax now i'll be doing my internship and will be getting around R5000 I want to know how much does one has to earn to pay tax because someone told me it has to be more than R5000?
Net Capital of Business for Sole Proprietors?
Posted 21 November 2014
I'm a Sole Proprietor.Under "Statement of Local Assets and Liabilities" there is a field "Net Capital of Business, Trade, Profession or Farming"I've already filled in all Profit and Loss under the section of "Local Business, Trade and Professional Income (incl. Rental Income)Do I just fill in the result (of Profit and Loss) again under "Net Capital of Business, Trade, Profession or Farming"?
should I do a tax form.
Posted 21 November 2014
I've worked in the DRC up to June 2013. Then I was put on pension. I was unemployed up to April 2014. I was not sure whether I still have to do my tax certificate. Thanks
Am I deducted or refunded?
Posted 21 November 2014
I am from the SARS for the first time in my life to submit my tax returns, I have received a sms Amount -R1459.79 does this mean its penalty or its an amount I receive on my bank?
Business parking fees
Posted 21 November 2014
Where in eFiling do you log business parking fees?
(If your business is in a business park)
What does "Return - Data Submitted to ITS" mean?
Posted 21 November 2014
Hi, my SARS status says "Return - Data Submitted To ITS" and has not changed since I submitted my assessment on 2014/09/07.
No one has asked for any documents or anything else, and I have not gotten any sms's from SARS as yet.
I did make a change to my assessment yesterday but reverted the change and saved again so the table with the Return Type, status, date, etc shows two records. One with a status of "Filed through eFiling" and the other with "Saved".
What doe...
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Do I need to include my pdf certificates?
Posted 21 November 2014
Do I need to include my IRP5 certificate, Momentum and medical aid tax forms with my return?
May I submit IRP5 2011-2013 through TaxTim?
Posted 21 November 2014
I have submitted a tax return for 2014 through TaxTim. I have outstanding IRP5 for 2013-2011 can I also submit them through TaxTim?
Medical Aid on ITR12?
Posted 21 November 2014
Where on my TaxTim submission do I enter the medical aid amount I have paid?
VAT REFUND - WHEN WILL IT BE PAID?
Posted 21 November 2014
HI I HAD FILLED MY VAT REFUND AND THEREAFTER REALISED THAT IT WAS IN CORRECT AFTER I HAD FILLED MY CORRECTION IT ADVISED ME THAT MY REFUND VERIFICATION WAS COMPLETE DOES THIS MEAN I DONT NEED TO SUBMIT SUPPORTING DOCUMENTS. AS THE GREENLIGHT HAS REFLECTED?
What is my eFiling login name and password?
Posted 21 November 2014
I want to do eFiling and I forgot my login name and password. I tried to reset both login name and password but to no avail.
What does minus mean on my tax return results?
Posted 21 November 2014
If assessment notice has a negative in front of the amount stated, does that mean you owe SARS?
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