Audit - what does it mean?

  Written by Marc   Posted 18 November 2014

I have submitted my tax return on eFiling and I was selected for an audit, now I see there's a notice stating statement of account tax assessed. Does that mean my audit is completed? If so how long does it take for pay out?

Great website, very informative....

Reistoelaag kodes 3701 & 3702 verskil

  Written by Marc   Posted 18 November 2014

Hallo. Wat is die verskil tussen die reistoelaag kode 3701 & 3702 en wat is die impak daarvan?

Capital Gain Tax for Private Vehicles Used for Business?

  Written by Marc   Posted 18 November 2014

I have a private vehicle which I use for business purposes.
I receive a travel allowance and also claim deductions on my return, based on the business mileage I do on the vehicle.

If I sell this vehicle, would I calculate capital gain/loss on the sale of the asset to input in my tax return?

Query for Tax Tim Website - want to know what documents to bring along to the internet store before.

  Written by Marc   Posted 18 November 2014

What documents do I need when asking tim to complete my SARS tax form? IRP5 and anything else ?

How is the income from my discretionary savings taxed, in retirement, e.g. I invest the discretionar

  Written by Marc   Posted 18 November 2014

I am about to retire at age 60 years, with two main streams of income, i.e. proceeds from Provident Fund and retirement annuities which I plan on putting in a Living Annuity and discretionary(after tax) saving proceeds. I understand the income from the living annuity will be taxed at PAYE rates. How is the income from my discretionary savings taxed, in retirement, e.g. I invest the discretionary savings in unit trusts and take an annual income from that which I place in my Money Market account t...

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If a educational service is rendenderd can I claim depreciation on laptop and other expenses?

  Written by Marc   Posted 18 November 2014

I rendered services to a home schooling business by draw up exam papers for them and receives the money by electronic payment. No tax is deducted by them because I am not on their payroll. Can I deduct depreciation on my computer. Can I claim any other expenses like internet service, printing. Can I claim a home office?

Uncertain as to whether I should be completing a tax return.

  Written by Marc   Posted 18 November 2014

I have been working on contract for various companies during the last tax year March 2013 to December 2013. I only starting working for the Department of Justice on 6th January 2014. I have received a IRP5 form from the Dept and nothing previously but I am registered as a taxpayer. How do I go about completing my return?

Passport information deleted from eFiling ITR12

  Written by Marc   Posted 18 November 2014

I have been registered on eFiling since 2012 and have submitted without problems in the past 2 years. This year my passport information has vanished from my ITR12, but is still correctly captured in my profile details. I cannot manually enter this info (grey fields, don't allow for input). I contacted the SARS call centre and the agent said I must go into a branch and bring passport, certified copy, proof of residence and 3 months bank statements. This seems excessive to me - especially because all my info on the system is correct....

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What is I dont claim the kilometres travelled but I have a travel allowance?

  Written by Marc   Posted 18 November 2014

what if I have travel allowance and I don't claim the kilometres I traveled?

Do you do registration of taxpayer or must taxpayer do that themselves?

  Written by Marc   Posted 18 November 2014

Do you do registration of taxpayer or must taxpayer do that themselves?

Incorrect Submission

  Written by Marc   Posted 18 November 2014

I Submitted my returns through Tax Tim and upon completing, I was advised by SARS that I had a refund of R11,123.67. Unfortunatly, I realised I had submitted incorrect amounts, in my submission. I requested a correction on the SARS website and resubmitted the correct amounts. I am subsequently by informed I now owe SARS R11123.67. Please advise

Applying Online for a tax number?

  Written by Marc   Posted 18 November 2014

Can I apply as a taxpayer online?

Can I claim back any of the tax I pay on my house now that I work from home?

  Written by Marc   Posted 18 November 2014

I have recently changed jobs and now I telecommute... that is, I work from my home in Cape Town even though the company I work for is based in Johannesburg. I am using my own office space, as well as my own internet connection for work purposes (though I get a modest monthly allowance for internet usage). Am I able to claim back any of the municipal rates and taxes that I pay on my home now that I am using it as my place of work?

Income tax on salary from a non- profit organisation in USA

  Written by Marc   Posted 18 November 2014

I"m working for a non-profit organisation in America. How does the income tax work?

Codes 4250 and 4251 do not appear on the form. What do I do?

  Written by Marc   Posted 18 November 2014

I have been populating my eFiling Tax Return Form and cant find/create two Codes for Capital Gain: 4250 and Capital Loss: 4251. They are not on the eForm.
How do I create this?

What should my per annum salary be to pay taxes?

  Written by Marc   Posted 18 November 2014

How much do I need to earn in order to pay tax?

Cruise ship salary - is it taxable?

  Written by Marc   Posted 18 November 2014

I work for a cruise ship company and receive a monthly salary. I have been outside of SA for over 183 days and 60 days consecutively. I do not get an IRP5 from them. I understand that I will be exempt from taxes under s10 (1)(o). I am however uncertain where to document this in my ITR12. Do I document the entire amount under "amounts considered non taxable" under the heading exempt amount? Or do I work out the exempt amount according to the number of days I was abroad? The form also has a sectio...

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Am still a student, so can I get a tax reference number?

  Written by Marc   Posted 17 November 2014

Am still a student doing grade 12, so I was looking for part-timejob at Shoprite, they said they want reference tax number how can I get it.

Mistake on my tax return and I wish to fix it?

  Written by Marc   Posted 17 November 2014

I have filed my return via eFiling only to see afterwards I made a mistake , how can I correct it? Can I request a new return? The mistake I made was to not include my medical aid contributions for the whole tax year.

What is the - sign for on my ITA34?

  Written by Marc   Posted 17 November 2014

when an assessment is done and I get a refund amount with a - sign what does it mean e.g refund amount -R 300.00

Refund expectation from SARS?

  Written by Marc   Posted 17 November 2014

I have a question related to your entry: "What?%u20AC%u2122s the delay with getting my SARS Refund?". I have received my completion letter, so I am done with stage 1. I just wanted to know: Have you had any luck in expediting some refunds at this stage? Would it benefit me to go to a SARS office to try and spur the process on?

Thanks for your help!

Was unemployed for the year but paid medical aid and received local interest, can't file return?

  Written by Marc   Posted 17 November 2014

I don't live in South Africa anymore but I did contribute to a medical aid last year for 5 months. Plus I have an investment that has earned interest. I never earned any other income in South Africa, only in the country that I live in now. If I want to file my tax return I would only need to fill in the medical aid contributions and my local interest. On the first page of my tax return it does not allow me to create a form where both medical aid contributions and local interest appears. If ...

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Can I claim back tax from contributing a monthly amount to a parent?

  Written by Marc   Posted 17 November 2014

I make a monthly contribution to my mother as she is a pensioner. Would I be able to claim back on this tax?

Do I owe tax for the 2014 tax year?

  Written by Marc   Posted 17 November 2014

I'm I owe tax?

Medical aid query when employer pays half and you pay the other half

  Written by Marc   Posted 17 November 2014

Hi I would like to know how I complete the medical aid part because I pay half of my medical aid and my employer pays the other half
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