My IRP5 is incorrect - can I edit it myself on eFiling?
Posted 17 March 2022
SARS code 3601 on my IRP5 is incorrect - my employer is saying I received more than I actually got paid. My salary on my IRP5 (source code 3601) is R100 000, I then got deducted R25 000 PAYE, but when I actually got paid I only received R49 000 into my bank account. There are no other deductions on the IRP5.
Can I modify it myself on SARS e-filing? This was a once-off payment for work done, but it now seems that my employer underpaid the actual salary.
Why was my tax refund reversed by SARS?
Posted 17 March 2022
I have not received my tax refund and it is the 18th of the month. My tax return was submitted on the the 3rd of this month.
Do I need to wait for SARS confirmation for provisional tax return?
Posted 16 March 2022
I have successfully filed my provisional tax return for 2022 and would like to know if I need to wait for SARS to approve the amount or do I go ahead and pay the amount stated through the eFiling site?
Money owed to SARS
Posted 15 March 2022
I want to understand why I am owing SARS and how to pay the money to SARS?
Tax for a Personal Service Provider
Posted 10 March 2022
Hi Tax Tim,
I am a Personal Service Provider (PSP). My client withholds PAYE at 28% in the name of the PSP i.e in my company's name and not me personally, as an individual taxpayer. This concerns me because the PAYE tax credits sit in my company's name, but from an individual perspective I have not paid any tax on the salary I withdraw from my company.
The PAYE refund, if any, will be paid into my company. How do I show the tax on my salary in my individual tax return? If I...
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Freezing emigrants Retirement Annuities, how do I declare non-tax resident status?
Posted 10 February 2021
Hi TaxTim, please can I ask about emigration and Retirement Annuities (RA)?
The new South African tax regulation, effective March 1, regarding emigrants' RAs being frozen for 3 years after financially emigrating:
1. I was told the start of the 3 years is not from date of financially emigrating, but rather the declaration date of non-tax resident status, is this correct?
2. If so, how does one declare oneself a non-tax resident?
3. I may have already declared mysel...
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SARS discrepancy sms
Posted 5 August 2020
I got a sms from SARS reviewing discrepancies identified between 3rd party (TaxTim) and my last Income Tax tax return. Also they are advising me that I should ensure that the information is captured correctly. My information is captured by Sanlam and assume it is correct. Please advise what the discrepancy could be? And why do they mention the word "discrepancy"?
Why am I being auto-assessed on SARS eFiling?
Posted 22 July 2020
I received an auto-assessment from SARS. My husband did not receive the SMS but my friend also received an SMS saying she has been auto-assessed. Why have SARS introduced this new process? Why are there some being auto-assessed and not others?
What happens to previous late/incomplete tax returns after a penalty has been paid in full?
Posted 21 July 2020
I have been working abroad permanently for more than three years and I reside outside of South Africa. I have never fully understood the tax rules and see that I have some penalties (fines) for late/incomplete submissions. I do not have any way of receiving all information needed to submit old tax returns, so I want to know what will happen when I pay the penalties? Will it just start racking up again for the same infringements or will I have a clean slate to do things the right way going forwar...
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Individual Tax Consultation
Posted 18 June 2020
In January 2018 I stopped working as a full time employee and for the 2018/2019 tax year I did various things (including foreign travel and work) and earned different kinds of incomes. I did not register as a provisional taxpayer as at that stage I really did not know how the year was going to pan out and if I was going back into full time employment again. I would like to settle any tax I may owe for the 2018/2019 year, however with my different incomes, working out the country for more than 18...
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How to check available funds at SARS
Posted 28 May 2020
If you have never filed for a tax return before, how do you go about checking if there are funds owed to you at SARS? I would like to start filing my tax return for this year as I have been unemployed for a long period, but now I am back in the workforce.
Voluntary sequestration and eFiling profile
Posted 22 May 2020
I just had my voluntary sequestration of estate approved by the high court on the 24th of March 2020 and I now need a new tax number. SARS say I can do that through SARS eFiling and I would like to know how I can do this? The problem I have experienced with trying to register a new SARS eFiling profile is that after I input my name and ID number the system tells me to login with my existing profile number.
New company and tax forms
Posted 27 March 2020
I have a new consulting firm and I completed an IRP6 twice, for the two SARS documents, as provisional tax. Note that on the said form there is no provision for any deductions of expenses to set-up my company.
I am not sure what to do next.
Do I need to complete a ITR12 form?. If so, where can I get this form? Currently, it does not show on my SARS e-filing, only the two completed IRP6 form are indicated.
Foreign income with online forex trading
Posted 24 October 2019
How one would declare Income/Loss that is derived from online forex trading. The trading account is in USD so I assume foreign income.
1. Where would one declare this income/loss with TaxTim/eFiling tax return under foreign income?
2. Is it necessary to declare if only a loss was made?
3. Can withdrawal fees/currency exchange and bank fees be deducted from overall profit.
4. What documentation would SARS require? The only documentation that can be acquired from the trading platform is trading history showing profit/loss but no tax certificates. ...
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Old Tax Returns
Posted 13 September 2019
SARS owes me money from a tax return which I recently submitted with the help of TaxTim. They have come back to say that I need to file my old tax returns from the year 2016 and 2017, but I was not working during those two years and I also never filed any tax returns during those two years. I am not so sure about what should I do now regarding this matter?
I still have source code 3697 and 3698 on my IRP5 for 2018
Posted 23 October 2018
Question: Where can I input source code 3697 or 3698 from my IRP5? I do not see a place for this anywhere?
Answer: Those codes are no longer applicable for 2018 IRP5s, if you have 3697 and 3698, add them together and include that total amount for source code 3699.
Everything you need to know about Pay Periods on your IRP5
Posted 12 October 2018
What are Pay Periods?
Your IRP5 has two fields on it that relate to Pay Periods:
- Periods in year of assessment
- No. of periods worked
- Period employed from
- Period employed to
A Pay Period describes an amount of time within a year that you were employed by your employer.
This can be an amount in:
- DAYS - maximum 365, or 365.0000
- WEEKS - maximum 52, or 52.000 (can show a partial number, e.g...
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No time to go to SARS
Posted 20 July 2017
I cannot get the time to go to SARS, is there a service that you
offer to get my SARS eFilling account active and then also submitting my IRP5s?
E-filing query and TaxTim
Posted 18 July 2017
I am a provisional taxpayer and would like to make use of TaxTim. However I
am not registered with E-filing. Therefore, must I be registered with SARS
E-filing in order to be able to make use of TaxTim's services? Or can
TaxTim submit tax returns directly on my behalf (note I will pay any added
costs if necessary) to SARS?
Thank you,
Old 2009/2010 efiling returns
Posted 17 July 2017
SARS say they upgraded their system and have now seen i did not file a tax return in 2009,2010 and have fined me for each year. Both years i was under the threshold but they are insisting i file these returns. I do not have the IRP5 anymore and the company no longer exists. They advised that I open the return on efiling and can then submit as it should have all the info, I have done this but there is no earning/medical aid information etc.
How do i resolve this now as both returns are now sitting open on efiling and i am getting fined R250 per month now that i do not resubmit....
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Change of login details
Posted 14 July 2017
I'd like to change my email address as well as my password.
Registration Verification
Posted 14 July 2017
I've received this message each time I make the request: "The tax type cannot be moved because the registration of the holding taxpayer is awaiting registration verification".
View already submitted ITR12 on TaxTim
Posted 10 July 2017
Where can I find my SARS tax return I submitted for 2017 via Tax Tim to go and validate the info I captured?
Tax Clearance Certificate for business
Posted 7 July 2017
How do I obtain a tax clearance certificate for a business that has only been registered but have not received any income?
Medical Aid Expenses for previous tax years
Posted 6 July 2017
I was retrenched April 2014 but continued paying for my medical aid in my
personal capacity. I only claimed for out of pocket medical expenses and
not what I paid in my private capacity. I'm not sure If I could claim for
that and if I can now with 2017 submission claim for 2014 / 2015 medical
expenses.
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