Amending the SARS assessment date?

Posted 7 October 2014

Hello Tim,

SARS' records show that my assessment month or fin year end is Feb. My previous accountant used the financial year end date reflected on my CIPRO company registration for compiling my IFS which is Mar. She then submitted records for until 31Mar. I'm now in the process of submitting my returns for this period and would like to align SARS records with my previous accountant's submission; that is change the assessment date from Feb to Mar.

How do I go about this and what are the possible implication? ...

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I am a model and I never got a job in the 2013 financial year but only in 2014.

Posted 7 October 2014

I accidentally clicked "request return" for 2013 on the efiling site. I earned no income that year. Will that affectmy refund that is due to me for a return that I filed for 2014? The efiling status is "Assessment received" and the SARS status is "Return-Data submitted to ITS". Do I need to file the (accidentally) requested 2013 return even though I was not working?

What is provisional tax?

Posted 6 October 2014

What is provisional tax?

Who must pay PAYE tax ? Do u pay both ( PAYE and UIF) ?

Posted 3 October 2014

This thing of ( PAYE ) it's confusing me really. Who must pay this TAX. In my case am getting my salary on cash @ work and my boss is deducting that money ( PAYE) plus UIF. My second question is do I need to pay them (taxes UIF and PAYE) both? Am 24 years.

Correct tax deduction per month?

Posted 2 October 2014

If my basic is R28000.00 per month how much tax do I pay per month?

Do casual workers pay tax?

Posted 2 October 2014

I am very concerned about this tax thinga.I am working as a casual in one if the Retailers in SA.I am earning basic salary of R650 plus commion - R2500 a week,but what I have noticed is I am taxed R220 per week. Is it fair as a casual worker to be taxed?

Unemployed but paying medical aid contributions. Tax implications?

Posted 1 October 2014

Hi Tim. I worked for 2 months in the 2014 YOA. I then left work upon the birth of my child. I am the principal member of our family's medical aid (myself, husband and child) and the contributions are paid from my bank account. Since I left work, my husband transfers money into my bank account for the payment of the medical aid. Do I claim this on my tax return even though I am not employed? Should my husband claim it even if the policy is not in his name? I did have income this year so if I clai...

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What can I do to get tax number?

Posted 1 October 2014

How to find my tax number. I don't receive IRP5 and I am a permanent employee.

Are independent contractors buisness or individual taxpayers

Posted 30 September 2014

I am registered as an independent contractor code 3616, do I fill my ITR12 as an individual or as business. I pay wages to my two employees but don't know how fill it out on the form.

Tax Implications Of a Cash Gift/Loan Between Family Members

Posted 30 September 2014

My wife received a R250K cash gift (or loan) from her mother on the condition that it should be repaid if the mother needs it back - otherwise it is to form part of her inheritance.Is there any tax implication to this besides my wife declaring the interest earned on this amount as taxable income on her returns?

Received a verification email from SARS - what does it mean?

Posted 29 September 2014

I have received a statement of account but I have been selected for verification, how long does this process take?
i submitted supporting documents on the day my tax was submitted via e filing.

it is a rather simple return though as its only my salary and medical aid contributions that come into play.

Penalty Assessment Notice

Posted 29 September 2014

I received a penalty assessment notice from SARS after not filing my returns for the last year. While working for a salary, I have been earning cash deposits of less than R10,000 on small freelance jobs, what is the best thing to do at this point?

Do I qualify for medical tax credit?

Posted 28 September 2014

My medical aid contribution is R3500 each month for my husband and I. I filled this in next to source code 4040 on the eFiling form but when I save and ask to ' calculate tax' then the source code 4008 medical expenses (total) shows 0.... How does this work, am I doing something wrong or do I not qualify for the medical tax credit??

How to claim professional fees on my ITR12?

Posted 28 September 2014

I work for commission and want to claim back the professional fees I paid during the last tax season. Next to which source code do I fill this in or in what section on the efiling form.

Is diabetes considered a handicap for medical deductions?

Posted 26 September 2014

Is diabetes considered a handicap for medical deductions?

How much tax will be deducted from my lumpsum payout.

Posted 25 September 2014

My resignation benefit is R265341,how much of this will I get out after tax has been deducted?

After retirement did consulting work then started working again

Posted 25 September 2014

After retirement I was paid as a consultant and started working again in Oct 2014. Do I have to declare the consulting fees I received before I started working again in Oct 2013?

I need to renew my TCC with SARS.

Posted 25 September 2014

how do I renew tax clearance certificate

If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income t

Posted 23 September 2014

If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income tax on it?If yes;If your spouse is in a lower tax bracket than you, would you donate money to him / her annually? Then the spouse will be taxed on the donation at lower rate than what you would be taxed at?

Medical expenses for spouse

Posted 23 September 2014

Regarding medical expenses. I'm the primary member and pay for the medical aid and so I put the relevant info and dependents on my return. My wife encountered some individual medical expenses of her own (not claimed from medical aid).
1. Can she put her expenses in her own return under code 4020?
2. What if I paid some of the accounts on her behalf - does it matter?

Is there a tax on bringing large amounts of cash in from offshore account?

Posted 23 September 2014

My brother has been working on the ships for a while, and wants to transfer about R1mil to his South African account to buy property in Cape Town.

The money is currently in an account in the Cayman Islands.

Everything I have read indicated allowances and limits taking money out of South Africa. Are there any tax implications bringing money in?

Why is SARS taking so long to make my payment?

Posted 23 September 2014

I have submitted all my documents at SARS for my tax returns ...in July...they send me a notification I will receive a payment of R964....the 1 September 2014...another date 30 September 2014...i haven't received any payment yet...i want to know why is it taking so long for SARS to make the payment

Do I need to submit my returns manually to SARS office as well?

Posted 23 September 2014

Is it necessary for me to submit my returns manually to SARS office , since I have complected my returns online?

Can my wife claim our expenses out of pocket, if the medical aid is in my name?

Posted 22 September 2014

Good day

Thank for a great site.
I am a public servant and belong to a medical aid. Me and my work contribute to my medical aid on which my wife and children is dependents. My tax certificate from my medical aid is in my name and shows an amount paid out of pocked not paid by medical aid. May my wife claim this amount on her tax return? She earns less than me and will most probably fall over the 7.5%, which means that she will get some of our expenses back?

Most of the...

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Obtaining a tax directive from SARS - how long does it take?

Posted 22 September 2014

My name is Cobus. How long does it take GepF to get a tax directive from SARS
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