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Latest Posts in Tax Q&A

If I was been taxed from April 2011 can I get that money back

  Written by Marc  

if I was been taxed from April 2011 To april 2013 can I get that money back. Because addressed this point to our manger and asked why is a stipand getting taxed its not a salary So from this year our payslips are just showing the amount we getting as caregivers

Working for 4 years, never registered, whats required and will there be penalties?

  Written by Marc  

I have been working since 2011, and have never registered as a taxpayer. What will I need to register and will there be penalties incurred?

tax number please?

  Written by Marc  

I would like to know how can I get my tax number on line. I'm need of it I forgot my tax number I'm so desperate can you help me?

Refund/no refund or less refund for previous years returns.

  Written by Marc  

Hi TimThank you very much for the awesome job you are doing.I would like to know;what happens when someone hasn't submitted to SARS for about 5-7yrs? *Incorrect submission or not submitting at all*.Does the person get the refunds of other years when he/she eventually submits or get penalties that leads to no refund at all or less refund? Regards,LMM

Compliments all round for TaxTim

  Written by Marc  

Hi TaxTim,

I do not have any questions for you, but would like to let you know that you have done a stellar job with informing the public and being relevant and current in your info-sharing. Your accessibility makes you a head above the rest in terms of this kind of service offering.

I have been checking my queries against the queries logged onto your site, and the info has been spot on! As a result, my tax return experience has been pleasant thanks to you.

Keep ...



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How soon can I get my refund after audit completion?

  Written by Marc  

I received a verification letter from SARS and I called the call centre. They said my audit has been completed and I was told that my refund will take 21 working days and it might be selected for another audit. How true is this statement? Please assist Tim, 21 more days is a long way to go.

How to update details from India?

  Written by Marc  

Hi
I already paid tax in this assessment(2013-2014) through my employer but I just want to fill my returns. Porblem is that last to last month I went back to India and I did not give my bank details to SARS so can you please advise me how to resolve all those things from India?

can I get sars money

  Written by Marc  

I received UIF so can I claim SARS money also?

Selected for Verification Twice

  Written by Marc  

I submitted my return on the 05/07/2014. I was selected for verification, and I uploaded my IRP5 and medical certificate on eFiling. I also went into the branch to validate my banking details and proof of address. I received a letter of completion on the 22/07/2014, and then a letter for change of banking details on the 23/04/2014. I phoned the contact centre and told them that I had already been into a branch to validate my banking details, and they told me to update my banking details on eFiling, which I did. ...



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CGT Calculation for non resident?

  Written by Marc  

CGT
I inherited shares in a 3 private companies at a total value of R650,000.00 in 2003.
I intend selling all the shares at a total price of R2,500,000.00.
I would thus make a capital profit of R1,850,000.00
I am a non resident of South Africa and a citizen of and tax resident of Australia.
I pay taxes in South Africa on dividend and interest at a tax rate of 18%.
What would my CGT liability be.

Can I claim back petrol, whist been paid a monthly travel allowance?

  Written by Marc  

I receive a Travel allowance of R2000.00pm. on top of my salary.
My question is can I still claim for petrol back on my travels?
My reason is that my understanding of a travel allowance is as follows

Travel allowance - is any allowance paid or advance granted by the employer to the employee for the use of his or her private motor vehicle for the employer?%u20AC%u2122s business purposes.

After how long can I appeal an ITA34?

  Written by Marc  

In doing my current years efiling (2014), I detected an error on my 2012 ITA34. Can I still appeal this ITA34 or is it too late?

Tax directive - what`s that?

  Written by Marc  

What is a tax directive?

How to obtain 2013 SARS assessment from E-filing

  Written by Marc  

I submitted my tax return via SARS eFiling. I now want to retrieve my 2013 report, how do I do this?

Is the red minus due to or due by?

  Written by Marc  

I have done my return and I have a total with a minus sign in red is it due to me or by me?

Need my income tax number?

  Written by Marc  

I forgot my tax number

Tax responsibilities following resignation?

  Written by Marc  

I would like to find out how my SARS tax returns will work for the 2015 tax year.

I resigned from my employer of 10 years at the end of January 2014 to start my own business from home.

What are the implications and my responsibilities to SARS from this point on? I am technically unemployed with low annual income currently.

My business is home-based. I have no other means of income. My husband is currently employed full time. We are married in community of proper...



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Nedbank IT3(b) on my ITR12?

  Written by Marc  

Hi, Nedbank has posted me my IT3(b) Form and I see it has changed from last year, they now have an amount under 'Net Amount Accrued' which is added to the 'Net Amount Paid' to give total 'Interest' earned. My question is : What amount do I have to declare to SARS, is it the Net Amount Paid (which is what Nedbank has actually paid to me in the tax year ending 28/02/2014 or do I have to declare the total Interest which includes the 'Net Amount Accrued' that Nedbank has not paid tome yet.

Letter of Completion when will I receive my refund?

  Written by Marc  

I submitted my Tax return and was then asked for supporting documents, which I have submitted, I then got a completion letter a week ago, Do you know how long it will take for me to receive my refund?

Verification of assessment?

  Written by Marc  

We received a letter from SARS to say we need to hand in supporting documents we did this the next day and I received a letter from SARS a week later that says verification of assessment and they said no adjustments have been made does this mean that everything is OK and that we will get the money paid out to us?

My tax refund, have not received it yet?

  Written by Marc  

I submitted my documents on monday 21-07-2014,but I haven't got my refund yet its 2days already

When can I expect payment after audit has been finalized?

  Written by Marc  

Good day. Thanks for all your great advice. my question is I have submitted my tax return via eFiling. then received my IT34. after that I was asked to submit supporting documents which I have done. I have received the second IT34. when I phoned to find out why payment wasn't made as yet I was told it has been send for clearance? They own my R11000.00. When can I expect payment as they say my audit has been finalized?

Working for a boss and using your salary to fund your own private company

  Written by Marc  

I am permanently employed at a company and receive a monthly salary, which I would like to use to fund my own business which is a registered pty ltd.

At present all my business expenses are coming off my personal account, but I would like to pay them from my business account, which means having to transfer of my salary into my business account.

What are the tax implications and what would you advise I do?

Must you in person hand in your IT77 form and supporting documents?

  Written by Marc  

When a person has been sequestrated and have to apply for a new tax number for his/her new estate, and completed a IT77 form and have all the the documents required attached, must he/she take it to SARS themselves or can a other person hand it in for them? I have phoned the call centre at SARS and they said the person have to bring it themselves and have to sit and wait for a consultant at SARS to capture it and issue immediately the new tax number. An they have to bring their original ID as wel...



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Whats the take home after deductions on a 50k monthly salary?

  Written by Marc  

What is the nett take home salary on a 50k per month CTC package?
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