How can SARS assess me as being R80,900 in arrears when I pay PAYE each month?

Posted 8 August 2013

SARS sent me an SMS saying I have R80,900 in tax arrears. Although I'm registered as a provisional taxpayer, I also paid PAYE through my employer of R39,010.89, and then an additional payment of R44,000.00 three months ago (as am married in C.O.P. and my wife has an annuity income). Can you advise me how to go about finding out why they say I owe so much? I'm freaked out as I simply can't pay.

Will SARS pay interest for their delay? When will I get my money?

Posted 8 August 2013

Hi Tim, I submitted my IRP5 and supporting documents on the 11th July 2013. They told me it will take 21 working days for me to get my money but I have not received anything yet. Will SARS pay interest to me for their delay? When will I get my money?

What is the simplest way to apply for a tax number if you have never applied for it before?

Posted 8 August 2013

I am trying to apply for a job and on the application form they ask for my tax number and I do not have one at the moment, how can I apply for a tax number?

SMS says "Amount due by you"

Posted 8 August 2013

What does it mean if you receive an SMS from SARS saying "Amount due by you"?

Recieve SMS due by you

Posted 8 August 2013

I received an SMS saying "due by you".

Funeral policies and back loans

Posted 7 August 2013

Hello Tim

I work on a commission basis as a hairstylist and I am currently paying various funeral policies. I also have a loan at the bank and a credit card. Am I allowed to claim for tax on those payments?

Procedure to be followed to submit overdue Business tax returns

Posted 7 August 2013

What should I do to capture my business tax returns that are outstanding since 2006?

Employers medical aid contibution for over 65's

Posted 7 August 2013

Hi

How does an employer handle:-

1. Employers medical aid contribution made for an employee over 65? It is no longer a fringe benefit.
2. Employer pays both employer and employee contribution with no deduction from employee.

Many thanks.

Home Office Claims (Total Cost Calculation) Code 4028

Posted 7 August 2013

If I qualify to claim Home Office (Code 4028) expenses and I want to claim this, what is applicable? Note that I own the house and I have the square meters of both my office and my house. My office adheres to the criteria. My question is related to the claim amount.

Tax specifies: A- the area in m2 of the area specifically equipped and used regularly and exclusively for trade divided by B- the total area in m2 of the residence (including any outbuildings and the area used for trade in the residence) multiply by Total Costs the costs incurred in the acquisition and upkeep of the property (excluding expenses of a capital nature)....

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More or less how long will it take before I get my refund

Posted 7 August 2013

Hi

I have submitted my supporting documents to SARS on Friday and my current SARS status says "AVS verification with AVS bank verification pass". It is now Wednesday, I have not changed my banking details so all is well, how long will it take before I get my refund paid back?

Do I still pay in when I received SMS from SARS saying they owe me after last return?

Posted 7 August 2013

Hi! Your website is very informative. I was requested to submit outstanding returns for last 5 yrs via telephone.
I however updated the returns and then was asked to pay a penalty of R12500. A few weeks later I received an ITSA- statement of account stating I owe R50 404-00. I however settled the amount as my wife received disability from her insurance. The collection department stated that I still owe them the penalty of R12500. The ITSA only reflects interest on late payment and no pen...

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Referral for audit taking ages - can I speed it up?

Posted 7 August 2013

I submitted my return and supporting documentation and I received notice on e filing that my return is referred for audit. I called SARS and they advised that the turnaround time can be anywhere from 3 to 12 months for an audit to occur. They advised that all refunds over R10 000 go for audit. Because I work on commission and claim expenses my refunds are always greater that R10 000, but never takes more than about 2 - 3 weeks.

Is there any way I can speed the audit process up for th...

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Do psychologists fall under medical expenses?

Posted 7 August 2013

Can I include a claim for psychologist fees (as a medical expense) if not covered by my medical aid?

How long to resolve a SARS case for a delayed refund?

Posted 7 August 2013

In April this year we found out that our tax returns for 2010 and 2011 were never submitted by my company, so I did it ASAP. With the new tax return for 2012 we owed SARS money and they told us to pay it and we did. In May we found out that there was a penalty of R1250 so we paid that as well. So now we have made two payments to SARS and still no refund. When I call them they said I need to bring the deposit slips and I did and they said it will be any time in may that the return will be paid out. We are now in August and still no refund has been paid out. ...

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Car Insurance and Tracker

Posted 7 August 2013

Hi Tim

Can I claim for insurance and Tracker on my vehicle that is used for part-work and part-personal use?

I am unable to fill in your questions due to different source codes numbers

Posted 7 August 2013

None of these source codes is available on my IRP5. I have no 4007, 4006 or 4018 codes on my form..

What is my tax number please?

Posted 7 August 2013

Can you please check my tax number? My ID number is xxxxxxxxxx.

Provident Withdrawal Tax

Posted 7 August 2013

I have a Provident fund with my Employer. They contribute 5% (which is tax deductible) and I contribute 5% (which is not tax deductible).My question is: when I resign and withdraw the funds, is the employee portion paid out tax free (as I already paid tax on it every month)? Or does it add to the withdrawal benefit scale (i.e. first R22,500 free, then 18%, etc.)

What proof to submit to SARS for depreciation on a vehicle?

Posted 6 August 2013

I can't find the invoice for my car which I purchased new and paid for in cash in 2010. What proof would I need to submit to SARS instead to claim depreciation on this vehicle? (I work mainly for commission and I use my car mainly for business purposes).

What is better for tax - a company or partnership?

Posted 6 August 2013

Considering a business with a taxable income of R200000. Will it be best to keep it as a partnership or register it as a company? The company is a normal company and not a small business corporation since one of the directors is also involved in another company. At what income will it be better to switch over to a company instead of partnership when it comes to taxation?

Two digit country code?

Posted 6 August 2013

On efiling it keeps asking for a two digit "country code" & I can't complete the return without it... What is the country code for South Africa?

Declaring Withholding Tax on Local Dividends

Posted 6 August 2013

I have received my It3(b) certificates from the various investment companies I deal with. 3 of them show how much the withholding tax on my local dividends was, 1 (from a stock broker) does not. How do I declare the dividends on the ITR12? Do I need to enter the gross amount before withholding tax and then indicate that withholding tax was deducted? Or will SARS assume that withholding tax has been deducted? Basically I just need to know if there is a certain section of the form that allows me ...

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Can a 17 year old apply for a tax number?

Posted 6 August 2013

Can a 17 year old apply for a tax number? Don't I have to be over 18 to qualify to get one?

Account balance due by you, what does this mean?

Posted 6 August 2013

I submitted my IRP5 on Friday and received an SMS saying "thank you for filing your 2013 tax return, account balance: R2120 due by you, please refer to your mail". What does this mean? I haven't received my money yet, what can I do?

What is AVS?

Posted 5 August 2013

Hi Tim,

I submitted some outstanding documents on the 01-08-2013 for audit and verification. Today 05-08-2013 when I check there is a msg that says AVS Bank with AVS verification pass 05082013.

What does this mean?
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