Correspondence

Posted 28 October 2015

What does it mean "SARS has issued correspondence which needs your attention"?

What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?

Posted 28 October 2015

I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity?

How long does a payment dispute assessment take?

Posted 28 October 2015

I'm a seasonal worker I've submitted my tax returns in August, was suppose to receive my first payment on the 1st of October but it was reversed because my tax cert indicates I've worked for 4 months in 2015 tax year, SARS requested that I submit an affidavit and I did all of that but since then haven't received any correspondence from SARS.

How long is it going take for them to reverse back my money to me? Or should I be worried there's more issues coming?

Interest on bond payments

Posted 28 October 2015

Can I claim interest paid on a bond as an expense for an investment property where I receive rent. Will that differ for the interest paid on a bond for an empty stand (also investment) where no rent is received yet?

Haven't worked a full year, tax return?

Posted 28 October 2015

I have only begun being employed this year June 2015. Do I need to file a tax return?

Bank account verification

Posted 27 October 2015

Good Morning. My wife and I have moved to Namibia in March. I have closed my Standard Bank account, and are trying to get my wifes FNB account verified with SARS. They need a representative in South Africa to go in and do this. Can you assist. I asked my son in Cape Town to do it and he has all the paperwork etc. Kind regards,

SARS Threshold

Posted 26 October 2015

Hi Tim,

I have just received a notice of assessment from SARS yet again. What is the threshold before SARS actually audits you? I've heard its anything above R30k. Is this true?

4 months contract... Will I be taxed?

Posted 25 October 2015

I have been unemployed for a year, and will start a 4 month contract on Dec 2015 to end March 2016. Salary will be R11 000 gross. And intend to not work the rest of 2016. Will I have to pay tax if I am employed temporarily?

Got ITA34 but not received anything further

Posted 25 October 2015

I submitted my tax return through SARS eFiling about 2 months ago. And I got an ITA34 about an hour afterwards. And on it says I owe a negative value which I assume means that they need to pay me, and it says that I've not been selected for an audit, and there hasn't been any request for supporting documents. But it's been 2 months and I've heard nothing, nor have I received any payment?

Will I be taxed on reimbursive travel allowance code 3703 or audited if no log book?

Posted 25 October 2015

I did not have a travel allowance however we were reimbursed by our employer for travel (under 8000). My IRP5 states that I received R17909 for code 3703 (reimbursive travel allowance). This is a substantial figure & I am sure it also then includes funds that were paid to my company diner's card for airfare. Will I be taxed on this amount, or is it non-taxable income? As I was not receiving a travel allowance I did not keep a log book. Was I supposed to?

PROVIDENT FUNDS

Posted 25 October 2015

Why are 4003 deductions showing at zero FOR THE 2015 YOA?

Can PAYE, UIF and Provisional Tax be claimed on Income Tax Return (ITR14)?

Posted 22 October 2015

Hi TaxTim

I would like to now, can a Company claim PAYE, UIF and Provisional Tax on a Income Tax Return (ITR14)?

Thanks in advance.

Please help with supporting documentation.

Posted 22 October 2015

Can I submit my supporting documents to you? Or must I do it via eFiling?

The email from both SARS and you does not clearly indicate which documents to submit. Regards

This is my first time to submit my tax return

Posted 21 October 2015

I have never submitted a tax return before, will I be penalised for this

Are penalties incurred for late payment to the Municipality vatable?

Posted 21 October 2015

I would like to know whether late payment of license disks for company cars and the related fines and penalties are vatable, that is, can you claim input tax on the penalties and fines incurred to the traffic department?

Terminology between Verification and being audited?

Posted 21 October 2015

Hi there. Is there a big difference between verification and being audited?

Regards. Ulf-Dieter

Collect another person's printout of tax number

Posted 20 October 2015

Am I allowed to go collect printout of tax number for my sister? She has already register she wants it to apply for a job

ITR12 For January as Provisional Tax Payer

Posted 19 October 2015

I am currently running a business as a sole proprietor and have registered for provisional tax. I have already submitted 2 provisional tax returns for the 2015 tax year (IRP6). Now do I also need to submit a ITR12 for January?
Does TaxTim also help with this type of ITR12, and if so, is it any different from your standard ITR12?
How should I answer the initial TaxTim questions differently?

What is going on with my tax return

Posted 19 October 2015

I did my tax but since, I received nothing from SARS how can I found out what is going on.

How long does take to receive your refund after 30 days audit process is completed

Posted 19 October 2015

Hi My mother submitted her tax returns in August she was selected for an audit on her 2014 tax returns which the statement of account issued has 21 000 she submitted all her required docs but nothing has happened since then. And to make matters even worse she never received a letter stating she is selected for an audit. So how long does the audit process take and is there something we can do to speed up the process

Still waiting for my payout

Posted 19 October 2015

I returned my IRP5 forms early September 2015 but have not received the amount due to me. When do I get paid?

Cost of rental income tax seems too high

Posted 19 October 2015

I have declared rental income of a rental income profit of R17445. But SARS are telling me my rental income sent me into another tax bracket and I therefore owe R20308. This seems wrong to me - surely the extra income that is in the new tax bracket should be subject to more tax but I should never make a "loss" by earning more?

SARS bank details confirmation - Can it be done online?

Posted 19 October 2015

I need to confirm my bank account and residence for SARS, is there anyway I can do this online?

Changed jobs and used current IRP5 to file for tax

Posted 19 October 2015

Hi. I changed jobs last year having worked in the other job until August and started the new job in September, which means I have 2 IRP5 forms. But when I filed for tax the assistant only used the form from the new employer. Is that correct? Does that not give a flawed assessment of the tax returns? Aren't they supposed to enter information from both IRP5 forms? Its puzzling especially when the job change impacted my PAYE significantly.

Gross salary IRP5 code?

Posted 19 October 2015

When you ask in the Income Tax Calculator "Your gross salary is the entire amount, including all benefits, that your boss pays you. " What code should I be looking for on my IRP5?
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