MEDICAL TAX CREDIT REFLECTED ON IRP5/IT3(a)

Posted 9 October 2015

1. I am retired and a deduction for my Medical Aid Contribution is made from my monthly pension. My Tax Certificate displays a basic Tax Credit (R257 x 2 x 12) which does not include the extra Tax Credit for claims submitted to, but not paid by, my Medical Aid Fund. My neighbour, on the other hand, who also has a deduction for his Medical Aid Contribution from his monthly pension, received his Tax Certificate which reflects a Tax Credit taking into account a basic Tax Credit (R257 x 2 x 12) as well as his claims submitted but not paid by his Medical Aid Fund...

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SUBMITING A REVISED ASSESSMENT WHEN THE AUDIT HAS BEEN FINALISED AND THE REFUND PAID ALREADY

Posted 8 October 2015

i submitted my 2015 tax return, and was selected for audit. the audit has been finalised and the refund was paid. however now i just realised that i for got to declare some information on my tax return. is it possible for me to re-submit the tax return again.

Meaning for source code 4102 , a PAYE Credit of R13808,30 has been assessed against your.

Posted 8 October 2015

Meaning for source code 4102, a PAYE Credit of R13808,30 has been assessed against your ITR12 tax return. What is the meaning?

What are those supporting documents that I need to submit

Posted 8 October 2015

I have received an email from SARS saying my income tax has been identified for verification and I must submit my supporting documents on my SARS eFiling. What are those supporting documents that I need to submit, if I don't have invoices,medical certificate or travel book. Is it the IRP5 still a supporting document?

Audit Review

Posted 8 October 2015

Hi Tim

I was retrenched and received my provident payment in March or April 2014 so now for 2015 submission I submitted the provident IRP5 and I also started with a new company in October 2014. The provident fund irp no tax was deducted but for my new employer there was but is was for total income less than R75000 for the 4. 5 months. I filed my tax return and now I received a letter for Audit review. From the looks of the calculation it seems SARS needs to refund me, how long does th...

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Refund tax

Posted 7 October 2015

I recieved a sms on 22/09/2015 of a refund who can I go about

Check if audited

Posted 7 October 2015

Will you check if I am being audited and if how much is due to me?

Why has SARS not given money up to now?

Posted 7 October 2015

I submitted and received a message that SARS gave me money and released into my account, but it is more than two months now and the money is not there. Help!

Claiming back tax, how do I do it and how does it work?

Posted 7 October 2015

What does tax returns include? I'm new in the employment sector and I don't really understand how this works. I know that I pay tax every month over R1000. Last year I was also taxed for a seasonal job I did as a student, being an exam assistant for the department of education in the eastern cape and I was told I can claim back my tax, how do I go about doing that? I am just interested in knowing how to claim tax back.

When does one register for provisional tax, before you earn or after you earn money

Posted 6 October 2015

Provisional Tax
Do I earn say R8000 for the first 6 months first
Then register to pay provisional tax
Forex Trader Starting soon

Will I eventually get the money owing to me or will there be another problem

Posted 6 October 2015

I have money due to me by SARS. After phoning and requesting why my money was not paid to me I had to go in with 3 month bank statements, certified copy of my id and proof of residence. After still not getting the money due to me I was told to email SARS stating I was not working 2008 and 2009. After doing so I received a call saying I now need an affidavit stating I wasn't working those years. I now have to go back and sit in those queues. The funny thing is the last 3 years I owed them money t...

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Register Yes or No for a company?

Posted 6 October 2015

I am a bit undecided if I want to register a new Pty Ltd due to all the tax requirements. For the moment there will be no employees as it will be a part time business for myself in which I will provide financial services and consulting. Please assist in advising me if I will need to register for PAYE and also income tax, even though the business will be very small and start off with less than R50 000 income per annum?

Notice of Objection supporting documents

Posted 6 October 2015

Hi Tim. LOVE your site. So helpful! Just a question. We submitted a Notice of Objection on 3 August. They came back (finally) 29 September... Requesting supporting documents (docs we have already submitted b. T. W) so I resubmitted. How long now till they look at the supporting docs? Can I expect another 2 month wait?

Micro Business

Posted 5 October 2015

The First R200 000 dividends paid during the year of assessment by the micro business is exempt from dividends tax. The Micro Business cannot deduct any business expenditure. What does this mean, can I then not deduct vehicle expenses, donations, etc..

No IRP515 = no tax refund

Posted 5 October 2015

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?

SARS issuing re assessment notice more than 5 years after the actual year of submission

Posted 5 October 2015

Received notification from SARS to supply proof of expenses claimed on personal tax return for the 2009 years, which was already assessed, re assessed by SARS in Nov 09 and April 2010. Outstanding fees were duly paid in Nov 09. All proof of expenses were duly supplied. IS SARS allowed to re assess again in Sept 2015?

SARS has also request the same for the 2010 year, 2010 was assessed and no proof of expenses were requested. A refund of -R6k was paid over by SARS to me. IS SARS allowe...

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Its been more than 21 days since I've been on audit, how long does it take?

Posted 5 October 2015

I submitted my 2013 IRP5 this year. It was sent for audit and I was told it will take 21 days. I haven't heard from SARS again. No updates none whatsoever. How long does it take for audit and how does it work?

Tax on Scholarships

Posted 5 October 2015

I'm a writer in receipt of a scholarship from an overseas foundation. Will I have to pay tax on it, come year end? What documentation would I have to provide for it to be tax exempt, if that's on option?

Non-resident tax implication on rental income?

Posted 5 October 2015

Myself and the wife ( non-residents / Irish citizens and tax payers) bought a property in South Africa in both our names. Does the R 65 000 tax exemption apply to each of us individually? The combined rental income is R 120 000 after expenses/deductions. We plan to invest the rental income in a flexible money market account at 5,75%. If the exemption applies to both i. O. W R 130 000 combined, do we have to register for tax?
Can flight tickets once in two years to oversee maintenance and i...

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Battling to get 2008 IRP5 certificate from ex-employer.

Posted 1 October 2015

I am battling to get my IRP5 certificate for 2008 from an ex-employer and SARS is asking for it. At the time I did not submit the tax return because I recall that in that particular year if you earned under a certain annual income, you did not have to submit and therefore I did not. How can I remedy the situation? I have called SARS SARS eFiling help desk and we tried to see if the information would populate on SARS eFiling but it did not.

How to account for water and electricity received by tenants in NPO return?

Posted 1 October 2015

I am completing a tax return for a church (NPO). The church rents out a building and receives rent income. When the church gets the water and electricty account they pay it on behalf of the tenants and the tenants deposit the water and electricity amount into the churches bank account. How should I classify this deposit received for water and electricity?

My income paye is 70753.00 I want knw hw much will I get?

Posted 1 October 2015

I have worked for 8years... We were told to resign so that dey cud register us again.. My total income paye is 70753. 00, SO I WANTED TO KNOW HOW MUCH WILL I GET PLUS HOW LONG DOES IT TAKE?

Time frame of correction filed status

Posted 30 September 2015

I submitted my tax return and was asked for supporting docs which were uploaded and submitted the same day. This was on the 14th of Sept and now on the 30th Sept the status has still not changed from correction filed? how long is this expected to take?

How do I submit 2007 return without documents?

Posted 30 September 2015

SARS is requesting that my husband submit a 2007 tax return. However, he was only working certain times during that tax period (as a freelance contractor) and has no IRP5. He contacted the company he worked for as well, and they have no record of a IRP5 as well. What do you advise him to do now if he has no documents for that tax period? He may be able to get a record of his retirement annuity contributions, but that is all.

I would like you to explain what the meaning is

Posted 30 September 2015

Good morning I got this sms from sars




tax period 2014 due to you -2124. 12

tax period 2010 due to you -668. 82

tax period 2011 due to you -2183. 27

tax period 2015 due to you -2300. 06

tax period 2013 due to you 2300. 00

payment due the 1st October and 31st October

what does this mean
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