What is member's share of claims paid/

Posted 10 September 2015

On the medical Aid Certificate, what is member's share of claims paid?

CPT payment on money held for 3rd party.

Posted 9 September 2015

I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:

1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...

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Is it possible to have a negative amount for my 1st provisional tax payment?

Posted 9 September 2015

Is it possible to have a negative amount for my 1st provisional tax payment?

How long after it34 will I receive letter of comoletion

Posted 9 September 2015

Hi, I did my husbands tax return via SARS eFiling. SARS asked for supporting documents and i've sent it. On Monday 7th Sept i've received an additional ITA34 on SARS eFiling but not yet the completion letter. How long will this take?

How does "Interest on underpayment of prov tax" work?

Posted 8 September 2015

I've done my 2012 tax return only now and I see the original assessment is R14,693.15. Now another item that is listed is:

Interest on underpayment of prov tax. Section 89quat(2) 2012 to the amount of R3,884.46.

I just want to know is that value correct, and how is that calculated. I guess it is that "high" because of this part in that section?:

"... Such interest being calculated from the effective date in relation to the said year until the date of assessment of such normal tax. "...

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Help! SARS has just informed that I need to submit a 2008 Tax Return

Posted 8 September 2015

Good day,

Over the past three weeks, I have been in contact with SARS telephonically regarding a refund due to me for the 2015 Tax Year. I have just been informed that SARS has upgraded their system and I now need to submit a Tax Return for 2008 before they will pay the refund. In 2007, I was employed on a part time basis as a tutor whilst I was in my final year of study at University. After graduating in 2007, I started to work on a full time basis at a company from 1 January 2008. I...

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How can I go back to changing my answer for capital gains if I don't have the option?

Posted 8 September 2015

I need to change my answer to capital gains that I gave, but the problem is I can't go back to the capital gains sections. How do I go back to it?

How many days after filing

Posted 7 September 2015

How quick does it take for money to b in your account

Non payment of my tax by the employer

Posted 4 September 2015

What must I do when I discovered that my ex-employer has not paid my tax but he was deducting that money

How do I use my discount voucher?

Posted 4 September 2015

I have a discount from Interface financial services that I would like to use. Please, let me know where I enter this code to qualify for the discount. Regards,

How else can I get to the bottom of why my refund hasnt been paid to me

Posted 4 September 2015

What else can I do about my refund that has not been paid to me even after an escalation has been done? I was on audit as usual but summited everything as normal. I recieved no feed back as I let SARS have their 21 days which then turnes out to be 30 days waitn. I have now escalated it but still no info with regards to my refund been held back.

How long does SARS take to refund you if their auditing you ?

Posted 4 September 2015

How long does SARS take to pay your money if their auditing you? And do SARS need to pay you interest if their auditing you?

Can I verify my bank details via tax tim?

Posted 4 September 2015

Can I verify my bank details via TaxTim?

Completion Letter from SARS received

Posted 3 September 2015

Just received the below from SARS. Does this mean everything is complete now?
Original letter that I received requested I send supporting documentation - which I did. After which, I got the below letter -

Does this mean, no further action is required and that I will get my refund soon? Thanks!

Dear Taxpayer

VERIFICATION OF ASSESSMENT

We refer to the verification of your assessment for the 2015 tax period. Please note that no adjustment has been made to this assessment...

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Gross Salary earned with no deduction?

Posted 3 September 2015

My employer only pays my salary on a gross basis, and does not deduct tax off my salary every month. He also hasn't given me an IRP5. How would I submit a tax return for this year? Should I approach SARS?

My refund money that SARS owe me?

Posted 3 September 2015

I already submitted my tax and they told me after 21 working days ill receive my refund money to be deposit in my bank. I want to now tomorrow is 21 days if ill be receiving it tomorrow?

Does Pension Lump Sum Income get added to Normal Income for determining tax liability?

Posted 3 September 2015

Do you get taxed twice when withdrawing early before age 65 from a pension fund? So the first tax is when the tax directive is issued by SARS, and then the second when you complete your tax return and declare the lump sum payout as an income. Does this pension lump sum income get added to your normal income to increase your total income when determining tax liability?

Can SARS go back on their policy even though dyslexia is clearly on their list of disabilities?

Posted 3 September 2015

In my 2014 tax return I submitted all sorts of forms proving that my daughter is dyslexic and has to attend an expensive school which accommodates her learning disability. They accepted the paperwork and paid me back some of the school fees. This year (2015) they have rejected the same claim and the reason they give is that she does not attend a public school but a private one.

Tax returns for 2007 needed

Posted 3 September 2015

My tax have been submitted 13/8/2015 and they asked to supply a logbook which I did. My tax for 2014 was not done and have submitted those aswell. My 2015 tax was not being audited but my 2014 is under audit. When I log onto SARS eFiling it says my penalties are R500. I have called them now and they said ny penalties are R1500. And I have to submit my 2007 tax returns. I do not have any of those documents anymore as its 8 years back. How can I go about the difference in penalties fee's and submi...

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Tax return shows minus amount on it

Posted 3 September 2015

Hey Tim I did my tax return and got a message says - minus an amount does that mean SARS needs to refund me?

Rectify a 2009 tax return. No IRP5s

Posted 3 September 2015

I was told that I had a 2009 tax return outstanding. The issue is that the company I worked for (Production company) never provided me with an IRP5. 6 years later and they still haven't and probably never will. I only had two jobs (TV adverts), and I earned under R15 000 and around R4000 in PAYE. I have the slips of what I earned, but no IRP5 for either job. I know one of the companies was reported to SARS fraud. What steps can I take to rectify this situation?

Why have I not received money from SARS yet?

Posted 3 September 2015

What do is mean when text message reads as follow : tape assesment: original amount -4000. 00 due to you.... Date of payment 1st 01/09/2015... 2nd 30/09/2015.. Does it mean I owe SARS Or SARS owes me...

Can I claim tax back on extra expenses related to my job?

Posted 3 September 2015

Say I am a teacher. A lot of teachers use their after-tax salary to pay for paper, pens, printing (etc) for school purposes. Is there a way to claim tax back since it is a work expense?
In this case, the school does not refund the money.

Foreign - Taxed dividends

Posted 3 September 2015

I have a IT3b from Satrix. Under "Dividend Income" there are a items listed "Foreign - Taxed" and "Foreign - Taxed (Dual Listed)". Do both of these get added up and submitted as "Foreign Dividends"?

Can an affidavit be summited if its too costly to obtain a 3 year bank statement

Posted 3 September 2015

Hi

please advice.. An auditor phoned me this morning to submit a 3 year bank statement for supporting documents since I submitted tax returns for 2013,2014 and 2015. The problem im facing is that a 3 year bankstatement costs R1800... Ive already given them a 1 year bank statement. My question is can I submit an affidavit for the other 2 years saying that I cant afford the R1800 cost of the bank statement which they need to see my parents medical contributions coming out of my account.
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