Tax Q&A

answers

How do I know what the status of my audit or verification is?

Hi TaxTim. How do I know what the status of my Audit or verification is? I've submitted supporting documents on the same day 8 July 2015. They usually say 30

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I made a silly mistake :(

Hi there TaxTimI religiously file my tax returns every year and made a horrid mistake this year. I was due a refund from my 2015 tax return (did the return on

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Tax refund for registering with health profesionals council

Can I get a tax refund for registering with the Health Professions Council of South Africa (HPCSA)? Do you work as a full time salaried employee? Yes, I

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How much tax of R763,143 on resignation

I work for a parastatal company for eleven years. I have resigned with a package of R763,143. Kindly help me to know how much will I be taxed. Please make

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Can I dropoff documents for review in the SARS office box?

I have submitted my tax return via SARS eFiling and have been requested to submit the documents for review. I am not able to upload those on SARS eFiling. Can

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Scared because amount refundable to me is negative amount

I have just submitted my tax and it says the following "Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has b

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What is the difference between a Tax Certificate and the Tax Directive?

What is the difference between a Tax Certificate and the Tax Directive? I have asked my Funds Administrator from my previous work to provide me with a Tax Dir

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Tax on salary R10000 plus petrol allow R2 000

I am starting a new job. My salary will be R10 000,00 a month plus a R2 000 petrol allowance. No other benefits. What can I expect to clear? Please make us

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Employer fail to help me with my IRP5 which is outstanding at SARS

I went to my previous employer for IRP5 which is outstanding. They told me they don't have that IRP5 so now I don't know what to do... You need to go to th

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Error on return

If I make a mistake on my tax return and it's already filed how can it be corrected? Please go back to SARS eFiling and to where you submitted your tax ret

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Home office, and tax expense deductions

I have two questions:1. Under what circumstances can one claim "home office" deductions (code 4028)? And what items can one claim?2. What can one clai

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When does a company qualify for a refund from SARS?

If a company makes a loss does SARS refund them some of the expenses? Otherwise when does a company usually receive a refund from SARS? No SARS will not re

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Can a School Principal claim depreciation as a deduction on certain assets he uses for work puposes?

Can a School Principal claim depreciation on his laptop, cellphone and car that he bought himself but uses a lot for school/work purposes? Yes you may, cla

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Completion letter - what is that?

I just receive an SMS from SARS which says a completion letter has been issued, what is that? This means that SARS has completed verifying your supporting

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What must I do to get the IRP5 from them?

I can't get an IRP5 from my previous employers in 2012 where I was hired by a outsourcing agency to work for another company they had a contract with, they a

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May I deduct for depreciation on photographic equipment bought in 2010 now being used for work?

I bought photographic equipment over a period since 2010, the last in February 2015. My previous employer supplied me with equipment to do my job, with the re

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SARS status says correction filed

Hi, My SARS eFilling status is "Correction Filed" and my my SARS status is "Return - Assessed" (your tax return has been assessed and you should recieve your

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Medical aid and husband's tax return

Hi I am putting in my tax return - my question is I am on my husband's medical aid. Do I include all this information in my tax return? We are on a hospital

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What do I tell SARS if I can't get my IRP5?

I used to work for retail when I was a student and worked some weekends got paid differnt amounts depending on my days worked ranging from R200 to R450 a week

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How much do you charge for your sevices.

How much do you charge for your services? (Tax Return). My first time with you and I need to be sure before I can submit. Please have a look at our Pricin

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Foreign Earned Income

Hi, I am wondering about the tax I pay, if any, if I am earning my income overseas. In my case I earn in Indonesia, and the money gets deposited into an Indon

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Do you assist with ITR14 completions?

Do you assist with ITR14 completions for company tax returns? Unfortunately, we currently own assist with individual returns. However, we are busy building

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What is the threshold for presonal tax return ?

Do I have to submit my tax return if my salary is R19003 Gross PM? You should file a tax return as you may be due a refund from SARS, especially if you con

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Common reasons for a SARS audit

I want to know why are some people being audited and some not being audited? There are certain areas where requests for verification (audit) are common. Th

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Tax on R25,000 interest for last year?

I have earned R25,500 interest for the year 2014/15. How much tax do I pay? If you are under age 65 years, the interest exemption is R23,800. Therefore R1,

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