Tax Q&A

answers

Registered for E filing but can't login

Ive registered for SARS eFiling yesterday 14/07/2015 but it won't let me login. Says my username / password is incorrect help - do I wait a few days? It s

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Tax status says "Saved" on SARS eFiling

What does the Tax Status: "Saved" mean on SARS eFiling? Do I still have to do something? This means the tax return has not been submitted yet and is merely

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Claim for working from home

Can I claim for office, internet expenses as I have a second job and work from home in the afternoons? Yes you can, please have a look at our question on

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Tax refund after audit taking so long

Hi TimI submitted my Tax Return to SARS, on the 03/07/2015. On the same day I received the notification that I was yet again for a second year in a row being

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How much per month can I pay for additional pension fund (tax code 4002)?

What is the threshold on tax code 4002? SARS will only allow a R1800 deduction each year for your contribution for tax purposes.

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How can commission earner optimise tax returns?

Hi, based on my tax returns submitted this year as a commission earner, what can I do differently to optimize tax returns for next season? Your commission

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Can I claim from SARS if I earn under R17k but have medical

I earn a gross salary of R17,000. 00 a month and have no deductions except for PAYE and UIF, I do however, have a medical aid which is paid by me and does not

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Registering for tax - Non resident

I am a South African living in the UK for the past 17 years. I have an Old Mutual policy which has matured and Old Mutual require an active tax no. I have cal

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Income shown on IRP5 for code 3718 vesting of share

I received some share options from my employer that have vested and have been sold. What amount should be shown on my IRP5 under code 3718? Should the amount

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Awaiting refund after re-assessment

I have submitted my returns on the 2/7/2015. I was requested to submit supporting documents, which I did on the same day and the SARS efilings status shows th

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3704 Subsistance Allowance

I received a subsistence allowance (3704). In 2014 I travelled locally for 5 months, I spent about 108 days away from home. How much can I claim in terms of s

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Tax deduction for vacant months in property

I bought a rental property but didn't have a tenant for the first 3 months. Can I deduct the interest and rates for the first 3 months where I did not get any

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Fringe benefit calculation on two employer-provided vehicles

I have 2 cars on "employer provided vehicle": 1) 2013 Suzuki Alto used for approx 6 months. Cash value 89000 2) Cherry 2011 value 59900 also used for approx 6

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How much must I pay?

How much do I have to pay for tax? Please make use of our Tax refund calculator to see if you owe SARS or are owed money.

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Can you submit without IRP5?

Can you submit without IRP5 because my workplace I delaying with IRP5 Have they not given it to you? Employers are supposed to send these out in May. If yo

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Is there a charge involved if you use Tim?

How does a person submit tax returns with the help of Tim online? We do charge, have a look at our Pricing Page for our different packages. Our service di

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Too small travel allowance - different to actual costs

I have a R 2 500 travel allowance (R 30 000 a year) provided to me. But for 2015 I calculated my true travel costs (travel allowance) and it should have been

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Medical costs for pharmacy levies

Can I claim on all the pharmacy levies I pay? Are these for doctor prescribed medicines? Yes they are. So we take the script to the pharmacy, our medi

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As appointed executor of the deceased Estate who must to complete the IT77 form

Who must complete IT77 form on behalf of unregistered deceased person? We are law firm dealing with deceased estate and not registered practitioner. The e

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When will I receive my refund?

Hi TimAwesome site, assistance and insight - well done! I did my tax return last week (15 July 2015) and my assessment cam back as - R 8840. 32. I believe that

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Service charge

What is the fee to join TaxTim? Please have a look at our Pricing Page for an idea of our different packages.

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Time frame for refund after submitting documents for review

Awesome service - well done on this easy to follow and easy to understand website! I have completed my tax return on the 2nd of July. I then received an IT34 A

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Is one taxed from gifts/loans from overseas

A family member is giving me some money. They are from the UK. They are paying it to me monthly over a period of time. I am currently unemployed and do not su

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Cut off salary per year for tax return?

What is the cut off salary for an income tax return in South Africa per year? For the 2015 year it was R70 700.

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Allowable deductions on property for tax purposes

I bought a property in the previous tax year and paid initiation fees which were included in my bond account. Can I include the initiation fees as bank charge

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