Tax Q&A
Want to know when SARS is paying my money; October has passed..
I already file via SARS was suppose to get my money in October even, now I don't know what happened to the payment... If you were asked to submit supporti
Read moreHow do I calculate Rental Income?
How do I calculate rental income? Is this calculated as follows or is it different? Rental Income = Bond Repayments - Rental income. If it is positive it will
Read moreDo we need to submit a tax return
I get about R2000 /month from my living anuity and R900 / month from an investment. I no longer own property and my medical aid is about R1200/ month. I some
Read moreDo you have my details on file so I can switch to TaxTim?
I notified my former tax consultant that I would no longer be using his services, and would be switching to TaxTim. Does that mean my paperwork has already be
Read morePrimary residence definition
I was letting out my property and was renting in another suburb for 3 years before selling my property. Is that property still seen as my primary residence?
Read moreWhat amount of tax can a sole proprietor expect to pay, on profit of R105504 ,and salary of R281590?
I run a small business, a sole proprieter. Over the 2014/2015 tax year a earned an annual salary of R281590, I also realised a profit of R105504. According to
Read moreWhat is the base cost if the asset was acquired by a will?
The asset was acquired by a will, so I did not pay anything for it. How do you determine the base cost value. It would be the market value on the day of d
Read moreSteps to obtain an ITA34
I am a sole proprietor and work for the last 4 months for my self. I take an income of R30 000.00. How do I get a ITa34 that the banks requested for a loan?
Read moreWhat is the amount that is medical contributions made only by me, not reflected in the IRP5?
On the tax return,there's a section that requires me to fill in any medical contributions made by myself that are not reflected on my IRP5/IT(a) however t
Read moreWhere do I enter funds received from a retirement plan?
Where do I enter funds received from a retirement plan? Was it a lumpsum amount? It is a monthly payment for a RA investment for which I have an IRP5.
Read moreWhat is the tax rate payable when withdrawing a portion of the provident fund money?
Have resigned (under 50 years old) and need some cash flow. I transferred the provident funds from employer to a preservation fund account. How much tax will
Read moreSARS has issued correspondence
I got a response from SARS as follows:SARS has issued correspondence for [name hidden] which requires your attention. To view this, kindly log into your SARS
Read more24h waiting period for registration on SARS efiling
I have done my registration on SARS SARS eFiling, but now when I log in a message appears that I have to wait 24h for SARS to process my application..... I've
Read moreAm I tax resident or not?
I moved from South Africa to work in Dubai in August 2014. I therefore was outside of South Africa for more than 183 days in 2015 tax year. From your previous
Read moreDetermining tax residency
In determining whether one is a tax resident, you use two criteria: one is born in SA, the other if one resides in SA or has formally emigrated. I am in doubt
Read moreTax Deduction for Personal Vehicle
I am busy completing my Tax tax return with TaxTim, under the Tax Deduction section there is a wear and tear section. Can I depreciate the value of my persona
Read moreCash co-payment on medical procedure
Two questions relating to medical aid expenses:1) I paid ~R5000 cash copayment for a medical procedure. Can I claim this medical expense on my tax return?2)
Read moreWhy must I go into SARS branch again - I was just there
I went to SARS on 13 November and got paid out on 18 November. Which is good work. I took my necessary documents, certified copy of my ID, proof of banking. N
Read moreIs the cost per tax year or once off?
Is the once off fee of R249 per tax year or once off for more than 1 tax year submission? It is per tax return completed.
Read moreMedical aid premium
Where on your website do I enter my medical aid premium? I paid it myself not through my employer. Your website only asks for expenses that I have incurred ou
Read moreWhen am I getting the refund for late husband's deceased estate?
In August I submitted my late husband's IRP5 and I was told that I am going to receive R2100 for the year 2015. They told me that its still going for an audit
Read moreLatest date to complete registration for e-filing
What is the latest date to register for e-filing? I've submitted my documents to SARS on 20th November. There is no latest date to register for SARS e
Read moreI have filled in my tax form but I don't see any confirmation
I have filled in my tax form but I don't see any confirmation anywhere that it has been submitted. According to our system you have not gone through t
Read morePlease do not submit my tax return to SARS after reviewing it as I need to make adjustments
Hi, Please do not submit my tax return to SARS after reviewing it as I might need to make adjustments. Please confirm. Unfortunately our system automatical
Read moreBranch Code Length Error on Filing Return
Hi Tim, I'm trying to wrap up my tax return but your system has a check on branch code length and is not allowing me to enter the one that is on file at SARS
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