Written by Marc
Posted 28 August 2015
Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -316. 36
Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R 4621. 86. For a statement reflecting your final balance (including all amounts payable or refund...
Written by Marc
Posted 28 August 2015
Written by Marc
Updated 28 August 2015
Written by Marc
Posted 28 August 2015
Hi, I submitted my tax return this year 2015 and they owe me a refund, only to be asked for 2011 tax returns and 2013, 2014 when I filed I was not asked for 2011 tax return and I was paid refunds, when I check 2011 tax return on SARS eFiling it is black and I refreshed it still black. October 2011 I resigned, and joined another company that is the year my tax return is blank. And the company I resigned from I now merged with the other company and changed the trading name. When I contact them for...
Written by Marc
Posted 28 August 2015
Written by Marc
Posted 28 August 2015
Written by Marc
Posted 28 August 2015
Written by Marc
Posted 28 August 2015
I have decided to cash in my Pension Pot in the UK (I was 55 years old in 2014 and therefore can retire) - I have been paid out UK Pound amount 47843 of which tax of UK Pound 19977 was deducted. I now need to recover this tax from the UK and then submit same to SARS. My query is therefore:
1. I need to complete UK/SA double taxation form to apply for relief of income tax at source ie UK and claim back my tax
2. I need to submit??? to SARS for them to calculate tax owed by me - I would however need help with this so as to understand how much tax will be owed (would be interested to know what conversion rate will be used by SARS in the calculation)...
Written by Marc
Posted 28 August 2015
Written by Marc
Posted 28 August 2015
I submitted my tax returns via eFiling, I also claimed for travel expenses refunds on 2 vehicles my tax returns were selected for verification by auditors who are now requesting for copies of purchase agreement for both vehicles. I have contacted the bank to request for the copy of my old vehicle as I no longer have one, they told me the document has been archived and promised to send it through as soon as they have access to the file. I have waited without receiving the document is there an al...
Written by Marc
Posted 27 August 2015
I am a freelancer working in the film industry. As such I have have periods of consistent work with a production company for a number of months, but also gain smaller amounts of income from private work on the side. Giving short courses and doing small corporate or private videos and edits. I am not registred as company and do all work as a private individual. How do I divide up my income, to sumbit for my tax return?
And what type of tax-payer would I register as?
This is my fir...
Written by Marc
Posted 27 August 2015
Hi Tim
I have submitted my tax return, and was asked for supporting docs as I was selected for audit. I have since submitted all supporting docs, and on my SARS eFiling profile it shows that my tax return has been assessed. I have not received any letters or notifications from SARS yet. Also, there is a notification on my profile that I will receive a notification of my assessment on my SARS eFiling profile in the next 2 weeks, does this mean that my refund will only be paid out after...
Written by Marc
Posted 27 August 2015
Written by Marc
Posted 27 August 2015
Written by Marc
Posted 27 August 2015
Written by Marc
Posted 27 August 2015
I received a Completion letter from SARS as below, what should I do next?
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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. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required...
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Hi all, I'm considering starting a Sole Proprietor business. I'm not exactly sure regarding the tax implications. Let say for example I receive R10,000 per month (independent contractor I receive this from 3 different sources)... All this income goes into my personal bank account... Should I now pay personal tax on the whole amount of R10,000 or do I just pay personal tax on the net amount after my deductions for bringing forth the income?And if I hire one employee and I get R5k and he gets 5K p...
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Written by Marc
Posted 26 August 2015
Do Your Tax Return Easily