Is payment to a Provident fund tax deductable

  Written by Marc   Posted 14 August 2015

I have just registered, I tried to connect via SARS however I was told my bank account number was incorrect. We are now waiting for SARS to set up SARS eFiling for me. In the mean time, I am not sure what to enter regarding payment for a pension fund. I pay into a Provident fund so am not sure if this is tax deductible. Only reason I used TaxTim is so I don't have to physically go into SARS. I am hoping this is still the case.

How much longer must I wait before I get my tax rebate?

  Written by Marc   Posted 14 August 2015

I have submitted my tax return on the 2/7/15. I had to submit my supporting docs on the 27/15,as I was chosen for an audit. Today is the 30th working day and still no tax refund. How much longer must I wait before I get paid out?

Tax return assessed but no refund

  Written by Marc   Posted 14 August 2015

My tax assessment was completed and verified and an additional assessment issued. My SOA reflects I am owed a refund even tho the ITA34 shows an adjustment to the original. My SOA says not selected for further verification, that was on the 15th of July and to date have not heard anything further or received a letter of completion. What could the delays be? On SARS eFiling it shoes that my tax is assessed. Thanks

How do I know if I'm due for refund is it the amount displayed in the ITA34 that's due to me?

  Written by Marc   Posted 14 August 2015

I would like to know what the ITA34 is and the amount it shows is it the refund due or what because I have submitted my tax returns for all the years and it all shows R0. 00. And I would like to understand how SARS makes calculations because my tax return for a company I worked for 1 month gave me a refund and I was earning very less than I'm earning now in the company I've worked for for 4 years but the tax returns for this company I get no refund. Many thanks and I have been reading other peop...

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Tax Refund on my personal property?

  Written by Marc   Posted 13 August 2015

I bought a property in December last year. I was wondering if I could claim any tax. Thanks

Formula that used by SARS for tax return?

  Written by Marc   Posted 13 August 2015

How do I calculate my tax contributions so I can know if I owe SARS or not?then if SARS owes me,how do I calculate the amount that I should get before I can even submit for tax return?

AP34 Penalty and Refund Due

  Written by Marc   Posted 13 August 2015

I have a AP34 penalty. I am also due a refund. Do I first have to pay the penalty before I receive my refund?

Support for cell phone depreciation at SARS?

  Written by Marc   Posted 13 August 2015

What supporting documentation does SARS usually look for when assessing if depreciation/wear and tear on your cell phone is an allowable deduction. Please note that my cellphone is paid via a monthly contract fee. These contracts usually don't stipulate the base price of the phone. Furthermore, what support do you need to give them for the allocation of business use versus private use. I have tried to search and ask what they need as they wanted to verify this deduction, however, I cannot seem t...

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My refund is very low and my medical aid costs is high why is this?

  Written by Marc   Posted 13 August 2015

I have submitted my tax return on SARS eFiling but the refund is way less then I expected as my medical aid cost was very high. Could Tax Tim help me to submit my tax again to see if the calculation is correct? Also SARS is auditing every one in my office who submitted their tax returns and no one has been paid yet is there a problem at SARS this year?

After confirmation of audit from SARS?

  Written by Marc   Posted 12 August 2015

Tim what happens after sars send u a letter saying they are making no adjustments to the filed returns

Is the Provisional Tax threshold inclusive of Normal Salary + My company paying me out (Dividend)?

  Written by Marc   Posted 12 August 2015

I registered a company and It was registered for income tax. I am the sole Director and shareholder. When it makes money and I pay some of this to myself am I liable for provisional tax? I know there is a threshold but does that threshold amount include my Normal Salary that I get from my employer?

I'm haven't received my refund from SARS

  Written by Marc   Posted 12 August 2015

Hi I have sent in my tax return last month and I was told by the consaltant that I was not to bring anything because everything ws scanned but now is past 21 business days nd still haven't heared anything from SARS what do I do?

Claiming back tax on a bonus you had to pay back to a company

  Written by Marc   Posted 12 August 2015

How do I claim back tax on a retention bonus I received from my previous company. I was advised to fill it in under the section that states "Amounts Refunded i. T. O. Section 11(nA) and 11(nB)" and code 4042. What evidence will SARS need. I called their call centre but they were of no help.

Taxable Benefits

  Written by Marc   Posted 12 August 2015

Our company provides a contribution towards provident fund based on 15% of basic salary. Does this form part of your taxable income. Were should it be recorded on the IRP5

Have not received my money from SARS yet?

  Written by Marc   Posted 12 August 2015

I submitted my documents to SARS and I already know my amount that I will receive back from SARS via sms the lady told me that I will have my money in my bank account in 2 days but still after 2 weeks now haven't received any payment from SARS

Can I correct an already sumbitted tax return?

  Written by Marc   Posted 12 August 2015

I submitted my tax and was told how much of a R,,,, amount I will be getting back(great news). However straight after I submitted I realized there is a stack of receipts at home for medical bills that I did not enter. Is it too late to correct the already submitted tax return?

How long will it take to get assessed and refunded( it will definitely be more than the R,,, amount they gave me today). How long do I have to make a correction if I can?

House/car repayment - tax benefits

  Written by Evan   Posted 12 August 2015

Are there any tax benefits when you are paying off a bond, car or any property?
Does that affect the person who is paying the loan or the person receiving payment, or both? As far as disclosing this on the tax return as a deduction or otherwise.

Income whilst working outside of South Africa

  Written by Evan   Posted 12 August 2015

Can you please clarify this question for me: "Did you earn any income whilst working outside of South Africa?"
My answer is yes but this income is non-taxable in South Africa because I was not physically present in South Africa. I am only filing my income tax return do to a loss on my SA rental property.

Can't read Completion Letter

  Written by Marc   Posted 11 August 2015

I was asked for supporting documents despite only having an IRP5 and claiming nothing else! (Calculation came back saying I am owed a particular amount). Submitted it and got a "completion letter" which I can't seem to open. What do I do? Just wait for a refund?

Logbook requirements for SARS for claiming travel allowance?

  Written by Marc   Posted 11 August 2015

I hadn't submitted my tax forms from 2009 and 2010 (although SARS had owed me money in each of those instances) but I'm trying to resubmit now. I got paid for some of the travel that I conducted from my business (roughly R4/km) and I kep an online logbook on Excel. Is this sufficient for SARS or do I need to fill it out on an official SARS logbook?

When can I expect my refund?

  Written by Evan   Posted 11 August 2015

I have received a completion letter from SARS, saying that no amendment has been made. How long until I get my refund?

Correction not amended on eFiling

  Written by Evan   Posted 11 August 2015

Hi Tim. I submitted my tax through SARS efiling. I am claiming for medical expenses not covered by Medical Aid. The amount to be paid out to me was R5 700. I then had to make a correction as I found another slip which was a lot of money, so I filed for a correction. The amount they paid out in the end, still reflected the initial amount of R5 700. What should I do?

What percentage tax do pensioners pay?

  Written by Evan   Posted 11 August 2015

If you earn a gross monthly pension of R40 000, how much tax do you pay?

Why is payment taking so long after uploading docs?

  Written by Evan   Posted 11 August 2015

I have submitted my tax return for 2015 via SARS e filing but they keep asking me to upload supporting documents, which I do and then they tell me two weeks later that they have not received them. Calling them or going to their offices is mission impossible, and I am waiting for a month for my payment.

Is there anything else that I can do to follow up on the process?

Amount not covered by medical scheme - do I owe SARS?

  Written by Evan   Posted 11 August 2015

I got a letter from my medical aid saying "the amount not covered by scheme is R1092". Does this mean I owe SARS?
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