Calculating fuel expenses for ad hoc freelance work?

  Written by Marc   Posted 8 January 2015

How do I calculate car expenses for ad hoc freelance work? As an employee I'm reimbursed at the SARS rate for travel and it is recorded on my IRP5. But as a freelancer doing a couple of ad hoc jobs over the course of a year, whilst still being employed elsewhere, how do I calculate the expense per km, and what documentation/records do I need to keep?

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly?

  Written by Marc   Posted 8 January 2015

Is a bonus meant to be taxed more than monthly pay, if the bonus is the same amount at the monthly pay?

Filing elegibility

  Written by Marc   Posted 7 January 2015

I had a question about weather I need to file a tax return for 2014. I have lived outside of SA for 15 years and completed financial emigration last year when I closed a retirement annuity. The amt I received was very small (under R25 000). I did not receive/earn any other income. I did not pay tax on the amt I received as it was below the threshold. I still need to deactivate my tax number. Could you please let me know if it is necessary to file a SARS return for 2014. Thanks!

Depreciation calculation on low value asset

  Written by Marc   Posted 6 January 2015

I have been audited by SARS and they need a depreciation calculation for a low value assets (cell phone) that I used to conduct business for my employer. Please send me the calculation as I cannot retrieve it from my tax return that I did with you.

What does a risk assessment entail and when will I receive my money. I am a pensioner

  Written by Marc   Posted 6 January 2015

I did my return at the Roodepoort offices of SARS where all the details were input by a lady at SARS because I could not get my various certificates to 'pull through'. The lady handed me an ITA34 and said she was surprised that I was not selected for audit. The ITA34 shows SARS owes me R1 000 odd. This is now outstanding since 22 November and when I query this, I am told that this is due to a risk assessment being done by SARS. The first time I queried this I was told it would take 90 days t...

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Will I receive 100% of the value of a charitable donation back as a tax-refund?

  Written by Marc   Posted 5 January 2015

I understand that I can claim deductions for charitable donations to a registered PBO (with a section 18A certificate) up to 10% of my taxable income. I am wondering whether I will receive the full value of my donation back with my tax refund or only a portion of it. I like the idea of donating up to 10% of my taxable income, as I will have a say in where it goes. However, this will be a sizeable portion of my income and can only do this if I'm sure of receiving the income back in my tax refund.

Refunds from SARS?

  Written by Marc   Posted 23 December 2014

How long does it take for a refund to be paid once an audit/verification and resolution have been done?

Tax Refund Calculator?

  Written by Marc   Posted 22 December 2014

The calculator....."Work out salary tax (PAYE), UIF, taxable income and what tax rates you will pay"...does not include interest (local foreign), dividends (local foreign), rent, "other" income...

Tax Return Calculations

  Written by Marc   Posted 22 December 2014

If I make use of TaxTim, do I get to see my completed tax return before TaxTim files it? Do I get to see the calculations before filing?

If you're audited, papers are submitted how long before you receive the money from SARS?

  Written by Marc   Posted 19 December 2014

eFiling for tax has been done end of November 2014. It's been chosen for audit and the papers were submitted. How long before you receive the money?

SARS delay in refunding?

  Written by Marc   Posted 17 December 2014

Hi Tim..I submitted my outstanding returns for 2012 on the 02 Dec and 2013 on the 09th Dec. The first one was selected for verification/audit and I submitted the supporting doc on the 3rd, there was a refund due of r971. The second one reflected a refund due to me of r13k, and was not selected for audit as per the notice that is viewable on efiling. I tried calling the contact centre but its a a nightmare to get through. I decided to send a request via email all I needed to know is when the ...

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No refund after 90 DAYS

  Written by Marc   Posted 16 December 2014

Hi there,

I filed my return in September and was asked to submit supporting documents. I did this and received a completion letter. Then I was told my refund is under review and to wait thirty to sixty days. This period has now passed and the matter was escalated two weeks ago...I was told that I would receive feedback within 5 days. Yet...still no refund or feedback. So frustrating speaking to the call centre consultants...They give conflicting information and no one can tell me why SARS is not paying my refund. It's been 3 months......

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Confusing situation with SARS calcs methodology

  Written by Marc   Posted 11 December 2014

SARS - Why is an "original assessment" ITA34, positive amount, taken into consideration in the final SOA, even though a final "after a correction" ITR12 submission calculated to a negative reduced amount?What is the use of requesting and allowing a "request for correction" then in the first place?Shouldn't the final submitted ITR12 negative result (after corrections) be the only assessment that counts and be taken into account in calculations of your final SOA...

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What do I need to provide SARS with durng audits, search and seizure?

  Written by Marc   Posted 10 December 2014

During audits can a tax payer provide assistance to SARS Officials with thing like overnight accommodation?

I owe SARS - but being audited - when to pay?

  Written by Marc   Posted 9 December 2014

The result of my assessment shows that I owe SARS money. They have selected me for an audit / verification. I have submitted the supporting documents manually to a SARS branch. SARS could take 90 days to conduct the verification process. Should I pay SARS now, or wait and see what the result of their audit is, and only pay when they get back to me, i.e. maybe in 3 months time.

Can I apply for a tax number using an asylum papers?

  Written by Marc   Posted 9 December 2014

Can I apply for a tax number if I use a an asylum, I don't have a passport please help?

Penalty assessment?

  Written by Marc   Posted 5 December 2014

What is a penalty assessment? I thought I had submitted all my returns as I had broker doing this for me who I paid every year but now I notice that there is a problem with 2010 through to 2013.

IT34 account balance and due date ?

  Written by Marc   Posted 4 December 2014

Hi Tim, on my IT34 ist states:"Thank you for submitting your income tax return for the 2014 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -14206.18"and then Due Date 2015-01-012nd Date 2015-01-31. I understand that is most probably a refund from SARS, but then they state they want to do a further assessment. What is the normal turn around time for this? Can I expect my refund before 2015-01-31?

Death and tax years applied

  Written by Marc   Posted 4 December 2014

If a client/tax payer dies in one tax year but the claim only occurs in another tax year, what transaction year, year of assessment and period of reconciliation do you apply? Will it be the tax year the client died, or the year the claim took place?

Penalty for late submission to SARS?

  Written by Marc   Posted 3 December 2014

I submitted my tax return for the 2014 period right on the deadline date. However my 2012 return was not submitted, I finally managed to get the IRP5 and did the submission. In both returns I have a quite high refunds, I was wondering if SARS will penalise me for late submission? Or will they penalise me for the 2012 return only. Last year I was due a refund and they paid it out without any problems.

What is a referral of audit?

  Written by Marc   Posted 2 December 2014

What does it mean when you have been referred for audit, even though you have submitted your tax return and supporting documentation? Is it because I have a big medical refund?

Can a new taxpayer claim refunds for last five years?

  Written by Marc   Posted 2 December 2014

My wife did not register as a taxpayer previously because she was told she earns a salary below the taxpayer threshold. She now intends registering as a taxpayer. Can she file returns for the last five years since she has incurred medical expenses on her own medical aid amounting to R50000 which was never recovered from the medical aid. Will she receive a tax refund for her medical expenses for the last five years?

Have car allowance but using car that is not registered in my name?

  Written by Marc   Posted 2 December 2014

I get a car allowance and the car I am using is registered in my wife's name. She is paying for the vehicle. Sars is refusing to pay me a refund because the car I am using is not registered in my name. Can they do this or do I have grounds to dispute this.

Return - Data Submitted To ITS. Audited and Reviewed. Does it take longer to refund?

  Written by Marc   Posted 1 December 2014

I submitted my eFiling on the 18th and then submitted my supporting Medical payments on the 20th. I have noted on the system it says the last Status is 27th. A refund is owed to me, should I call the call centre to find out when will I get the monies?

When calculating the tax portion on a lump sum payment isn't the first R500,000 tax free

  Written by Marc   Posted 29 November 2014

When calculating the tax portion on a lump sum payment isn't the first R500,000 tax free which means the tax calculation should only be done on the remaining portion. With a lump sum of R3,000,000 the taxable portion is R2,500,000. This means the tax will be 36% of the amount exceeding R1,050,000 + R130,500 which is 36% times (R2 500 000 - R1,050,000) plus R130,500 = R 652,500
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