Amount due R0.00 payment pending audit

  Written by Marc   Posted 28 November 2014

What do they mean when they say payment pending audit?

Request for correction

  Written by Marc   Posted 27 November 2014

I made a small mistake in filing my return realized it after 8 days and used RFC and got the following message:You have received the following:Please note that your return cannot be processed as SARS is currently reviewing your assessment. The return will be reviewed as part of this process. SARS will advise you on the outcome in due course. Attached to Enforcement caseBasically I fixed the medical aid information as per the certificate. Previously I was due a refund of 800 rands, now it 0.95 ce...

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I applied for a loan, why do the credit department want my tax assessment?

  Written by Marc   Posted 27 November 2014

I applied for a loan, why do the credit department want my tax assessment?

Income Tax - who qualifies?

  Written by Marc   Posted 27 November 2014

Who qualifies for income tax money?

Incorrect Retirement Annuity amount 2008 money owing to SARS?

  Written by Marc   Posted 26 November 2014

This year I had a verification done on my tax by SARS and was told that I owe them money due to an incorrect RA amount on my 2008 TAX return . Basically the Rands and cents were done incorrectly. I however still have a communication letter from them for that year in which they requested that I provide proof of this. In the letter it states that if no proof can be submitted the RAF claim will be disallowed. I know I sent in a copy of the Retirement Annuity amount because I had the 2 documents st...

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Which document must I bring?

  Written by Marc   Posted 25 November 2014

I want know if I am registered with SARS If I am I want to know what must I bring to you and when.

What to enter for "creditors", under Assets & Liabilities, on ITR12 form?

  Written by Marc   Posted 24 November 2014

I earn rental income so am completing an ITR12 form. Under local assets & liabilities, the "creditors" section... does one complete 'all payments made to creditors throughout the tax year' OR the balance of what is owed for the full account OR the current monthly installment owed OR the installment owed for the month at end of tax year..?
Many thanks in advance!

SARS ITSA & how long does an audit take?

  Written by Marc   Posted 24 November 2014

I have received an ITA34 reduced assessment after visiting a SARS branch and submitting all necessary documents. This document shows a refund payable, but also show that I have been selected for audit process. I have not received an ITSA and would like to know, how long does this audit take and will the ITSA show the FINAL refund amount?

Treatmnet of taxable earnings refunded in clawback of maternity leave

  Written by Marc   Posted 21 November 2014

My question is around the treatment of the tax on maternity leave that is clawed back. Our company pays 4 months full pay while an employee is on maternity leave,but there is a clawback should the employee resign within 12 months of returning from maternity leave.

We calculate the clawback on a gross salary plus allowances and any benefit payments, eg: Basic pay, plus travel allowance, plus company paid medical aid, plus company paid provident fund, and deduct the sum of these from any outstanding money due to the employee. We deduct the total due as an advance and credit the cost centre accordingly....

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Debit Loan Accounts & DWT

  Written by Marc   Posted 21 November 2014

I'm the sole member of a CC & have a debit loan account amount of approx R200,000 for the 2014 tax year.I believe that this raises certain DWT issues etc and was wondering if the CC charges me market related interest on this amount for the year & adds this amount to my loan account, would this solve my problem & not have to declare a dividend to balance the loan?If also heard that if the deemed dividend rule (DWT) will not apply if the loan is repaid or otherwise extinguished by...

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What is meant by "reduced assessment" and "additional assessment" in my ITA34?

  Written by Marc   Posted 21 November 2014

Hi TaxTim.

What is meant by "REDUCED ASSESSMENT" and "ADDITIONAL ASSESSMENT" in my IT34?

Thanks in advance.

Started late in the year - when do I file and will I receive a refund?

  Written by Marc   Posted 21 November 2014

I started working at a company in August of this year (2014).My gross annual salary is R360,000/year.Since I am paying taxes based on a full 12-month cycle but would only have worked 7 months by End of March 2015, when do I need to file my first tax return and would I be eligible for a refund?Many thanks,Gideon

Am I deducted or refunded?

  Written by Marc   Posted 21 November 2014

I am from the SARS for the first time in my life to submit my tax returns, I have received a sms Amount -R1459.79 does this mean its penalty or its an amount I receive on my bank?

What does "Return - Data Submitted to ITS" mean?

  Written by Marc   Posted 21 November 2014

Hi, my SARS status says "Return - Data Submitted To ITS" and has not changed since I submitted my assessment on 2014/09/07.

No one has asked for any documents or anything else, and I have not gotten any sms's from SARS as yet.

I did make a change to my assessment yesterday but reverted the change and saved again so the table with the Return Type, status, date, etc shows two records. One with a status of "Filed through eFiling" and the other with "Saved".

What doe...

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Do I need to include my pdf certificates?

  Written by Marc   Posted 21 November 2014

Do I need to include my IRP5 certificate, Momentum and medical aid tax forms with my return?

Medical Aid on ITR12?

  Written by Marc   Posted 21 November 2014

Where on my TaxTim submission do I enter the medical aid amount I have paid?

VAT REFUND - WHEN WILL IT BE PAID?

  Written by Marc   Posted 21 November 2014

HI I HAD FILLED MY VAT REFUND AND THEREAFTER REALISED THAT IT WAS IN CORRECT AFTER I HAD FILLED MY CORRECTION IT ADVISED ME THAT MY REFUND VERIFICATION WAS COMPLETE DOES THIS MEAN I DONT NEED TO SUBMIT SUPPORTING DOCUMENTS. AS THE GREENLIGHT HAS REFLECTED?

What does minus mean on my tax return results?

  Written by Marc   Posted 21 November 2014

If assessment notice has a negative in front of the amount stated, does that mean you owe SARS?

Went from being owed to owing SARS money?

  Written by Marc   Posted 20 November 2014

Hey there, I am very confused. I originally filed and I was due a refund of R5429, but then I was asked to submit supporting documents . When I did this ,I was notified that I now have to pay R4790 back to SARS. I do not understand what is happening, how do I go from being owed money to now owing money? I really hope that you can help me.

How to file notice of objection on eFiling?

  Written by Marc   Posted 20 November 2014

How to file a notice of objection?

where to fill in the primary rebate amount on the 2014 tax return form?

  Written by Marc   Posted 20 November 2014

Where do I fill in the primary rebate amount on the 2014 tax return form, for PAYE tax payers?

How do I know whether to deduct wear and tear or lease payments on travel claim against allowance

  Written by Marc   Posted 20 November 2014

I receive a vehicle allowance and use a hired purchased vehicle for business use and need to know how to choose between depreciation (wear & tear) or lease payment on Travel Claim Against Allowance.

I guess what I'm asking is whether SARS sees a hired purchase payment the same as a lease agreement payment.

May I choose between the greater of the two?

Will I get a refund in november wrt my medical aid?

  Written by Marc   Posted 20 November 2014

for the last 2 years I received a refund from SARS re: Medical Aid in Novemberwill I get one this year?

proof of residence

  Written by Marc   Posted 20 November 2014

What documents can be used as proof of residence?

PAYE interest payable table - 2013

  Written by Marc   Posted 19 November 2014

I am a small business that have neglected to pay PAYE and UIF since May 2013. Am wanting to file and make payment, could you assist with the table for calculating the interest? Would appreciate your urgent assistance!
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