Omitted to declare something on my return to SARS, now what?

  Written by Marc   Posted 19 November 2014

My husband's tax consultants are busy completing his 2013 return. He was giving details about the sale of our old citi Golf for which we got R18 000. I suddenly remembered that that car is actually in my name not his. I've already been assessed for my 2014 return with no questions asked. I didn't have to pay anything nor get any refund. (Even if I had added this amount to my Capital Gains from an investment I have, it would still be way below requiring me to pay any tax on it. What should ...

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Tax refund query - Maternity

  Written by Marc   Posted 19 November 2014

I had to pay back my salary that was paid while on maternity leave (due to resigning). Can I claim back from Sars? I did not receive any money from UIF.

Maximum amount under code 3703

  Written by Marc   Posted 19 November 2014

My company reimbursed me an amount of over R50k on code 3703 (non-taxable reimbursement) for fuel used during the tax year. SARS then moved the full amount to code 3702 (taxable reimbursement) saying that this amount exceeded the max allowable for code 3703 which is R25920 (8000km x R 3.24). They now want me to pay more than R15k in additional taxes. They asked me now to provide an amended IRP5 showing not more that R25920 under code 3702 which I have requested from my employer. Is there anythi...

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I only earned interest R342K pa what will my tax liability be?

  Written by Marc   Posted 19 November 2014

I only earned interest R342K pa what will my tax liability be?

Why do I not get more back from SARS?

  Written by Marc   Posted 18 November 2014

What does it mean if for the last 3 years I've gotten R0.00, -R0.26 and -R0.33 as a refund?
Most of the people I've spoken to say that I should be getting something substantial back from SARS.

Want to declare my expenses like medical and get my refund

  Written by Marc   Posted 18 November 2014

Want to declare my expenses like medical and get my refund?

Audit - what does it mean?

  Written by Marc   Posted 18 November 2014

I have submitted my tax return on eFiling and I was selected for an audit, now I see there's a notice stating statement of account tax assessed. Does that mean my audit is completed? If so how long does it take for pay out?

Great website, very informative....

Query for Tax Tim Website - want to know what documents to bring along to the internet store before.

  Written by Marc   Posted 18 November 2014

What documents do I need when asking tim to complete my SARS tax form? IRP5 and anything else ?

If a educational service is rendenderd can I claim depreciation on laptop and other expenses?

  Written by Marc   Posted 18 November 2014

I rendered services to a home schooling business by draw up exam papers for them and receives the money by electronic payment. No tax is deducted by them because I am not on their payroll. Can I deduct depreciation on my computer. Can I claim any other expenses like internet service, printing. Can I claim a home office?

Incorrect Submission

  Written by Marc   Posted 18 November 2014

I Submitted my returns through Tax Tim and upon completing, I was advised by SARS that I had a refund of R11,123.67. Unfortunatly, I realised I had submitted incorrect amounts, in my submission. I requested a correction on the SARS website and resubmitted the correct amounts. I am subsequently by informed I now owe SARS R11123.67. Please advise

Cruise ship salary - is it taxable?

  Written by Marc   Posted 18 November 2014

I work for a cruise ship company and receive a monthly salary. I have been outside of SA for over 183 days and 60 days consecutively. I do not get an IRP5 from them. I understand that I will be exempt from taxes under s10 (1)(o). I am however uncertain where to document this in my ITR12. Do I document the entire amount under "amounts considered non taxable" under the heading exempt amount? Or do I work out the exempt amount according to the number of days I was abroad? The form also has a sectio...

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What is the - sign for on my ITA34?

  Written by Marc   Posted 17 November 2014

when an assessment is done and I get a refund amount with a - sign what does it mean e.g refund amount -R 300.00

Refund expectation from SARS?

  Written by Marc   Posted 17 November 2014

I have a question related to your entry: "What?%u20AC%u2122s the delay with getting my SARS Refund?". I have received my completion letter, so I am done with stage 1. I just wanted to know: Have you had any luck in expediting some refunds at this stage? Would it benefit me to go to a SARS office to try and spur the process on?

Thanks for your help!

SARS need documents. What do I do?

  Written by Marc   Posted 17 November 2014

SARS need documents. What do I do?

Must I go into SARS to register bank details?

  Written by Marc   Posted 17 November 2014

Hi TaxTim,

I have submitted my tax return for this season and I am owed a refund by SARS.
I have never filled in my banking details before as have only been working for 1.5 years now. Must one always go into a SARS office to register bank details if one hasn't been asked? Or can I simply do it on efiling and only if they request me to go in, then I should?

Finally, if I am required to take all the banking documentation into a SARS office, can I do it when tax season is over? Or must I do it before the 21st of November? ...

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Documents requested for second time

  Written by Marc   Posted 16 November 2014

Hi TaxTim,I had my tax return done by a tax practitioner who informed me that I neeeded to submit all documents again after he submitted everything for the first time. After some time I called sars to find out what the progress was and they told me it was all done and sorted, just now I had to wait an additional 30-90 days until sars would pay my tax return. Is this common? Last year I did not have to submit again and received my return after 5 days. Also, will the sum of the first assessment s...

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My Audit with SARS is taking forever...

  Written by Marc   Posted 15 November 2014

I have submitted my tax in June. Have been audited x2,and still haven't heard anything from them. Went to SARS offices last week, they can't give me any answers, just that it is still with the auditors. What must I do?

Does SARS charge a penalty on the late submission of an income tax return with a refund

  Written by Marc   Posted 14 November 2014

Hi TaxTim,

This year was my first year of employment and as such I registered for tax. Additionally, I only received a salary for two months during the tax year (January and February). I therefore fall below the tax threshold and should receive a refund of the PAYE that was paid.

I am busy trying to register on e-Filing in order to submit my tax return on time (before the deadline of 21 November 2014). SARS has however requested that I go to the SARS branch to verify my banking details in order to successfully register me on e-Filing....

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If I dismised SARS will pay back my contributions?

  Written by Marc   Posted 14 November 2014

Can I get something or money back when I not working at my company?

How long does it take for new bank details to be verified?

  Written by Marc   Posted 14 November 2014

How long does it take for new bank details to be verified? I went into a SARS branch and submitted all documents, and received a confirmation email saying that my 'updated registered particulars can be viewed on efiling'. However, my bank details have not updated on efiling, and it won't let me submit my return until the new details have been verified. Tax returns are due next week Friday

Depreciation Disallowed?

  Written by Marc   Posted 14 November 2014

On my previous ITA34 SARS said that the amount refundable to me was R-6153.46 (there was a depreciation value of R2533.00 for a laptop that I use for work purposes). Now I have received a new ITA34 assessment stating that I owe SARS R633.25. The statement says DEPRECIATION DISALLOWED.

I sent them the original purchase tax receipt for the laptop, was I supposed to send them something else? What must I do now?

IRP5 form reflecting less periods than worked, but correct remuneration.

  Written by Marc   Posted 14 November 2014

My company was acquired by 24.com halfway through last year.
On my IRP5 form it lists 4 periods since we were taken over, but only 6 periods for the time prior to that instead of 8 to make up the full 12 tax months that I was working for.

The remuneration is correct and reflects my payment for all 12 months, but with only 10 periods reflecting and not 12, I am nervous SARS will assume I am paid more monthly than I actually am and move me into a higher tax bracket or claim more tax from me? Please can you advise, I want to submit my IRP5 in time but not its financially detrimental to me and my other colleagues and payroll doesn't seem to know what's potting. ...

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Rebates calculation

  Written by Marc   Posted 14 November 2014

How does the rebate on your assessment get calculated?

Would like to have a trial run without submitting a returns.

  Written by Marc   Posted 14 November 2014

I do not want to submit for this past returns.
However I would like a trial run to see what I need for the next one.

Selected for audit and need tax clearance certificate?

  Written by Marc   Posted 13 November 2014

I have been selected for a SARS audit. I need a tax clearance certificate to continue my business, but it appears that SARS will not issue one. Where do I go from here? It would appear I go out of business because I have been told by SARS that the audit process takes anywhere from 3 to 12 months to complete. Is there anything I can do?
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