Written by Marc
Posted 31 October 2013
Written by Marc
Posted 31 October 2013
Written by Marc
Posted 30 October 2013
Written by Marc
Posted 30 October 2013
Written by Marc
Posted 29 October 2013
Written by Marc
Posted 29 October 2013
My employer completes my ITR12 and as I don't have any other claims or income, it is usually fine to be submitted as is. However, SARS says I owe them money. As I understand from our finance department, my employer never attached the "Tax certificate on income replacement benefits" that states that the employees does have access to a disability income benefit. They said that this is the reason I owe SARS money and once I submit the certificate I will owe SARS nothing. How do I explain to SARS m...
Written by Marc
Posted 29 October 2013
Written by Marc
Posted 28 October 2013
Written by Marc
Posted 28 October 2013
Written by Marc
Posted 27 October 2013
Written by Marc
Posted 24 October 2013
Written by Marc
Posted 24 October 2013
Hi Tim,
I have read through your blogs and I have to express my amazement. Really great stuff! I
I completed my tax return last night via eFiling and I have only received an ITA34 almost immediately after filing it. According to the ITA34, SARS owes me R4954. Is there a difference between that and a ITSA? I have never received an ITSA in the past, but it seems like everybody does get one. How do I know that everything is in order and that my return is accepted? I have gone...
Written by Marc
Posted 23 October 2013
Written by Marc
Posted 22 October 2013
Written by Marc
Posted 21 October 2013
Written by Marc
Posted 19 October 2013
I recently filed my tax return through the eFiling thing and I was told by SARS that I am being audited. Because I am new to the eFiling thing, I submitted my return twice. The 'original assessment' which showed a -R3,684.00 amount contains the most accurate information as the main difference I noticed between the 'additional assessment' (which stated that I owe SARS over R2,000 ) and the 'original assessment' was the number of people covered on medical aid. In the original assessment, it stated...
Written by Marc
Posted 18 October 2013
Written by Marc
Posted 14 October 2013
Hi TaxTim, thank you for a great blog-site!
I have a question, I have submitted my tax, also got the letter requesting the IRP5 as code 4102, PAYE credit of R30 551.15 was being questioned. I have submitted the respective IRP5 for review already. Do you have knowledge of:
1. How they would go about inspecting whatever they feel might be wrong on it?
2. How long that process could possibly take?
3. Would they pay out another(next) year if the previous is under above review?...
Written by Marc
Posted 14 October 2013
Written by Marc
Posted 10 October 2013
Written by Marc
Posted 6 October 2013
Written by Marc
Posted 3 October 2013
Written by Marc
Posted 2 October 2013
I was employed in South Africa from Jan'2011 till 1st Aug'2013 (relocated to USA). I have filed my tax in 2011 and 2012.
Now I filed my tax return for 2013 through eFiling with all supporting documents. Post submission, I got an original assessment which showed me a credit of (ZAR -37,000); however it was also selected for audit and today after a month, there is another version of IT34 uploaded which shows an amount of (ZAR 820) which I need to pay to SARS. They have also mentioned that this IT34 doesn't show any amount calculated in previous assessment and that my statement balance is now (ZAR 37000 - ZAR 820 = 36,180)....
Written by Marc
Posted 2 October 2013
Written by Marc
Posted 2 October 2013