Foreign income - how to declare?

  Written by Marc   Posted 3 September 2015

Hi guys. I spent most of last year in the United States on an academic exchange program. I received a stipend from the US Government and they filed a tax return for me in the U. S. I did not earn significant income in South Africa last year (a small amount of freelancing, adding up to a few thousand rands in total). Do I need to submit a tax return? If so, I'm not sure how to do it, as I don't have any IRP forms etc.

Tax return shows minus amount on it

  Written by Evan   Posted 3 September 2015

Hey Tim I did my tax return and got a message says - minus an amount does that mean SARS needs to refund me?

Rectify a 2009 tax return. No IRP5s

  Written by Marc   Posted 3 September 2015

I was told that I had a 2009 tax return outstanding. The issue is that the company I worked for (Production company) never provided me with an IRP5. 6 years later and they still haven't and probably never will. I only had two jobs (TV adverts), and I earned under R15 000 and around R4000 in PAYE. I have the slips of what I earned, but no IRP5 for either job. I know one of the companies was reported to SARS fraud. What steps can I take to rectify this situation?

Why have I not received money from SARS yet?

  Written by Marc   Posted 3 September 2015

What do is mean when text message reads as follow : tape assesment: original amount -4000. 00 due to you.... Date of payment 1st 01/09/2015... 2nd 30/09/2015.. Does it mean I owe SARS Or SARS owes me...

Can I claim tax back on extra expenses related to my job?

  Written by Marc   Posted 3 September 2015

Say I am a teacher. A lot of teachers use their after-tax salary to pay for paper, pens, printing (etc) for school purposes. Is there a way to claim tax back since it is a work expense?
In this case, the school does not refund the money.

Can an affidavit be summited if its too costly to obtain a 3 year bank statement

  Written by Marc   Posted 3 September 2015

Hi

please advice.. An auditor phoned me this morning to submit a 3 year bank statement for supporting documents since I submitted tax returns for 2013,2014 and 2015. The problem im facing is that a 3 year bankstatement costs R1800... Ive already given them a 1 year bank statement. My question is can I submit an affidavit for the other 2 years saying that I cant afford the R1800 cost of the bank statement which they need to see my parents medical contributions coming out of my account.

Would he able to apply for a portion of the exemtion for being out the country for 60 days

  Written by Marc   Posted 3 September 2015

I have a client who was out the country from October 2014-December 2014-although his contract is from Oct 2014-Oct 2015 he completed his 66 consecutive days out the country. He came back and only flew out again end of Feb 2015. Because his contracted only started in October 2014, he would have completed the 183 days from Oct-Oct. Would he get a portion of exemption for the 60 consecutive days because its within the 2015 tax year.

When to hear from SARS after ITSA

  Written by Marc   Posted 3 September 2015

I have done my tax via eFiling and SARS requested extra documents which I did send. I then logged on again and saw an ITSA and since they have removed the ITSA and its quite from them. Should I be worried

Tax on severence pay and retirement lump sum

  Written by Marc   Posted 3 September 2015

How is tax calculated on severance pay and a lump sum withdrawal from a retirement fund. For instance I took voluntary early retirement and was paid severance pay of R 840000. I also withdrew a lump sum of R700000 from my retirement fund. I was informed they are handled as separate intentions for tax purposes, and do understand that only one will get R500000 tax free benefit.

What do I do with IRP5 and IT3a that I received at the end of my leanership?

  Written by Marc   Posted 3 September 2015

I worked one year for a leanership and now I have received IRP5 and IT3a, so what must I do with them?

Where is the interest on the bond for home office expenses claimed on the ITR12?

  Written by Marc   Posted 3 September 2015

Where do I claim the interest on the bond portion of my home office expense on the ITR12, is it under the "rental" section of the expenses?

Refund withheld due to supporting documentation denied

  Written by Marc   Posted 2 September 2015

As this was my first year registering and submitting my tax return, I submitted all tax returns up to 2008. I was thus requested to provide supporting documentation for the 2013 tax year. I uploaded my IRP5 document as proof via SARS eFiling, but this was denied. I do not have any other documentation as I am not claiming for any expenses. I do not have medical aid, nor received travel/petrol allowance etc. I do however contribute to a retirement annuity fund which I have included in my 2014 and ...

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Please advise on inheritance tax and interest income tax.

  Written by Marc   Posted 2 September 2015

I am receiving R 800 000 from my uncle, as part of an inheritance. Will I have to pay tax on this. I would like to invest it where I will receive a monthly interest that I can use, will I be taxed on this monthly amount. If so how much?

Where do I fill in the amount received for travel allowance?

  Written by Marc   Posted 2 September 2015

I am struggling to find the tab where I need to fill in the amount received for travel allowance, where do I fill in the amount received for the travel allowance?

So when am I going to receive the money from SARS?

  Written by Marc   Posted 2 September 2015

I received a mail last week 28,08,2015 from SARS saying no adjustment has been made, so when must I expect money in my bank

When is a CC liable 2 pay tax to SARS?

  Written by Marc   Posted 2 September 2015

From how much profits is a CC tax compliant?

When will SARS REFUND ME AS IT GAVE ME TWO DATES FOR PAYMENT NAMELY 1ST AND 30TH SEPTEMBER

  Written by Marc   Posted 2 September 2015

SARS gave me to refund dates 1 September and 30 September however it did not pay out on the 1st of September?

Does SDL go under UIF in taxable income calculation?

  Written by Marc   Posted 1 September 2015

Can we put Skills development levy (SDL) under Unemployment Funding Income (UIF) in our taxable income calculation?

Tax return with commission?

  Written by Marc   Posted 1 September 2015

I have never done my tax before. I've always earned a small basic and a lot of commission since I have worked as a beauty therapist. How do I go about submitting my tax return?

the only proof I have got for expenses are banking statements. I have received a IRP5 form for this tax year

Must I submit my tax or not?

  Written by Marc   Posted 1 September 2015

I started to work for a company and earn R240 000 p. A. I receive a fixed salary and enjoy no other fringe benefits or additional benefits at work and they deduct the tax from my salary and pay it over to SARS. Does SARS require anything else from my side?

No communication from SARS

  Written by Marc   Posted 1 September 2015

Hi Tim, 36 working days have now passed and still no word or refund from SARS. I submitted my documents for review on 10 July 2015. On following up recently, I was advised that the matter would be escalated and an agent would call me, still no call, no communication from SARS. It is getting a bit frustrating now as each time I call, I get the same answer, still busy with the audit. I know it can take 90 days, but surely once a matter has been escalated, the process should speed up somehow or do ...

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Assets and Liabilties - To whom does it apply?

  Written by Marc   Posted 1 September 2015

Does the asset and liabilities section pertain to business (if one is a director) or is it on a personal basis?

I don't have an IRP5 as I am an independent contractor

  Written by Evan   Posted 1 September 2015

I did not receive an IRP5 as I am an a independent contractor/consultant. All my income was derived through consulting work. Tax Tim is now saying that I need information from my IRP5 or there is a conflict. I am a provisional tax payer and yet the amount I paid in as provisional tax is never requested?

Deducting Training expenses

  Written by Evan   Posted 1 September 2015

I'm a self-employed private practice physiotherapist. Can I claim tax deductions on a one year course that I've completed to enhance my qualification? If so, are the monies used to buy the textbooks also deductible?

I owe SARS money, will it be deducted from my pension fund?

  Written by Evan   Posted 1 September 2015

I owe SARS - R18,000. My pension will be paying out soon, will they automatically deduct this from my pension or must I first pay this amount?
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