Penalties Posts in Tax Q&A

Vehicle repayments



Hi Tim I am a solely commissioned based earner for one company can I claim vehicle repayments

Is there a penalty when SARS is late in payment to a taxpayer?



Hi there,
Is there a penalty when SARS is late in payment to a taxpayer? If so, what is the penalty. Hopefully this works both ways. I'm eager to know. It would be much appreciated. Kind regards

New business provisional tax



I registered a new private company in late September 2015 and would like to confirm by what date the first provisional tax return must be submitted. The company's financial year end is February. On the Notice of Registration with SARS, it states that the company is required to make provisional tax payments as from the 2017 tax period and that the date of liability for provisional tax is 2016/03. Many thanks

What are the admin penalties, if any, for late submission of the second provisional tax return



Apart from the potential penalties for under estimation of provisional tax, are there additional (separate) penalties for non/late submission of the second provisional tax return?

Independent Contractor Setup



Hi TaxTim

Great site!

I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an IC, do I pay companies tax as well as personal income tax?
2) Do I deduduct all claims and deductions (medical aid, RA) prior to paying over tax, or only when I reconcile/ file tax?
3) How many times a year do I need to file tax returns?
4) Do I need to setup PAYE and UIF?
5) Income will exceed R1m per year, so vat should be registered. If true, When do I pay vat over to SARS and what paperwork is involved?...

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Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one



Hi tim to claim my late husbands provident I was asked to obtain a tax number but I do not have one as I was never employed in my life what type of tax form do I fill in to receive my late husbands provident fund

Declaring Foreign Income



Do you need to now declare your foreign income in your tax return? I work and live in Dubai and only tax return to South Africa once maximum twice a year for a maximum of 30 days. I file a tax return every year declaring my rental income and local interest from South Africa, but I do not declare my foreign income as I am out of the country for more than 184 days which 61 are consecutive.

When one spouse married (ICOP) does not file a tax return can the other spouse be held liable?



When married in community of property can one spouse be held liable by SARS if the other spouse files their tax return late or simply does not file their tax return?

Open blocked account and merge 2 together



Why does SARS close a new registered account after a few days?
Is it because we took to long to submit documents or is that normal. Why does it always says that your detail entered is incorrect. How can I merge the 2 accounts together which I have registered. I did not submit for 5 years and paying penalties but this must stop now. I need to submit today. Help

How to get a Tax Reference number from SARS



I am a small employer of 5 people, all earning about R3000-00 pm. I have been told that all of my staff members need to submit to me their tax reference number. Is it correct that every person who has an ID number has already been issued a tax reference number by SARS? If this is the case what is the most effective way of getting the number. I have let my staff call SARS from my office on numerous ocasions to enquire without success. As I believe that there is a deadline for this looming immin...

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Returing to SA from Canada - Do I pay tax in SA on Canadian income ?



I immigrated from SA in 1997 and lived in Canada since - also became a Canadian Citizen
Now tax returning to SA as a resident - lost SA citizenship
Leaving all my wealth in Canada and remaining a Canadian Citizen
My wealth is invest on the TSX
Will buy a home in SA and transfer money as I need it
I will continue to pay taxes in Canada
Do I have to register in SA as a tax payer and pay tax on my Canadian income?

When does AP34 apply?



What is an AP34? and why does one get penalised

How does RSA Tax work if I am earning abroad



I am currently a teacher in Vietnam, I have been here since July 2015, and have been earning foreign currency. I am about to start transferring money into my RSA account for some debit orders. I would like to find out- how does my tax work if I am earning abroad? I do not want to be penalized in any way. I am a registered tax user and I have enjoyed tax returns every year since 2012.

How can you claim a late person's tax money?



My father passed away last year and he didn't claim his tax money, so I want to know how can we claim his tax money?

Jointly owned rental property and non-mortgage interest.



A rental property is jointly owned by two individuals. There is no registered bond over the property, however each part owner has contributed funds to purchase the property. Can a loan be created and interest charged on this loan to each of the owners and a corresponding interest deduction against the rental be claimed?

IT3b on loan accounts for tax purposes?



If you earn interest on loan accounts from your company and the company do not issue IT3b from the company what do you use as supporting docs for interest income?

Can I still query my statement of assessment after the tax returns deadline?



I completed my first tax return via SARS eFiling early November (I have only been working for two years). After the SARS eFiling deadline, I checked to see my statement of assessment, and found it be by -20 cents. I am not sure if I filed correctly, but I was expecting a larger tax return. Is it too late for me to re-submit or correct my tax return, even though I initially completed it before the tax deadline?

Late submission of supporting documents



I submitted a tax return on SARS eFiling. A letter requesting supporting docs was issued but I neglected to upload within specified time. An additional letter was issued 21 days later, when our practice was closed for the December holidays. Once the additional assessment was issued I only realised that the documents were never submitted. I uploaded the documents on the open link. The Sole Proprietor's expenses was denied against his income and now has a massive tax debt. During the year I submit...

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How do I submit a late IRP5 for a previous tax year on SARS eFiling?



I have submitted my tax return for this year but have been told they won't pay out until I submit my outstanding tax returns from last year (fair enough). I wasn't earning a salary for most of last year but I believe I still need to submit the IRP5 which covers the last month of my employment with my previous company from that year. I got hold of my previous company and they sent through the form really quickly but I can't figure out how to submit for a previous year on SARS eFiling. The SARS he...

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When was the cut off date for filing tax returns?



When was it closed?

I'm due for a refund but still owe SARS...



I'm due for a refund but there's a 'hold-up' as I owe SARS something from 2009. I'm not sure what to do fro this point forward - where or how do I find out what is owed - how can SARS be owing me when I owe them - why weren't there red flags or bold flashing print popping up when I completed my annual tax returns?
It's like they're hiding the fact that I owe them and I've now probably encured some hefty penalties and interest... ;(

What do I do?

Closing date ITR12



What is the closing date for submitting the ITR12's

Loan to Company to purchase goods



I have a EME business and from time to time I use my private bank account to purchase items for orders I receive. When I then get paid by the customer I just transfer the money I loaned to the Business beck to my private account. Is that acceptable to SARS and what records must I keep?

Will I be penalized for not filling in a tax return for last year and this current year



I have been working for 2 years now, I started 3 December 2013 and I never filled in a tax return before. I only became a permanent employee 1 April 2015 and only then started contributing towards a medical aid and pension fund. I have missed the 27/11/2015 tax return deadline. I am not sure how this whole process works. Will I be penalized for not filling in a tax return for last year and this current year. I will be more than happy to pay for your services. Regards

Tax on Loans



If my brother gave me an interest free open-ended loan - what would the tax implications be?
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