Is a verification of income tax return the same as an audit?

  Written by Marc   Posted 1 July 2014

Is a verification of income tax return the same as an audit?
I know SARS says 21 days but has anyone's verification been complete and paid out before 21 days?

I have never claimed before.. I want to submit my IRP5's, now what?

  Written by Marc   Posted 1 July 2014

I have been working for various companies, earning not very much. in the past 1 year and 6 months I worked for a company where for the first time got an IRP5.. and money was being deducted from my commission. I don't know much about tax, and I never claimed. no medical aid..

what do I need to do?

Final Assessment on the ITA34?

  Written by Marc   Posted 1 July 2014

My final tax assessment on eFiling reflects R-12000 (negative) for 2014 and R2000 ( ) for 2013, do I owe SARS money or they owe me?

Am I liable for tax on the repayment of a loan account and how do I reflect this in my tax return?

  Written by Marc   Posted 1 July 2014

I invested (in the form of a loan account) in a start up private company as a shareholder at the end of 2004. I have been receiving monthly income from the company since mid 2013 as repayment of the original loan account plus annual interest. How do I account for these repayments in my tax return and am I liable for tax on these repayments of the loan account?

I claimed medical and traveling what is the supporting docs necessary for SARS?

  Written by Marc   Posted 1 July 2014

I claimed medical and traveling what is the supporting docs necessary for SARS?

Do I get tax refund money this year?

  Written by Marc   Posted 1 July 2014

I want to know if I get tax refund this year?

Is a commission based salary taxed differently?

  Written by Marc   Posted 1 July 2014

A lot of people have told me that you get taxed more on a commission based salary than on a fixed monthly salary but I cannot find any evidence to support this. Is it true? Are you taxed more on commission earnings?

Do I owe SARS?

  Written by Marc   Posted 1 July 2014

Do I owe SARS for this tax year?

Being taxed for free or cheap housing

  Written by Marc   Posted 1 July 2014

I am being taxed on an amount for free housing. When will I pay less tax? If I get the amount as salary and pay it over to my employer as rent or if they deduct tax from my salary for the free housing.

Two IRP5 documents?

  Written by Marc   Posted 1 July 2014

I worked half of the year for one company and the other half for another company.How do I submit my tax returns having two IRP5 documents?

What documents do I need as a 1st time IRP5 submitter?

  Written by Marc   Posted 1 July 2014

What documents do I need as a 1st time IRP5 submitter?

My CTC is R22 000 with 50% contribution from company on medical(R1976), how should tax be calculated

  Written by Marc   Posted 1 July 2014

I have a CTC of R22,000 and included in that amount is the 50% medical contribution from the company, how will my tax be calculated. My medical aid is R1976.

Will I get a refund with a non taxable salary paying a medical aid of whereby the employer pays 50%?

  Written by Marc   Posted 30 June 2014

My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00

What does the final conclusion of reduced assessment mean to me as a taxpayer?

  Written by Marc   Posted 30 June 2014

I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?

Do I have to submit any tax return or form if I stopped working for the past tax year with no income

  Written by Marc   Posted 29 June 2014

Hi Tax Tim, I use to work but stopped. Do I now have to send a tax return for the last year if I do not get any income anymore?

Quick calculator for tax purposes?

  Written by Marc   Posted 29 June 2014

Have you still a quick calculator?

Do SARS owes me?

  Written by Marc   Posted 28 June 2014

From last year January till march these year I was working. I was also paying tax so as tax return now how could I know if SARS owes me cause I was paying too much and I was working under contract.

Where will I find my work history on eFiling?

  Written by Marc   Posted 28 June 2014

How can I find my work tax history page or IRP5?

Refund of 2010-11 not recieved from SARS, what should I do?

  Written by Marc   Posted 27 June 2014

I have paid my full tax to SARS but the acknowledgement submitted by me manually on 1 August 2011, so till now refund hasn't been paid to me, so what I have to do.
financial year 2010-11
assessment year 2011-12

Transition from adviser to TaxTim?

  Written by Marc   Posted 27 June 2014

I am a provisional tax payer and have been using a tax adviser. My affairs are simply - I earn a salary and receive rental from 2 properties.

Are there any issues to consider with regards to the provisional tax I have paid?

Will I receive a tax refund if I was unemployed and still contributing to medical aid?

  Written by Marc   Posted 26 June 2014

I was unemployed from February 2013 to December 2014. I returned to work in January 2014. During that period I was still paying for medical aid. will I receive a tax refund?

Severance pay - how do I show it on an IRP5?

  Written by Marc   Posted 25 June 2014

I need to pay severance pay - what IRP5 code should I use to ensure it is taxed correctly?

Do you guarantee payment?

  Written by Marc   Posted 25 June 2014

Do you guarantee pay out as per return completed on your site?

If I received payment Iast year from SARS, must I submit again this year?

  Written by Marc   Posted 24 June 2014

If last year I received money from SARS, must I submit again To Dis year?Or

Which Source Code must I use, when I take out a loan from either a bank or a policy?

  Written by Marc   Posted 24 June 2014

If I take a loan either from a bank or from my policy which source code should I put on the tax return & where (under which heading? Income Received/Other Income)?Where can I find the document with the Source code relating to the above question? I downloaded the source codes booklet from SARS but there is no explanation on it for loans.
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