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Salary / IRP5 Posts in Tax Q&A

When will I receive my refund?

  Written by Evan  

Hi Tim

Awesome site, assistance and insight - well done!

I did my tax return last week (15 July 2015) and my assessment cam back as - R 8840. 32. I believe that this is the amount owed to me etc. When can I expect this amount do be paid out into my account. As it is already a week later? I am not selected for audit, nor do I have any outstanding documentation. Thanks for your assistance.

Time frame for refund after submitting documents for review

  Written by Evan  

Awesome service - well done on this easy to follow and easy to understand website!

I have completed my tax return on the 2nd of July. I then received an IT34 Assessment which stated that my tax will be verified. I submitted the Medical aid and Retirement Annuity tax certificates as support documentation since these were the only ones I received. In my tax return my IRP5's was already logged - I did not receive any other ones I only have the three in total and they were on my form already...



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Cut off salary per year for tax return?

  Written by Evan  

What is the cut off salary for an income tax return in South Africa per year?

Allowable deductions on property for tax purposes

  Written by Evan  

I bought a property in the previous tax year and paid initiation fees which were included in my bond account. Can I include the initiation fees as bank charges when doing my income tax return? Also the tenant didn't like the color paint in the house and we had to repaint the house can I deduct that cost under repairs and maintenance?

Confuse to being taxed so much and not getting anything back from provident

  Written by Evan  

Why don't I get a tax refund from my provident fund seeing that I'm still unemployed my fund is @ R132300 I get taxed R19000 on it and what do I get back?

Submitted Tax Return - No response from SARS

  Written by Evan  

Hi Tim, I submitted my SARS e-filing tax return on the 1st of July, but have as yet not heard anything from SARS, this is the first time it has ever taken this long, could there be something wrong on my tax return? I was selected for auditing, as I was the last three years.

Deduction againt 3713 other taxable allowance

  Written by Evan  

My cell phone allowance is reflected under code 3713 (taxable allowance)
Where on the tax return must I complete the cell phone deduction?

Medically boarded assistance

  Written by Evan  

Will you be able to assist someone for 2015 tax filing who was working in 2014 but has since may 2014 been medically boarded? What documents would you require for this?

Do I have to fill in tax forms is I received money as a gift from a friend abroad?

  Written by Evan  

A friend of mine in America has given me some money as a gift. It is mainly to cover monthly living expenses. I am a student with no income and I still live with my parents. Do I have to fill in tax forms for the money?

Audit processes delay

  Written by Evan  

I submitted my tax returns for the new tax year on the 2nd July. Simple, just my IRP5 and medical aid tax certicate. They asked for the supporting documents, done this on the 2nd.

The call centre agents are useless. When will I get paid my refund? The amount is -R8500. First time SARS owes me so much money ever. I filed my tax returns early and submitted the docs same time, now why the delay?

4018 on IRP5 - Do I claim on this or not?

  Written by Evan  

I have no external RA or income protection policies, just what ever the company offers. I see that I have a 4018 deduction on my IRP5 for R980. When doing my tax returns do I select I have a RA/income protection on the form wizard which populates the fields to enter? Do I fill this amount in, as if I do I break even and then do not owe, but if I leave it out I owe SARS.

I was told that this was not to be filled in as its a deduction on my IRP5 and is already calculated but I do not ...



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Claiming medical expenses for birth

  Written by Evan  

I am confused and need assistance. I spent in the region of R50000 on medical expenses in September 2014 as my wife gave birth. I paid this all in cash as I am not on medical aid. Is there any way I can claim any of this back when I submit my tax return?

How much tax will be deducted if my monthly salary is R7560?

  Written by Evan  

How much tax will be deducted if my monthly salary is R7560?

Married person pays less PAYE than single person

  Written by Evan  

Do you pay less PAYE if you are married than someone who is single?

How much is my monthly tax?

  Written by Evan  

I want to know how much is my monthly tax. I earn R7000 a month with no benefits.

How much income tax will I pay on additional income from freelance consulting?

  Written by Evan  

I am receiving R50,000.00 in this tax year for freelance consulting fees using my personal experience to assist individuals to optimize their asking price for their house. I am not a registered business and I am currently employed and receive an IRP5 every year. This will be the first tax year that I have to declare additional income. It is all done legally through attorneys who does the transfer of the properties. Should the attorneys be issuing me with an IT3 certificate which I will then use ...



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Status after audit?

  Written by Evan  

I submitted my tax return on the 7/7, I was then asked to submit documents which I did on the 9/7. I received an ITSA on the 10/07. Where on the website can I check my status and how long does it usually take for the refund to pay out? According to the IT34, I should be expecting R7k.

Do I enter the whole wear and tear value in my tax return or only the "official" part?

  Written by Evan  

When calculating the wear and tear on my car I take the original cash purchase price and divide that by 5. Do I then enter that value in my tax return (same as all other deductions) and SARS then automatically calculate the "official" part thereof from the kilometers I entered, or do I do the calculation myself and then enter the "official" part in the tax return?

Two IRP5 - why is refund lower?

  Written by Evan  

I have two IRP5s, when I submit each tax return individually my refundable amount on one is - R28000 on and -R24000 on the other. When I add them together my total refundable amount is -R18000?

I don't understand how the amount would come down? Surely they should be added together?

Tax on interest-only source income

  Written by Evan  

If your only source of income is from interest, how is tax calculated?

SARS need return submitted for 2008 and 2009

  Written by Evan  

SARS has requested that complete my tax returns for 2008 and 2009. I requested the IRP5 from my HR department but they don't have the records anymore.

SARS Refund is a large amount of money. Why and how?

  Written by Evan  

Hi

I just completed my tax return and my ITA34 (whatever it's called) showed an amount of R15 000 is refundable to me. Of course, SARS requested proof of documentation; I only uploaded my Retirement Tax Certificate and Medical Aid Tax Certificate - are there any other forms outstanding?

My question is: Why would I be (hopefully) receiving so much money? I started a new position (meaning higher salary and position upgrade) in September 2014 - could this have an impact?



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Claims against Travel Allowance

  Written by Evan  

In what instances could you claim maintenance expenses, toll fees and tires against a travel allowance?
A proper logbook has been kept of all business km, therefore currently doing the calc based on fixed cost per km and multiplying this with the total business km.

Never claimed for a tax refund before, is it possible to get refunds for every year since I worked?

  Written by Evan  

I have never claimed for a tax refund ever since I started working, so I need clarity on whether I can claim for every year since I have been employed, I have all my IRP5's, and I'm not so sure if I will get a return on some of them. So I need to know if it is possible that I do not get a tax refund, I pay medical aid, UIF, Provident fund etc. I am actually afraid that I will pay you guys and not get anything in return. Your response will be highly appreciated. Thank You.

Should I pay tax and what amount?

  Written by Evan  

My gross salary per month is R8622.90, should I pay tax & what amount?
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