Written by Marc
Posted 18 November 2014
Written by Marc
Posted 18 November 2014
Written by Marc
Posted 18 November 2014
Written by Marc
Posted 18 November 2014
Written by Marc
Posted 18 November 2014
Written by Marc
Posted 17 November 2014
Written by Marc
Posted 17 November 2014
I don't live in South Africa anymore but I did contribute to a medical aid last year for 5 months. Plus I have an investment that has earned interest. I never earned any other income in South Africa, only in the country that I live in now. If I want to file my tax return I would only need to fill in the medical aid contributions and my local interest. On the first page of my tax return it does not allow me to create a form where both medical aid contributions and local interest appears. If ...
Written by Marc
Posted 17 November 2014
Written by Marc
Posted 17 November 2014
Written by Marc
Posted 17 November 2014
Hi TaxTim,
I have submitted my tax return for this season and I am owed a refund by SARS.
I have never filled in my banking details before as have only been working for 1.5 years now. Must one always go into a SARS office to register bank details if one hasn't been asked? Or can I simply do it on efiling and only if they request me to go in, then I should?
Finally, if I am required to take all the banking documentation into a SARS office, can I do it when tax season is over? Or must I do it before the 21st of November? ...
Written by Marc
Posted 15 November 2014
Written by Marc
Posted 15 November 2014
Written by Marc
Posted 15 November 2014
Written by Marc
Posted 14 November 2014
Hi TaxTim,
This year was my first year of employment and as such I registered for tax. Additionally, I only received a salary for two months during the tax year (January and February). I therefore fall below the tax threshold and should receive a refund of the PAYE that was paid.
I am busy trying to register on e-Filing in order to submit my tax return on time (before the deadline of 21 November 2014). SARS has however requested that I go to the SARS branch to verify my banking details in order to successfully register me on e-Filing....
Written by Marc
Posted 14 November 2014
On my IT 3(b) I have for SARS source code 4112 (Foreign withholding tax on dividends) an amount of -R 68.93.But eFiling does not allow me to enter a negative value for SAR source code 4112When I posed this question to 2 of my investment institutions, I got 2 different answers.The 1 said:Make it a positive value and the other said:The tax in question is one that has already been deducted by the foreign constituent in the country of origin(appears as a negative value), it should therefore not be d...
Written by Marc
Posted 14 November 2014
Written by Marc
Posted 14 November 2014
Written by Marc
Posted 14 November 2014
My company was acquired by 24.com halfway through last year.
On my IRP5 form it lists 4 periods since we were taken over, but only 6 periods for the time prior to that instead of 8 to make up the full 12 tax months that I was working for.
The remuneration is correct and reflects my payment for all 12 months, but with only 10 periods reflecting and not 12, I am nervous SARS will assume I am paid more monthly than I actually am and move me into a higher tax bracket or claim more tax from me? Please can you advise, I want to submit my IRP5 in time but not its financially detrimental to me and my other colleagues and payroll doesn't seem to know what's potting. ...
Written by Marc
Posted 14 November 2014
Written by Marc
Posted 14 November 2014
Written by Marc
Posted 14 November 2014
Written by Marc
Posted 13 November 2014
Written by Marc
Posted 12 November 2014
Written by Marc
Posted 12 November 2014
Written by Marc
Posted 12 November 2014