No IRP5 for previous years?

  Written by Marc   Posted 5 July 2013

Thanks for a great site! My question is I did my return on the 2nd July and I'm due for a refund. My concern though is I have been working for - 5years but this was my first return. Is it possible that SARS can penalise me for not filing in the previous years? There are no other IRP5's loaded on my profile so how would I know if I would need to file for those years.

Please assist, thanking you in advance!

Medical Aid & Retirement Annuity for pensioners?

  Written by Marc   Posted 5 July 2013

I am a pensioner so I filled in my medical aid under Code 4040 R16 446.00.

I also filled in Code 4006 for a small Annuity I have R198 per year.

When I run the calculation I have to pay in an enormous amount for a Pensioner. Have I inserted the above under the right Codes?

Reimbursive Travel Expenses -when is it taxable or non-taxable?

  Written by Marc   Posted 5 July 2013

My total reimbursive travel expenses are R13 802 for the 2013 tax year. My company rate is R4,30 p/km and I have received no travel allowances during the year. My IRP5 shows both 3072 R12 319 and 3073 R1 483. What code and amount should I put on my tax return?

Can I deduct car finance payments for tax purposes against a travel allowance?

  Written by Marc   Posted 5 July 2013

I do not lease a car, but I receive a car allowance. Can I deduct my car finance payments or the interest?

I was selected for an audit, received a letter of completion now how long must I wait?

  Written by Marc   Posted 5 July 2013

How long must I wait before getting a refund?

Where do I fill in local dividends (already taxed) on my 2013 ITR12 e-filing tax return

  Written by Marc   Posted 5 July 2013

All the online documentation says the shareholder (beneficial owner) should declare local dividends received in his ITR12 return, but I cannot find where to enter the information. Is it under Amounts considered Non-Taxable or is there an option in the tax wizard that generates this part of the form?

I submitted my tax returns via efiling, however I was chosen to submit documents for verification.

  Written by Marc   Posted 5 July 2013

How long will it take before I get my refund? I have uploaded my documents the same day that I had the request sent.

IRP5 query

  Written by Marc   Posted 5 July 2013

I have filled my IRP5 and pressed file, it generated a calculation and it says -R5 049
Does it mean SARS will pay me R5 049 or do I have to pay SARS this money ? I pay a lot of taxes through the company that I work for it seems pretty weird to me and after filing the details it appears on red -R5 049 and under it dispute.
in the end it says

Information declared that impacts this assessment:
Married in community of property

But I am single, could you please cl...

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What must I do or what is the next step after receiving a letter(completion letter) from SARS?

  Written by Marc   Posted 4 July 2013

I filed my taxes and documents were requested by SARS which I sent through. I received a letter called a completion letter. THis is what the letter says " Dear Taxpayer

VERIFICATION OF ASSESSMENT

We refer to the verification of your assessment for the 2013 tax period. Please note that no adjustment has been made to this assessment. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required....

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What is Allowable medical Deduction?

  Written by Marc   Posted 4 July 2013

When I submitted my tax return via SARS efiling last year, my tax calculation document stated that I had an "Allowable medical Deduction" (code 4008) of R8640. I am on private medical aid and my employer doesn't make contributions to my medical aid.

This year, (even though my total contributions (code 4040) for 2012/2013 have been higher), my "Allowable medical Deduction" is R0. What is this "Allowable medical Deduction" and how is it calculated?

What is an ITA34 for SARS purposes?

  Written by Marc   Posted 4 July 2013

What is an ITA34?

HI TIM, Wonderful Blog

  Written by Marc   Posted 4 July 2013

I worked in South Africa for 44 days in the Financial Year 2012-2103. I went back to India.
Recently I have efiled my Income tax return via online from India and I got ITA34 with the refund amount of Rand 7288.
With in a Minute I got email from SARS to submit few Support documents. I confused what are all the document I have to submit.
So I have submit the below document.

1) IRP5_IT3a
2) Discovery_Certificates
3) IT34
4) The document which I got from SARS regarding Support Document uploads...

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My Old Employer's Accountant is refusing to issue me with an IRP5

  Written by Marc   Posted 4 July 2013

My Old Employer's Accountant is refusing to issue me with an IRP5 based on an old salary dispute. How should I handle this? It has been submitted to SARS as the information appears on my ITR on E-Filing. I'm scared to submit the return without having the IRP5 incase I get audited. Help!

What is the tax implication if have use of a company car? and can I claim any deductions on my ITR12

  Written by Marc   Posted 4 July 2013

What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook?

When submitting return what documents do I need to have?

Medical Credit

  Written by Marc   Posted 4 July 2013

Hi Tim. Love the website!
So, what in essence is happening is: Unless your Over 65, Disabled, Very Sick and your Out of Pocket expenses are ridiculously high and your salary very low and you contribute to 50 dependents your not going to get your refund?
Does SARS realise that this is the one time per year that regular salary earners can look forward to getting something back and now they have very cunningly taken that away from them and put that money back into their own pockets?!

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Rebates

  Written by Marc   Posted 3 July 2013

I just requested a calculation on my tax return and I had to get a 7500 refund. So I submitted. Now that I have submitted my ITA34 says I'm only getting a 1500 refund. My taxes are up to date and I don't owe SARS anything. How do I go about this?
It looks like it has something to do with rebates? What is rebates?

How do you apportion depreciation for a PC with both business and personal use?

  Written by Marc   Posted 3 July 2013

I bought a computer for my work (I'm a sole proprietor) and I believe that I have to apportion any depreciation I want to claim on it on my ITR12--although it is mostly used for work, I do use it a bit for non-business purposes as well.

Could you please tell me how I would calculate an apportionment like this and if I would have to have been keeping records of use for the computer?

Can I resubmit my tax after I received payment? I forgot to add disability expenses.

  Written by Marc   Posted 3 July 2013

I submited my tax via eFiling and have received my payment as I claim for disabilty. I however only found out now that I can claim for my children school fees as they both attend special needs schools and the disabilty claim is for them. Can I request a resubmission just adding the school fees in as a disabilty expense

Cellphone depreciation?

  Written by Marc   Posted 3 July 2013

What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?

Allowable Medical Deductions

  Written by Marc   Posted 3 July 2013

My monthly medical aid premium is paid to the scheme through the company (it forms part of my cost to company) but I cover the cost 100%. The total for the year is R31 694 (for me and my son).

I have additional medical expenses not covered by my MA totaling R5 900 for the year.

2 questions:

a. Am I able to claim an allowable medical deduction?
b. where on the e-filing form would I enter them?

Extra Tax deducted

  Written by Marc   Posted 3 July 2013

I recently underwent a Tax audit last year as I haven't regularly paid taxes for a few years. SARS did the audit and siad they owed me x ammount but I also owed the y ammount. They paid out the x ammount deducting their Y ammount from the balance and all was good. The end of last year and the this year they all of a sudden started deducting R1600 off my salary for some special tax owed.This was for about six to eight months of deductions I have just been to see them to submit this years Tax form...

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Provident fund transfers to Retirement Annuity - are there tax implications?

  Written by Marc   Posted 2 July 2013

I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the ...

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When will 'supporting documents' section appear?

  Written by Marc   Posted 2 July 2013

I have submitted my tax return via efiling on the 1st of July and immediately received an email saying I need to submit supporting documents. The problem is the section on my efiling profile which allows me to upload these is not showing there yet, now 24 hours later. Is this normal? How long should I wait?Thank you for this blog! Very helpful for a first time tax payer!

Owing R13 540 to SARS?

  Written by Marc   Posted 2 July 2013

I`ve just submitted my return and I received ITA34 saying I owe R13 540. When rechecking my return, I noticed that I didn't capture my annual PAYE tax on the required field. Is it possible for me to request a new return, correct the error and resubmit?

Can I claim medical expenses for 37 year old son who I have been supporting? He is not on my med ai

  Written by Marc   Posted 2 July 2013

I incurred around R4 000 medical expenses for son who is not on a medical aid or on mine. He is 37 years old and doesn't have any disabilities and is not studying. He is also unemployed since returning from overseas. All the medical documents show his name on it, however I paid for all of them via my credit card. Am I able to claim this from SARS?
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