PAYE tax credits on IT14

  Written by Marc   Posted 13 September 2014

When completing the IRP6 you deduct the amount of PAYE allready paid. When completing the wizard to create the IT14 form, under Tax Credits it asks "Will the company be claiming any PAYE credits reflected on an IRP5 tax certificate" - would you complete this if you deduct PAYE from your employees, like on the IRP6? Or how does this section work?

accidently claiming for longer than I should have

  Written by Marc   Posted 11 September 2014

Hi Tim...Tx for your helpfull blog..i have handed in my tax forms together with the amount I claimed. When I packed my receipts etc away I noticed I made an error...I have by accident claimed for a longer period...up till September 2014. I noticed my mistake and redone it but being in a hurry I grabbed the wrong document in the morning.Needless to say I received an sms from SARS wanting me to send my receipts etc. to them.my plan was to go back on this Friday to rectify the mistake but I feel l...

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Compiling supporting documents for medical expenses not covered by medical aid scheme

  Written by Marc   Posted 10 September 2014

I have been asked to submit supporting documents by SARS for verification purposes and I was wondering what the requirement is with regards supporting documents for medical expenses not covered by my medical aid scheme?

On my Income tax certificate from Discovery there are two numbers given. Firstly one number for Contributions during the period and secondly a number for 'Claims not recovered from the Scheme'. I duly included these under the requisite sections when completing my tax return. ...

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Members share of claims paid on the medical aid certificate be included in qualifying expenditure?

  Written by Marc   Posted 9 September 2014

Should the members share of claims paid on the medical aid certificate be included in qualifying expenditure?

Can both employer & employee med aid contribution be used in calculating Add Medical tax credit

  Written by Marc   Posted 9 September 2014

I need to calculate the Additional Medical Expenses Tax credit to be included onto my Provisional Tax Form IRP6 for 01-2015. Half of my medical Contribution is paid by my employer directly to the medical aid and I pay the other half. Must I use both be added together to include in the calculation? Furthermore I have no excess medical fees/expenses. Another problem is that my 7.5% of my taxable income is greater then the medical value subtotal. This results in a negative value for the Addit...

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my refund is gone to accounts and indicator light shows green but not yet paid out? gone 1 week .

  Written by Marc   Posted 8 September 2014

I had submitted my VAT return and I was due a refund , I was told I can monitor my refund via the refund dashboard and my indicator light shows green for the past week now and I have phoned to find out how far it is and they had mention to me that it shows no documents required and and its at Accounts , that I should wait 21 days. what does this mean as I am confused any idea whats going on as I am new to this eFiling system and always call customer care for assistance?

PIT assurance issues at SARS?

  Written by Marc   Posted 8 September 2014

Good day, I have been referred to audit and when I called SARS they confirmed that they are busy with PIT assurance. It has been 2 months now with no correspondence from them what so ever.
Is this PIT a serious audit process because they do not want to disclose any time period?
Will this really take 12 months?

Calculated result for out of pocket medical costs?

  Written by Marc   Posted 8 September 2014

I am getting a 0.00 result when making nmy calculation but had a 21000, unpaid medical costs

How late can a request for correction of my ITR12 be made?

  Written by Marc   Posted 8 September 2014

A friend of mine, has submitted her IT12 by e-filing, she was then asked to submit supporting documents, once these were submitted, she was told that she will be audited as part of the tax compliance procedure. She is concerned because when submitting her IT12, she had lost her log book and had to redo this from memory and is now worried that the log book will be inaccurate and the audit will bring this up. As she doesn't want to get into trouble, she wants to know if it is still possible to do ...

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Can I claim tax this year?

  Written by Marc   Posted 6 September 2014

Can I claim back this year's tax?

Objection allowed, how long before SARS refunds me?

  Written by Marc   Posted 6 September 2014

I completed my 2014 tax return in July, but was then chosen for audit. After receiving a finalisation letter, I was chosen for a 2nd audit and requested to send more doc's. eFiling however was not "opened up" so the doc's could be uploaded, and an ITA34 was issued without the necessary doc's. I disputed the assessment, and received a notification that the objection was allowed on the 3rd of September. How long will it now take SARS to refund the money into my account?

When must I expect refund if I am selected for audit?

  Written by Marc   Posted 6 September 2014

I went to do my return on the 26 July 2014, I was selected for audit and I got the msg that I have refund so I am asking when am I going to get my refund coz its now long over due?

How long to wait for refund after change of banking details at a SARS branch?

  Written by Marc   Posted 5 September 2014

Afternoon, I submitted my IRP5 at SARS Springs branch on Tuesday 2/09/2014 and I got an sms that there's money due to me few minutes after submitting. Then I went back to SARS Springs on Friday 5/09/2014 to change my banking details because I realized that I have changed my account from savings to cheque last year November but didn't update/ change it with SARS. I would like to know if it's still going to take 48hours to get my refund paid out into my account.

what is the english abbreviation of "LBS Aftrekkings"

  Written by Marc   Posted 5 September 2014

What does the term/abbreviation in afrikaans "LBS" mean or the english word for "LBS"

Use of employer Owned cellphone for fringe benefit purposes?

  Written by Marc   Posted 5 September 2014

We have entered into 20 cellphone contracts with a service provider this month. We will be giving our staff members employer owned handsets to use for work purposes ie business calls, work emails. These will come with R100 airtime, 300MB of data, 25 sms per month. We will be paying R280 per phone pm.

Please advise on whether this fringe benefit is fully taxable. Someone from SARS just told me that it is but I don't believe him.

Still no refund paid 1.5 months after completion letter from SARS.

  Written by Marc   Posted 5 September 2014

I filed my tax return on 14-7-2014, got a completion letter on 25-7-2014 with an amount payable to me. On my eFiling tax workpage it says under Sars status: "Return ?%u20AC%u201C Data Submitted To ITS". They still didn't pay the money into my account. I phoned Sars and asked what the problem was and they only replied that it sometimes takes as long as 30 working days from the date of filing.
I still didn't get the money. What can I do next?

If I can only submit a medical certificate without slips when they audit you?

  Written by Marc   Posted 5 September 2014

If I cannot provide all the slips of my medical contributions only the medical certificate what is going to happen?

How long to wait for my refund from SARS and what must I do?

  Written by Marc   Posted 3 September 2014

On 01/07/2014 I have submitted my returns and then I was selected for audit the next day later I submitted my supportive doc.31 days later I received a letter from SARS which state verification of assessment is complete. I then went to SARS head office to find out if there is anything they will need from me after receiving a letter of verification and they said No my money will paid to me after 21 working days now 21 days have passed by and I phoned SARS to find out why my refund is still not pa...

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do I owe SARS money

  Written by Marc   Posted 2 September 2014

received an sms from SARS for -R1185 due to me .... Date of payment 2014-10-01 and 2nd 2014-10-31...what doe this mean ?

Foreign subsistence allowance code

  Written by Marc   Posted 2 September 2014

What is the difference between tax codes 3714 and 3716 for allowances. Is it true that code 3714 has now replaced code 3716 since 2010, for foreign subsistence allowance?

Statement of account says Yes for audit

  Written by Marc   Posted 1 September 2014

My Statement of account says I'm being audited. I have already submitted support documents for depreciation a day after my return. A week later I received my statement of account and it says that I'll be refunded, but also says yes under audit and verification. What happens from here on?

SARS Statement of Account- Transaction Reference 5.

  Written by Marc   Posted 1 September 2014

On my 2014 Statement of account, the document shows a refund amount that is future dated with Transaction Reference: 5. What does this mean?

"Refund Review" by SARS?

  Written by Marc   Posted 1 September 2014

Tim, With reference to the blog posted by yourself : What?%u20AC%u2122s the delay with getting my SARS Refund? I would like to know what could typically flag this type of audit? The documents I submitted was nothing out of the ordinary and it has now been 2 months since I filed my return - the audit were concluded on the 8th of August 2014. If this is an automated tool why is the turnaround time 30-60 days?

What are the tax implications for international network marketing reps?

  Written by Marc   Posted 29 August 2014

Would Network Marketing Income (Commission) be treated as small business income? Does expenditure on MLM product (travel, merchandice etc.) & branded clothes be allowed as expenses?Would international income be taxed when paid into an international account or only when transferred to a South-African account?

I owe SARS R0.02 and medical aid didn't pay R1200 can I re-assessed

  Written by Marc   Posted 28 August 2014

I submitted tax and got notification I have amount due for me to pay and I have R 1200 medical aid amount not paid by scheme?
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