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?

When will my SARS tax refund be paid to me?

  Written by Marc   Posted 28 August 2014

I have done a tax return and was told money will be paid into my account in 21 working days. It is now gone over that time. Who should I contact to enquire?

Waiting for refund from SARS?

  Written by Marc   Posted 27 August 2014

I submitted my tax return via eFiling over a month ago. I was issued an ITA34 and an ITSA which states that SARS owes me roughly R3000, yet they still haven't paid. I was not selected for an audit. What may be the hold up and what is the best course of action from here?

What and how much can I claim for on my own car expenses when the car is used for business

  Written by Marc   Posted 27 August 2014

Hi Tax TimI get paid a basic and commission each quarter of the year. I pay for my own petrol and car expenses and I am looking to claim all of this back from SARS at the end of the year. I have been keeping a log book and I would liek to know the percentage of my expenses that I cna claim back if I rarely use my car for private use. What percentage will I be able to claim back from my business expenses on my car. Can I also claim for my cars depreciation? And again what is the percentage for th...

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How long does it take to get a refund after I receive an assessment statement after an audit?

  Written by Marc   Posted 27 August 2014

I filed my return for 2014 and was due for a refund,then my statement showed an outstanding return for 2007,which I had initially filed in 2008 but it appeared there was a technical error. I then called SARS and e-mailed the error message to them and they fixed the problem and issued a revised return which I then filed on the 13th of August 2014(using the self help option with a consultant from SARS. The 2007 statement also showed that I was due for a refund but I was selected for an audit for t...

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Overpaid on second ITA34?

  Written by Marc   Posted 26 August 2014

I paid the full amount indicated on my second ITA34 (instead of my actual "balance"), but now I realise I paid too much. Will SARS refund me the difference?

IRP5 treatment of retirement lump sum benefits

  Written by Marc   Posted 26 August 2014

I resigned from my employer in the 2014 y.o.a and took the full withdrawal from my provident fund with the company. The IRP5 received from the company does not include the retirement lump sum benefit received. Would it be correct to include the lump sum payment under code 3901 and claim a deduction as per the directive under code 4115?

As an individual and not a company. How many years must I retain my returns and supporting documents

  Written by Marc   Posted 26 August 2014

As an individual and not a company. How many years must I retain my returns, medical aid certificates etc.?
Straight forward no expenses.

How to calculate SITE AND PAYE ?

  Written by Marc   Posted 26 August 2014

I was earning R145 000 ,00 as an individual, what will be my site, for the financial year ended February 2014? My provident fund contribution was R4860,00 per annum.

Awaiting my tax refund from SARS?

  Written by Marc   Posted 26 August 2014

I filed my tax return on the 1st of July 2014. I still did not receive any feedback from SARS. I was
selected to send my documents through. I sent them through on the 8th of July. My eFiling status is: "correction filed" What does this mean and How long am I still going to wait???

Correction filed with SARS?

  Written by Marc   Posted 26 August 2014

I made a correction to my 2012 tax and sent the requested documents, after about 2 weeks I received a letter of completion but its been a week now and still haven't received refund. How long is it suppose to take after receiving letter of completion?

May I claim for paying my wife's medical aid?

  Written by Marc   Posted 26 August 2014

I pay my wife's medical aid each month. I transfer the funds to her savings account and the medical aid deducts the premium from her account via debit order. May I claim for these payments on my tax return?

Tax refund from previous years?

  Written by Marc   Posted 25 August 2014

I have never claimed tax sins I started working and would like to claim this year . Will I get money back from the previous tax return years?

Can I claim work related bank fees?

  Written by Marc   Posted 25 August 2014

Making withdrawals from a PayPal account into my SA bank account incurs FNB transaction fees that run me a few hundred rand every month. 100% of my funds in my PayPal account are earnings for freelance jobs I do online, so can I claim those FNB fees since it is basically an expense to get my income into the country?

Changing a tax return already filed

  Written by Marc   Posted 25 August 2014

I did not make a claim for medical expenses on my 2013 income tax return which I filed a year ago. I have now discovered that I could have claimed a deduction for medical expenses in excess of 7.5% of my taxable income. Can I change a tax return that has already been submitted to SARS, and if so, how do I do this on eFiling and how is this likely to be viewed by SARS?

Original Amount still owed to SARS after re- submission with medical costs paid

  Written by Marc   Posted 25 August 2014

I want some clarification as I am confused after having spoken to SARS today. I queried the amount they say I owe for my 2013 Tax return. Which I submitted in 2013 and then requested a correction now in July as I had not put in medical aid expenses I paid on my own and the number of members for my medical aid was stated as 1 instead of 2. When I submitted the frst one in 2013 I owed them about R3100- nw after the correction and it been audited they owed me R2700....what surprises me is that th...

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I don't understand what an ITA34 is?

  Written by Marc   Posted 25 August 2014

What is an ITA34?

What is SARS refund review?

  Written by Marc   Posted 25 August 2014

I've been selected for an audit and SARS requested supporting documents which I sent. When I called the call centre they said it will take 30 working days to be finalised.

I called again after 30 working days and they said iv been selected for a refund review and it will take another 30 working days to be finalised.

I don't understand what a refund review means? Did I do something wrong? Please help.

Which motor vehicle expenses to claim through company versus personally?

  Written by Marc   Posted 25 August 2014

I am the sole director of a company. I travel extensively for business using my personal vehicle. My question is do I deduct vehicle expenses such as petrol, insurance, services etc.. through the company, or do I rather take these deductions into account in submitting my personal tax return?

Are small courses taken by me deductible for tax purposes?

  Written by Marc   Posted 25 August 2014

Just a quick question, I was paying for a course myself that most companies send their employees on. This course ran over 12 weeks and is extremely expensive. Is it possible to claim this also from Tax?
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