Written by Marc
Posted 29 January 2013
How/where exactly does one get the IT3b and/or IT3c forms from and how do I know if I qualify for/need them? I have some minor money market investments, but am not sure if the interest earned on those is taxable as it is so little, so I'm not sure whether I need to submit these forms in the first place.
Do I need to manually request these from my bank/financial institutions or should they be sending them to me automatically?
If they are sent automatically, when should...
Written by Marc
Posted 28 January 2013
For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...
Written by Marc
Posted 27 January 2013
Written by Marc
Posted 27 January 2013
- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")
The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...
Written by Marc
Posted 25 January 2013
Written by Marc
Posted 24 January 2013
Written by Marc
Posted 24 January 2013
Written by Marc
Posted 24 January 2013
Written by Marc
Posted 23 January 2013
Written by Marc
Posted 23 January 2013
Written by Marc
Posted 23 January 2013
Written by Marc
Posted 22 January 2013
My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice. SARS has add the two salaries. Now my wife must pay R17 000. Her part time salary is about R5 000 or less a month. PAYE of R3438.75 has been deducted from the period 01/01/2012 to period 28/02/2012. Annual PAYE deduction tables dated 2011.03.01, shows that PAYE of R3438.75 falls between an annual salary of R78 840-R78 889. I have a feel...
Written by Marc
Posted 22 January 2013
Written by Marc
Posted 22 January 2013
Written by Marc
Posted 21 January 2013
Hi Tim, great website and good gen. SARS phoned me asking for a schedule of my deductions. I uploaded it and forgot to click on 'submit', then received a second assessment disallowing the deductions - probably because I didn't submit the document.
What do you suggest? If I lodge a notice of objection, will they allow the late submission of the document? How much should I explain to them - fall on their mercy regarding my mistake, or just assert that I am entitled to the deductions? <...
Written by Marc
Posted 16 January 2013
I retired on 30th June 2012 and received a SARS Tax Directive that states that "tax amounting to R0.00 is to be deducted from the gratuity / lump sum payment of R308732.65." What use does one make of this tax directive? Am I correct in assuming that this amount is to be subtracted from Income received (Codes 3697 & 3698). Is it still possible to submit my return via the provisional tax electronic medium; or will I now have to file a return manually at the end of February 2013?The p...
Written by Marc
Posted 13 January 2013
I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.
My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...
Written by Marc
Posted 10 January 2013
Written by Marc
Posted 7 January 2013
According to SARS I have penalties of R22 250. I only discovered this recently after becoming more educated about the whole tax thing and investigated my own SARS status etc. Naturally I had to update my details and they now know where I work. 3 weeks ago, my employer received a letter saying something about appointment of agency and that she had to pay R1 500 per month over to SARS, in order to pay the penalties. Around the same time I went to SARS offices to log a dispute re the penalties and...
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Written by Marc
Posted 3 January 2013
Hi Tim
Last year I was on contract from May 2011 till Nov 2011, later the same employer made me permanent. I received an IRP5 showing that I've only been employed from Dec 2011, I went to HR to ask about it and they said it was correct, therefore I submitted all the information on eFiling as it is on my IRP5. I have received a letter from SARS that they want supporting documents, and I have submitted the documents. I would like to know if was there anything I needed to do before fini...
Written by Marc
Posted 3 January 2013