no credit/cheque card

  Written by Marc   Posted 19 September 2014

i don't have a credit or cheque card can I give you my bank details

amount of -R0,09 as a refund?

  Written by Marc   Posted 18 September 2014

-R0,09 ?s how much or ?t means how much I can get from SARS?

Have not done eFiling for 2013 will I be in trouble and I don't work any more.

  Written by Marc   Posted 17 September 2014

I would like to know if I have not done eFiling for 2013 and I want to submit to SARS will that be a problem? Also I don't work any more almost 5 months what will this mean for me in terms of tax returns or will there be a problem with SARS.

How do I get my tax number?

  Written by Marc   Posted 17 September 2014

I want to get my tax number without queuing on SARS line.

Do we include inheritance and personal property as a sole prop when filing small business tax return

  Written by Marc   Posted 17 September 2014

I'm helping my mom do her tax for her small business. We have deducted all the necessary amounts under the expenses section. My mom owns a house that is standing empty and she has a small inheritance of about R100 000. she is a sole prop. do we have to declare this? they are not part of running the business. this is invested in a money market account. she does declare the interest earned to tax.

What is the importance of an IRP5 form?

  Written by Marc   Posted 16 September 2014

Importance of IRP5 FORM

Second IT34 says amount payable by you. Do I owe them or not?

  Written by Marc   Posted 15 September 2014

After a audit the amount that was owed to me, that had a negative, now shows that that same amount is payable by me. Almost had a heart attack. But when I read on. It says that my acc is 0.00. I don't understand why I owe them. I only claimed my cash medical payments. And been paying my tax as I should. How can I owe them. First ITA34 shows -9690.00. Second ITA34 shows 9690 payable by you. I don't have this kind of money. I think something went wrong. If they say 0.00 account in the second parag...

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Knowing my tax bracket to pay to SARS?

  Written by Marc   Posted 15 September 2014

Hello, I'm earning 12000 per month so l would like to know how much tax should my employer pay to Sars?

Return - Data Submitted To ITS : efiling

  Written by Marc   Posted 15 September 2014

I have done my tax return on efiling for 2014, and which is now: 'Return ?%u20AC%u201C Data Submitted To ITS'. My assessment has been done, and I have received a statement of account and the completion letter as well. The statement reflects that there is a refund due to me.
My question: How long does it take for SARS to process my refund, and how long do I have to wait for the amount to be paid into my account?

How to file your taxes if you don't stay permanently in SA anymore

  Written by Marc   Posted 14 September 2014

I have moved from South Africa and I am working and living in another country. For the full current tax year I have been working abroad and pay my taxes here. However how do I go about filling in my taxes in South Africa. What boxes do I need to check? I do not have any income coming in South Africa but I still have my house there.

Please assist, I don't understand ITSA from SARS.

  Written by Marc   Posted 14 September 2014

Hi Tim

I received the following sms from SARS "A Statement of Account has been issued on SARS eFiling. what does this mean??

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?

How do IT3(b)s work for accrued interest to prevent double taxation?

  Written by Marc   Posted 13 September 2014

An IT3(b) certificate from my bank for a fixed deposit usually saysNet Accrued: XNet Earned: YInterest: X+YSo X+Y should be declared on my tax return under code 4201 if I understand SARS guidelines correctly.If that is the case, since the accrued interest is not yet paid to me, the following year it will be paid out.Then would it not occur in Net Earned the following year and essentially be taxed again? Or does the IT3(b) take that into account?

TAX R 6000.00

  Written by Marc   Posted 11 September 2014

how much tax is due when I am earing a commission salary of R 6000.00

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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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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Check suitability of Tax-Tim format for specific taxpayer

  Written by Marc   Posted 8 September 2014

Please let me know if Tax-Tim Smart deals with 1. ...share portfolios and resultant dividend tax and CGT2. ... portion of medical aid contribution paid by ex-employer, in case of retired person3. ...with state pension received from foreign country

Selected for AUDIT, source code 4102: is my IRP5 the only supporting document to be submitted?

  Written by Marc   Posted 8 September 2014

Hi Tim,I submitted my tax returns today at a SARS branch. I have been selected for audit and this is what is stated in the audit letter."This is the result of certain declarations that were made which appear not to be correct or in agreement with other data which SARS has in its possession. For source code 4102, a PAYE Credit of (x-amount) has been assessed against your ITR12 return."From reading your responses to other people asking about the supporting documents to be submitted, I need to...

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I want to correct something after filing my return with SARS?

  Written by Marc   Posted 8 September 2014

Is there any way to correct something after filing your return? I cannot find a "request correction"button.

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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eFiling restricts the way in which the different methods of calculating CGT may be entered?

  Written by Marc   Posted 6 September 2014

There are 4 methods of calculating CGT. A primary residence sale using method 1,2 or 3 shows a capital gain. eFiling appears to restrict the manner in which the figures may be entered. How may I enter one or other of the methods of calculating the gain?

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?
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