Written by Nicci
Posted 11 April 2016
Written by Alicia
Posted 8 April 2016
Written by Alicia
Posted 7 April 2016
Written by Alicia
Posted 6 April 2016
Written by Nicci
Posted 5 April 2016
What do you do if you have an outstanding SARS tax return for 2011 if you do not have an IRP5 for that tax year since the company you were working for cannot be found/traced? I was working on a contract basis and do not recall ever receiving an IRP5 for that year. I have submitted tax returns before and was never made aware of any outstanding tax returns. Only now that SARS needs to pay me money back do they mention that there is an outstanding tax return for 2011. How does there system work? I ...
Written by Alicia
Posted 5 April 2016
Written by Nicci
Posted 5 April 2016
I received rental income in 2016 tax year, but didn't pay provisional tax. On my ITA34 I am not registered for Provisional tax, but on my SOA, requested one day later, it states that I am registered for Provisional Tax. What are my options now in order to pay the minimal penalties/interest? Do I rather not submit the late IPR6 tax returns and only specify the rental income when I submit my next Income Tax Return?
Also, how does the fact that I am married in community of property influence ...
Written by Nicci
Posted 5 April 2016
I was audited and asked to submit supporting docs for logbooks, vehicle ownership/invoices and medical expenses. My assessment was calculated at R49k refund initially. When submitting medical exp I realized I had entered some expenses incorrectly so made changes to the ITR12. This resulted in a refund of R58k. In the new assessment SARS deducted the R49k under source code 4102 in the line "Previous Assessment Results", with net refund of R9k. Will my refund be both assessments ie R59k or are the...
Written by Alicia
Posted 5 April 2016
Written by Nicci
Posted 5 April 2016
Written by Nicci
Posted 4 April 2016
Written by Nicci
Posted 4 April 2016
Written by Nicci
Posted 4 April 2016
Written by Nicci
Posted 31 March 2016
Written by Nicci
Posted 31 March 2016
Written by Alicia
Posted 29 March 2016
Written by Alicia
Posted 29 March 2016
Written by Nicci
Posted 29 March 2016
Written by Alicia
Posted 29 March 2016
Hi TaxTim ok me and my wive are both RSA citizens. My wive however is also Canadian. We went on holiday to Canada and we decided to stay. We applied for my paperwork etc. However I want to file my 2015 tax return I know its overdue but I want to file. What do I put in as my address and bank account as I dont have any RSA bank account or residential address. I also already have a temp Canadian tax nr but I am not earning any income in Canada. So how do I do tax return? What do I enter for address...
Written by Alicia
Posted 24 March 2016
Written by Nicci
Posted 23 March 2016
Hi, I have registered as a provisional tax payer and did my tax return in August. My rental expenses (levies, interest and taxes) are greater than my rental income I earn. Do I still need to file the provisional tax payer tax return now and see if any payments are due?
I have paid for your services for my personal income tax, but haven't received any of my tax information yet (for investments, medical aid etc). Must I just wait until those all come later in the year and send them thro...
Written by Marc
Posted 23 March 2016
Written by Alicia
Posted 23 March 2016
This question is regarding amendments in EMP 201/501. The start date of an employee has changed. For eg, The start date was 24rth December, but the amended start date is 24th Nov. He is getting paid for the whole month of December (excluding payment made previously) and 6 days of November In March 2016. He ceased working in January 2016. Should we revise the EMP 201 of November and December? (Accrual Basis)
Or Should we treat the payment in march as a one time pay and amend EMP 501 only? (...
Written by Nicci
Posted 23 March 2016
Written by Nicci
Posted 22 March 2016
I am a US citizen living here in South Africa for about two years because of my spouse's work. The university I work for has graciously allowed me to continue working remotely for them while I am here. I work with computers on the internet. Recently, someone from my work has insisted that I needed to file for income tax in South Africa. I disagree, believing that my income source is not South African and that I am a non-resident for tax purposes. Is there some specific evidence I can use to back...