As a contractor should I submit both IRP6 and an IT12 or just the IRP6's?

  Written by Marc   Posted 24 July 2013

Hi Tim, thanks for a great web site!

I'm an IT contractor and for 6 months at the start of 2013 I worked for a company in South Africa and was paid a fixed amount each month. I received a payslip and tax was deducted, however my tax number wasn't included on the payslip. I was asked to become a permanent employee after the 6 months but declined and subsequently left SA to work overseas on a contract where the money I earned was transferred to my SA bank account. I submitted an IT12 to SARS showing the amounts I'd earned from both contracts...

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Less tax refund this year compared to last year

  Written by Marc   Posted 24 July 2013

Why do I get less tax refund in return this year as what I did last year?

Declaration and calculation of Trustees Fees received for income tax purposes?

  Written by Marc   Posted 24 July 2013

If you receive Trustees fees how should this be declared and taxed?

How long does SARS take to pay me my income tax refund?

  Written by Marc   Posted 24 July 2013

Hello I did get this message on the 4/7/13 SARS Status: Your [Document] has been received but has not yet been assessed. Please note that it typically takes 5 working days to process electronically submitted returns. Please enquire about the status again after this period. Today is the 24/07/13
Why does SARS take so long?

When will payment be made by SARS as a tax refund?

  Written by Marc   Posted 24 July 2013

I did my eFiling on Friday. My current eFiling status is assessment received and SARS status is avs banking with avs verification pass. What does this mean? Yesterday I received a msg saying a statement of account has been issued. Confused...... when will the money be refunded or is there something else they need?

I'm non-resident in RSA but pay PAYE i.r.o. my Living Annuity

  Written by Marc   Posted 24 July 2013

My wife & I left RSA in 2011 & living in Namibia (we're awaiting permanent residence approval).
I receive a pension from Glacier (Sanlam) & they deduct PAYE. We also earn interest from ABSA in RSA & from Bank Windhoek in Namibia & from my son in Namibia. Do I have to submit tax returns in SA?

Why did we only get R500 back from SARS?

  Written by Marc   Posted 24 July 2013

My hubby requested that his Co deduct R500 pm extra since August 2012. Total of R500 x 7 = R3500
IRP 5 reads R 173 579 code 3601
R 105 831 code 3605 (This is actually his commission)
PAYE R 49 183.30 code 4102

However we are only getting back R500.30. Why not the R3500?

What does 'transaction reference' 2 mean on my ITSA?

  Written by Marc   Posted 24 July 2013

I submitted documents for review and received a completion letter on 17 July 2013, stating that no adjustment has been made to my original assessment (SARS owes me) however, on my ITSA it shows a date of 2013-08-01 with transaction reference 2 and then the transaction value still showing that SARS owes me. What does this mean and how long before they would pay me out? I don't have my own bank account but has registered my mother's bank account on my first ITR12 that I've done la...

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Hi Tim. I work in Sierra Leone and get paid in dollars, into a SA bank account, how do I complete my

  Written by Marc   Posted 23 July 2013

I comply with the regulations regarding 183 days out, 60 days consecutive. My question is where do I fill this in on my return. They want a rand value, and I do not have an IRP5 but one from the company.

Been offered a job in South Africa but will be paid to a offshore bank account do I need to pay tax?

  Written by Marc   Posted 23 July 2013

Employer is a large international company with offices in SA. I will be living and working full time in SA. They are not deducting PAYE at source and they are paying me in GBP to an offshore account of my choosing. Do I still need to pay tax in South Africa?

How does the rental tax on a first property, paid in cash, work?

  Written by Marc   Posted 23 July 2013

I currently live with my parents, on their property. I am looking at purchasing an apartment for R650 000 and renting it out. I have been given the option of paying for this in cash and then paying my family back at their low bond rate of 6.5% (prime -2%).

The property will be rented out for R5500. The expenses on the property (rates and levys) are R1800. So the rental income would be R3700pm. This R3700 as well as another R4300 will be paid monthly to my parents (total R8000pm).
...

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How much my refund because I submitted an ITR12 income tax return?

  Written by Marc   Posted 23 July 2013

Because yesterday I submitted my IRP5 to SARS

I have done my submission on eFiling and calculated result is -R3963

  Written by Marc   Posted 22 July 2013

Does this mean I owe SARS or they owe me and they have requested doc from me for audit how long does this process take once submitted on eFiling and if I get a refund how long does it take?

Starting with tax

  Written by Marc   Posted 22 July 2013

Hi Tim, We are two employers that works in a small company, and after one and a half years we found out that our employer did not pay or fill out the necessary documentation for our tax. We would like to sort this out ourselves as soon as possible - where do we start? Will there be any penalties? How can we work out what this will be? We both started working for the company after University. Personally I break even every month after medical aid contributions, student debt, rent etc. My co-worke...

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How to fix a mistake on SARS eFiling?

  Written by Marc   Posted 22 July 2013

I filled in my tax and submitted, but realized that I made a mistake on the form. I tried to get a correction but it failed. I filled a new tax in and submitted. They then asked for my forms, which I gave and now I am waiting for my refund. I have had no more communication from them and it has been a week. What is going on? Will I get my refund?

Medical Aid, out of pocket expenses, can I claim on my ITR12 Tax Return?

  Written by Marc   Posted 22 July 2013

I paid an amount of R7k in medical expenses out of my own pocket and did not claim from medical aid. How much of that amount will I get back from SARS?

Letter of Completion, but not happy with SARS or my income tax refund?

  Written by Marc   Posted 22 July 2013

I filed my husbands tax return this year, and received an ITA34, however I was asked to upload supporting documents for audit. I have done this, and then received a letter of completion 3 days later. However, I still have not received an ITSA, and I don't agree with the amount for refund that they come to. On my SARS profile, it says still being assessed.

What does this mean? Has my husbands return been completed, or is it still being assessed? And what is the best way to dispute a re...

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What do I do if I can't upload all my documents on eFiling? It says I have reached my limit.

  Written by Marc   Posted 22 July 2013

I submitted my return a week ago, and I do not have a medical aid, but did keep all my receipts for medical expenses. They asked me to supply the supporting documents which I did, but it was about 30 pages of receipts first I uploaded the 20 pages and then they told me that I cant upload more than 20 at a time, then in order for me to upload the rest of the 10 I made a dispute NOO document and attached a letter explaining the reason and than I uploaded the rest. I am afraid that I have done th...

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How does the refund process work?

  Written by Marc   Posted 22 July 2013

How do I go about getting my tax refund, and how long does it take, will it be put in my account or given to me cash on hand?

IRP5 refunds

  Written by Marc   Posted 20 July 2013

How will I know that I have money that is due to be paid to me which is my IRP5?

Claiming back on spectacles from SARS?

  Written by Marc   Posted 20 July 2013

Can I claim VAT back on purchasing spectacles as a medical expense?

My ITSA showed that I received a refund but it was reversed the same day.

  Written by Marc   Posted 20 July 2013

I now have the same balance which shows it will be refunded with no request for further audit or supporting documents. Why would this happen ?

Thanks

How long does it take to get a refund from SARS?

  Written by Marc   Posted 19 July 2013

I receive a form at work from SARS, but I don't know how it works?

How much does and agency must deduct for tax from a temporary worker?

  Written by Marc   Posted 19 July 2013

My sister is working as ENA in a hospital under an Agency but she doesn't understand how they deduct so much money claiming that the money is tax money, at the same time she is not permanent. They get paid on a weekly basis depending on how much hours they work, but the normally work about 3 or 4 days a week. please help, their previous Agency paid them about R1300 a week but the one they changed to pays 700 a week.

How much tax do I have to pay as a self employed buinessmen?

  Written by Marc   Posted 19 July 2013

Hey Tim, awesome site and very helpful info. I am not sure of my tax number, I was out the country for a few years and before that I was self employed and now again I am self employed. I last worked for a company n SA probably 10 years ago.

We have started 3 businesses since we have been in SA (my wife and I) and the first 2 didn't really get going at all and cost much more than they made which wasn't much at all. They were both Close Corporations but we never got to the stage when we got a bookkeeper in to do anything...

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