FAQ Blog Q&A Calculators Students Logbook Contact
Earn under R500,000?Click here to see why you still need to file to get your Tax Refund.

Penalties Posts in Tax Q&A

Penalties Related Posts - Page 15



Submit your
tax return
right here!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Wrong filing of tax provisional instead of individual

Posted 10 July 2015

Good day. I filled my tax via SARS e filing for 201 and it triggered an audit. I got a refund after providing the docs, then after a few days I decided to call the SARS call centre. The guy on the other side told me that I need to file for 2009 and 2011 and that I made a mistake and I filed for provisional tax. They fined me for R2900 interest, now I owe them according to the efilling at the SARS branch. They were not very helpful either, the lady told me I must jus...

Read more →

Must my penalty be paid before refund is due?

Posted 10 July 2015

Hi Tim. I submitted my tax return and contacted SARS where they confirmed that my audit has been finalized and I received the letter confirming this. My question is what will happen to the R579 penalty?

Some say my payment will be withheld. Some say SARS will deduct this from my refund, and some say its my responsibility to pay the penalty ASAP. Should SARS not deduct this from my refund for 2015? Please confirm what will actually happen.

Tax up to date but SARS saying I owe them

Posted 10 July 2015

Last year all my outstanding previous years 2006 to 2014 was brought up to date via SARS eFiling and finally having to go into SARS to submit documents. After accumulative penalties deducted (R14k) and an audit I still managed to get a refund which was paid to me 15 July 2014 (11k).

This season 1 July 2015 I submitted my tax return, again I was selected for audit. SARS requested supporting docs which I submitted as per notification and I'm due a refund. Today I contacted SARS to inquire what the hold up was regarding my refund (R5k) and was informed that I owe SARS R4k which I have to settle first before I can receive my refund. ...

Read more →

Process of SARS and penalties for non-submission

Posted 10 July 2015

I would like to know what process does SARS follow after someone has submitted their tax returns information and what are the penalties for non-submission of a tax return or submission of false information?

SARS status "Return assessed" - what does this mean?

Posted 10 July 2015

Hi, Please assist. I did my tax return on SARS eFiling on the 1st of July. Not chosen for validation or audit. I have not yet received the money although online it states that the SARS STATUS is return assessed. What does this mean?

I did phone the call centre and they did not say anything about being audited or submitting supporting documents they only advised to wait. Kindly assist.

Is there penalties for late submission of IRP5?

Posted 8 July 2015

If I submit late IRP5 for 2013 and 2014 now do I get a penalties?

Out of Pocket Medical Expenses

Posted 7 July 2015

My Mom is in her late 80s and stays in her own suite in a retirement home and during the day she is independent. However at night she gets confused and therefore stays in the clinic section of the retirement home where she is monitored by qualified nursing sisters or staff nurses. The charge for the overnight stay in the clinic is added to her monthly account. As she is being looked after by qualified nurses at night can she claim this amount as an out of pocket medical expense?

Tax number for late brother

Posted 7 July 2015

Hello Tim, I just want to get my late brothers tax number. He died last year.

Received a penalties statement for not submitting a return, but am not required to submit a return.

Posted 6 July 2015

I don't earn more than R350 000 per year, however when I requested my Statement of account from SARS I received a penalties statement for not submitting a return for 2010 and 2014. Why would I need to submit a return if my income is less that the R350k threshold? What do I do now?

Want to do my tax for the first time after working for 6 yrs. Scared!

Posted 6 July 2015

I was wondering, I'm working for almost 6 years and want to do my tax return, but I'm scared I'll get into trouble for only doing it now.

What can be claimed in case of a second property bought in the current tax year?

Posted 6 July 2015

Hi Tim,
I bought a flat in April 2014, which is rented out to students to supplement my income once I retire. What can I claim from SARS for the tax year ending February 2015, i. E. Transfer costs, bond repayment, levies, municipal services, maintenance, security upgrades? Your advice will be appreciated.

Employed Commission Earner and Investor - Where do I stand?

Posted 5 July 2015

Hello

I am hoping you can help. A few things:

My retirement annuity reflects as code 3697 on my payslip. Is this normal, does it count the same as 4002?

I receive a car allowance, but my vehicle installments, insurance and petrol costs me more, is there a smarter way of doing this?

More than 50% of my salary was commission from a single employer this year. Can I still claim fuel,l insurance and depreciation although I have a car allowance? What other expenses can I legitimately claim (i.e entertainment, networking meetings etc. ) Can I claim for expenses my company have re-imbursed me for?...

Read more →

Is it a scam or is it legal within SARS to do tax return for commission on refund?

Posted 4 July 2015

I would like to know if I can claim my tax return via people around the community who claim that they doing it for business purpose where we have to pay them 30% of the money we get after they claimed for us?

Review then audit. How long will this take?

Posted 3 July 2015

I submitted my e-filling yesterday, I was selected for a review I then requested a correction as I made a mistake. I have submitted all the documentation requested but now it seems I am being audited.

I had a company car for the first 17 days of March last year which I submitted a logbook for. How long will this take, do I need to be concerned is there a penalty to making a mistake?

I don't know how to submit an iIT3b

Posted 3 July 2015

I received a it3(b), how do I include it when I submit my income tax via SARS efiling?

WHY AM I OWING SARS THOUSANDS EVERYTIME I SUBMIT BUT HAVE NO BUSINESS?

Posted 2 July 2015

I AM A GOVERNMENT EMPLOYEE SO TAX IS ALWAYS DEDUCTED FROM MY SALARY I ALSO HAVE EXTRA INCOME FROM MY LATE HUSBANDS PENSION FUNDS ALSO TAX IS DEDUCTED THERE BUT ALWAYS I'M OWING THEM THOUSANDS OF RANDS EVERY TIME. WHY? I DON'T UNDERSTAND BECAUSE I'M ALWAYS SUBMITTING

REIT treatment and provisional tax

Posted 2 July 2015

I received a REIT dividend source code 4238 on my unit trust IT3B it is very little only R30. Are Reits exempt? Also I read the ITR12 handbook and they suggest I put it under other income/accruals 4214 code with description "income from a REIT". Is this right?

I'm worried they will make me a provisional tax payer due to this extra and only R30 that dosent come from my employment income or local exempt dividends, interest. I dont really want the extra admin issues due to this small amo...

Read more →

Temporary break in rental income

Posted 2 July 2015

I have a property that I rent out. Every year on my tax return, I declare the income I received, and also include related expenses (ie, interest on loan, levies, rates, etc)

I would like to know the following - there were 2 months when the property was not let out (I was finding new tenants at the time). Can I include the expenses for those 2 months thereby reducing my profit, or can I only include expenses for the months when the property had tenants and I was receiving an income?

How to declare Taxable Local Dividends (code 4238) on tax return

Posted 2 July 2015

I would like to know where on my tax return (ITR12) should I declare the taxable local dividends (4238). It is from the income tax certificate I received for my unit trusts. The code wasn't on last year's certificate. Both the relevant questions are ticked yes (i. E. 'Did you receive income from interest (local and foreign) and / or taxable foreign dividends?' and 'Did you receive exempt local / and or foreign dividend income?') There is, however, no code 4238 on the inco...

Read more →

Rental income at a loss

Posted 1 July 2015

Hi,

I have a apartment that I rent out. The rental income is R5000 which is R350 less that the total expenses
Levies R680
Rates & Taxes R270
Agent Commision R400
Home Loan Interest R4000

Can this loss be deducted from my annual salaried income, and how do I do this ?

Casual laborer question?

Posted 29 June 2015

I am wondering if you can help me, I have been a casual laborer from October 2013 until the beginning of June 2015. I just got a sms saying that A penalty assessment notice has been issued on SARS eFiling for me, I have been earning less than R1500 a month from October 2013 until August 2015,then I was paid R3000 a month but only for four months and I have not been paid a salary from December until June 2015 I would get about R300 a week from my employer and sometimes I wouldn't get any money so...

Read more →

Are pensioners over 75 years still liable for provisional tax?

Posted 29 June 2015

If you are over 75 years of age must you still submit provisional tax returns despite your income being over the tax ceiling and your interest earnings over R30,000?

IT3b - tax refund

Posted 29 June 2015

How does IT3b from banks affect my returns especially when I have a debit interest?

Personal Tax Return with employer provided vehicle?

Posted 29 June 2015

I am interested in using your services to help me file my return, but I'm not too sure if mine can be done online as per your services or if I will have to go in to see a tax consultant. The complexity lies in that fact that I have a company vehicle, not a car allowance. On my tax return it is represented as code 3802. Is this something that your services cater to?

Does paying bond, cars, etc fall under investment certificates?

Posted 23 June 2015

Hi

I would like clarity on the information available on your website pasted below

• Get your Interest and Investment certificates from the bank and financial houses (IT3b and IT3c) These should have been sent already. Does paying bond, cars, etc fall under the above bullet point?
Older posts →← Newer posts    5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25

Blog Categories


Submit your
tax return
right here!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started