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Latest Posts in Tax Q&A

I need a tax number in order to get hired so please help me get one

  Written by Marc  

I am 20 years old and I am looking for a job but in order to get hired I need a tax number can you please help me apply for one. .

How much tax will I pay on R500 000 pension I m 42 years old?

  Written by Marc  

I am 42 and I worked for 8 years in the public service I m expecting a resignation pension of about R500 000, 00 (five hundred thousand). How much tax will I pay?

Tax return but not in country currently

  Written by Evan  

I want to submit my SA SARS tax return but I need to change my bank account. However I am not currently in South Africa. What can I do?

Statement of accounts

  Written by Evan  

Hallo,

I submitted my tax returns to SARS. They asked for supporting documentation. I sent that to them and received a statement of account with a negative value. Does this mean they have accepted the documents and that they will refund me?

Thanks

When is the tax refund due?

  Written by Evan  

I could've been amongst the first few thousand to submit their tax returns as I filed mine just after 2am the day tax season opened. How long will it take for the refund to be paid? Has anyone else had theirs paid already?

How do I send the supporting documents?

  Written by Evan  

How do I send the supporting documents that was requested on SARS efiling?

Do I need to fill out tax returns as a non-resident of South Africa? Left 8 years ago.

  Written by Evan  

I am South African and for the past 8 years have lived abroad (UAE). I recently bought a holiday property in South Africa and thus found my tax number. Do I need to fill out tax returns? How do I declare medical aid and all those forms and numbers I am being asked for when I do not work or earn a salary in South Africa?

Previous years medical claims that were not paid by my medical aid.

  Written by Evan  

Hi,

Can I claim previous years 'claims that were not paid by my medical aid' on this years tax return or what is the correct process?

I forgot to include those on previous years returns.

REIT treatment and provisional tax

  Written by Evan  

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...



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Claiming legal costs of attorney for divorce

  Written by Evan  

Can I claim attorney fees for a divorce, in full or part thereof and how?

Medical aid refund but had no income in 2015

  Written by Evan  

I had no income for 2015 tax year, but paid medical aid for 8 months plus extra out-of-pocket medical expenses. Am I entitled to some money back from SARS? I am 57 years old.

Temporary break in rental income

  Written by Evan  

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?

Medical aid tax rebates - Employer pays half directly into my account

  Written by Evan  

My company offers to pay 50% of my medical aid contribution. This money is paid directly to me (included in my salary into my bank acc). The amount is indicated separately as "MEDICAL AID" on my payslip. I therefore pay the full amount of the monthly cost to my medical aid every month from my bank account. On my IRP5, my employer indicates their 50% contribution under Deduction code "4005" even though they do not pay the Medical aid provider directly.

My question is:

A) Should this amount be listed under "4005" (According to SARS there should be no amount under 4005 if the employee pays the medical aid personally) ...



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Rental income of a jointly owned property

  Written by Evan  

My husband and I are married out of community of property but jointly own a flat that we rent out. When completing my provisional tax return do I include 50% of the income and expenses in mine and 50% in his return or do I include 100% in both our returns and then select the 50% partner option?

My statement of account balance changed to zero. Help

  Written by Evan  

Why has my statement of account balance changed? Yesterday it had the refund due to me, when I my efiling profile check this morning my balance is R0.00. Does this mean assessment is complete and I should be receiving my refund today or tomorrow?

Allocation of PPS on the tax return

  Written by Evan  

Where do you allocate PPS Loss of income on the tax return?

Freelance income on top of salaried employment

  Written by Evan  

My fiancé has full time employment and receives a monthly salary. He did a small freelance job last year which earned him R2000. How do we go about declaring this amount via efiling?

Will I be charged tax on pounds transferred to SA?

  Written by Evan  

I am a South African resident working in the UK. I am currently being paid in pounds into a British bank account. I am self employed and will be paying taxes in the UK. I understand that I am liable to pay SARS the difference in taxes between UK and SA. What I would like to know is how it works with me sending money back to SA? Will I be taxed extra on this money or will it all just be calculated in the tax return on earnings?

I need my tax reference number now

  Written by Evan  

I already have a tax number. But I need it now, and I'm nowhere near SARS. Can I get it as an SMS on my phone?

Travelling expenses independent contractor

  Written by Evan  

I work as a independent contractor through a agency contracted to Nedbank, I am an IT Solutions Architect , my cost to company is R75,000 pm. Can I claim my travel on SARS efiling? It's not set out on my IRP5 with a code for travelling expenses.

Says I don't have to submit a tax return because I earn under R350 000

  Written by Evan  

Says I don't have to submit a tax return because I earn under R350 000. Is this true? Why has SARS changed their mind?

Supporting docs turn around time for approval

  Written by Evan  

Hi,

I submitted my Tax return for 2015 and my SARS calculation showed that I am owed a refund. However I was asked for supporting documents which I submitted. Does SARS give you a confirmation once all documents have been verified? How long does the verification process take?

Provisional tax threshold

  Written by Evan  

Good Morning,

My husband has recently started a business (in June 2015). It is his only source of income. When will he become liable to pay his personal provisional tax, and does he still need to pay if he is earning less than R5000.00 a month? Does he need to register as a provisional taxpayer already?

Thanks

Already paid but cannot continue

  Written by Evan  

I have already paid for subscription but cannot continue as the website asks me to make another payment. Why do I need to make 2 payments if I haven't completed my tax return yet?

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

  Written by Evan  

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...



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