I only started working this year, do I receive a tax refund?

  Written by Marc   Posted 11 July 2013

I started working on the 2nd of January and therefore my tax was below the threshold to submit my tax. I have heard that I can get all my tax for the first two months and was wondering if that was true?

Why do I owe SARS money?

  Written by Marc   Posted 11 July 2013

Good day, I have a very straight forward tax return: I have an income, I receive a monthly reimbursement towards medical expenses (my husbands company pays for my medical aid) This is added to my monthly income and taxed. I pay PAYE and UIF and my RA is deducted from my salary. I have never owed SARS money until this year. I cannot understand why I would owe SARS money now? It's a very small amount that SARS say I owe them, however I am sure there is a problem and would like to get to the bottom...

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How will I know if SARS audit is complete?

  Written by Marc   Posted 11 July 2013

I have submitted tax returns for 2011, 2012 and 2013 to get it all up to date. 2013 was not audited and they owed me R3600. 2011 and 2012 I was also owed money, but had to submit supporting documents as they had doubled the medical aid amount for sum reason. The Status says the documents have been received but take up to 5 days to be assessed. Today I received a Refund of R600 and they took R3 000 as an Admin Penalty Fee. A bit extreme as I had received a letter saying the penalty fee would only...

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What to hand in?

  Written by Marc   Posted 11 July 2013

What else should I hand in to accompany my IRP5?

If I have a fulltime job and do part time freelance work on the side how would I pay tax?

  Written by Marc   Posted 10 July 2013

I have a full time job and want to start doing some freelance work on the side but don't know how I would pay tax for both incomes. Do I need to register for provisional and non provisional tax? Will I need to submit tax forms for both or can I do them together as one tax form? Also if I don't do any freelance work for a few months do I still need to submit a return for that period?

I have started working in July 2011 and tax is deducted in my salary. Will I get my tax money back?

  Written by Marc   Posted 10 July 2013

As I was not supplied with the IRP5 and just got it this month. Will I get all my money back as this is the third year without claiming the money?

Are some tax payers exempt from completing a tax return in South Africa?

  Written by Marc   Posted 10 July 2013

Are some tax payers exempt from completing a tax return in South Africa?

Second question: What is the current tax threshold which I understand as not having to pay tax if you earn less than the tax threshold, correct?

Can I claim study fees reimbursement?

  Written by Marc   Posted 10 July 2013

I am a salaried, permanently employed person. I claim on a semester basis (based on what I pass), the module registration fees and textbook fees. Up until about a year ago, I would receive the full amount claimed from the company. Now I don't. When I queried this I was told that I am paying tax on the amount that I claim to the tune of 40% or something. I was also told that if I had allowed the company to register for me etc then obviously I wouldn't pay anything unless I fail a module.
...

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IRP5 figures differ from eFiling IRP5?

  Written by Marc   Posted 10 July 2013

My IRP5 figures (amounts of money in codes ) differ from IRP5 figures on eFiling?

Can I claim for the depreciation of my vehicle for which I get an allowance or is that included?

  Written by Marc   Posted 10 July 2013

I get an allowance of R48 000 p.a and I incured costs of R75 000 inlcusive of the lease payment for the vehicle in my name. I also incured personal expenses of R765 not recovered from the medical aid. The SARS calculator retuned R9885. I dont think thats right.

Provident fund payout in 2013 assessment year

  Written by Marc   Posted 10 July 2013

Hi Tim, I received an IRP5 for provident fund for Year of assessment 2013. I included the amount of R416 363 (source code 3920) in my "income received" column, on the IRP5 they included this amount in the "Gross Non-retirement Funding Income" (source code 3698) column. However when I include it in this column on my return I get a message that the calculations does not add up.

I eventually included in the "Gross Retirement Funding income" (source code 3697) column (which is not correct) and they calculated it. BUT NOW my inital calculation was tax refund of R 4800 but after the second calculation I'm down to R0!! ...

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I bought a flat and hire it out in order to supplement my income, how does the income tax work?

  Written by Marc   Posted 10 July 2013

Due to medical reason I am on early retirement and receives a monthly pension. With my lumpsum I bought a flat for R840 000.00 in July 2012. My rental income is R3500.00 a month for the period 01/08/2012 to 28/02/2013. My expenditures are as follows: Cost of transport was R26 737.00
Levies (period 13/07/2012--28/02/2013 ) was in total R5435.81.
Where and under what code do I fill in the amount? Can I deduct the expenditure as mentioned from my rental income?...

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Timing of Bonus Payments, taxable or not?

  Written by Marc   Posted 10 July 2013

I received a bonus for the calendar year 2011. The bonus was paid in March 2012 (after tax year 2012 ended) as the company needed to finalise year end etc. I left the company. The company "backdated" this bonus to tax year 2012. I however I feel that since the payment was made in tax year 2013 that an IRP5 should be issued for 2013.

I received tax certificate from the medical aid there was R18 400 on it does it mean I will get that

  Written by Marc   Posted 10 July 2013

I want to know if I will get that money after they calculated? How does it work?

What does SARS mean by a Verification of Assessment letter?

  Written by Marc   Posted 9 July 2013

Does this mean that everything is sorted and done?

Tax and business Registration?

  Written by Marc   Posted 9 July 2013

Hi Tim

I am looking to start a business from home. Myself as the owner and 8-9 employee's. Business could generate about R40 000 pm before deductions. Employees would get paid weekly between R600 - R800
per week.

Would I need to register my business with CIPC and with SARS to pay tax. Would I pay tax on the amount of money the business makes before any deductions like salaries and business expenditure. or would tax be calculated on the amount after deductions.

Could you also advise what the process is to register a small business....

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Retirement Annuity and Pension Fund claims on the ITR12 tax return?

  Written by Marc   Posted 9 July 2013

I know you claim the RA under the deductions on the ITR, but can you claim the premiums paid toward a pension fund as well and if you can where?

What do I Submit my ITR12 Income tax return?

  Written by Marc   Posted 9 July 2013

Good Day,

In 2011, I finished at a company at the end of April 2011. I received an IRP5 and submitted this. In September of 2011 I started work at a new company and My 2012 IRP5 shows this as the date worked from. So For 2012 I only submitted 1 IRP5. Is this correct? or should I have submitted 2 IRP5's for 2011.

Your assistance is greatly appreciated.

Thank You

I would like to print a IRP5 from my company from the SARS website?

  Written by Marc   Posted 9 July 2013

My previous company are taking their time in sending me my IRP5 and so would like to download it from the SARS website so I can complete my tax return?

How do I submit a nil tax return via eFiling as no longer resident in South Africa?

  Written by Marc   Posted 9 July 2013

We have been living in Australia since 2011 so are non-residents in South Africa for income tax purposes. We are registered tax payers in Australia. When eFiling and creating my ITR12 SA tax return, do I click yes to the button saying that I have been unemployed so that I can create a nil return? Can I do this each year? Do I need to declare interest of R300 earned in South Africa - I have already declared this in my Australian return.

section 18 medical deduction?

  Written by Marc   Posted 8 July 2013

I just want to know how do I calculate family limit for 2013 year of assessment. How much per month for taxpayer and first dependent and the other dependent?

If my provisional tax return is a zero, must I still complete the IRP6?

  Written by Marc   Posted 8 July 2013

As a member of a CC I paye fixed monthly PAYE and all payments are always 100% up to date. I submitted my 2013 tax return and IT34 tax assessment is -R1 (SARS owes me). On the same assessment is also a penalty of R 2,288 for not submitting provisional tax. Surely this cannot be right. Must I object Hasn't SARS issued a statement confirming that you're only obliged to submit a provisional tax return if you are indeed liable for provisional tax?

Are UK pensions liable to South African income tax?

  Written by Marc   Posted 8 July 2013

Are UK state pensions or UK company pensions, paid into the UK Bank account of a British national, who is resident as a retired person in South Africa, liable to South African income tax?

If I use your online digital tax assistant application will it correctly cope with such overseas pension income?

Hi Tim, I was so stressed and looking for answers and thankfully I came across your site! Thank you

  Written by Marc   Posted 8 July 2013

I have submitted my tax return 2013 and also 2010. I have been selected for audit by SARS and they now supporting documents. The thing is, when I request my IRP5 for 2010 from our bookkeeper, she sends me my 2011 return and I have filed my 2010 return (on the eFiling) with my 2011 return details it seems. How can I correct this? Am I in trouble with SARS? Please advise.

How do I tell SARS I have already paid provisional tax when completing my ITR12?

  Written by Marc   Posted 8 July 2013

I earn a salary per month which I pay PAYE on. I then have a business on the side which generates about R 10k per month. Do I need to register for provisional tax and if so what do I declare on the IRP6 - only the income relating to the business on the side? What can I deduct as expenses ont he IRP5? Thanks
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