Written by Nicci
Posted 15 February 2016
Written by Marc
Posted 13 February 2016
Written by Marc
Posted 12 February 2016
For the 2015 year of assessment, my employer re-reimbursed me for travel. They paid me at the official SARS rate of R3. 30 per km, I traveled 6,691. 52 kms, it is thus my understanding that because this is less than the maximum allowed by SARS of 8,000km, this amount falls under non-taxable income and should be allocated to the code 3703. My employer allocated this to code 3702 on my IRP5. I corrected this on my tax return, yet SARS are of the opinion that this amount should fall under taxable i...
Written by Nicci
Posted 12 February 2016
Written by Marc
Posted 11 February 2016
Written by Marc
Posted 11 February 2016
Written by Marc
Posted 10 February 2016
Written by Marc
Posted 9 February 2016
Written by Marc
Posted 9 February 2016
Written by Marc
Posted 9 February 2016
Written by Marc
Posted 9 February 2016
Written by Marc
Posted 8 February 2016
Written by Nicci
Posted 8 February 2016
After submitting my ITR12, I received an ITA34 in which 'a letter containing further instructions' is mentioned. "Please note, however, that the information provided by you in your income tax return does not match the information in the possession of SARS or your tax return has been selected for verification. Attached you will find a letter containing further instructions for you to resolve this. Please note that any refund which may be due will be withheld pending finalisation of this matter. According to the information you declared in your income tax return, you were liable to pay provisional tax for this year of assessment...
Written by Marc
Posted 8 February 2016
Written by Marc
Posted 7 February 2016
Written by Marc
Posted 4 February 2016
I left a permanent job and started a freelance design business in July 2015. My Personal income tax for last year is up to date. I need to start paying tax on my business but have no idea how this works. I am using my personal bank account to receive payments from clients for design services. I am not yet breaking even and can barely pay my bills. I am not making a profit yet. I have no idea how tax works. I need help and wondered if signing up to TaxTim would be the way to go? I would need to b...
Written by Marc
Posted 3 February 2016
Written by Marc
Posted 3 February 2016
Written by Nicci
Posted 1 February 2016
Written by Marc
Posted 1 February 2016
Written by Marc
Posted 29 January 2016
Written by Marc
Posted 29 January 2016
Written by Marc
Posted 29 January 2016
I initially filled for my tax returns for 2015 and I was told that I had two outstanding years I have to filled and until I do, i'm not going to receive my refund and I was told that i've been selected for an audit as it's mostly the case for foreign contract workers. So within, two weeks, I submitted the remaining two outstanding years at a SARS office at Richardsbay. I received my ITA34 alright for both years just like the earlier one. So in total, I was due for about R13700 refund pending the...
Written by Nicci
Posted 29 January 2016
Written by Marc
Posted 29 January 2016