My seafarer exemption was rejected. What do I do now?

  Written by Nicci   Posted 30 January 2024

I received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received an assessment for a large (R2m) balance owed. At the time I assumed it was a mistake or a premature assessment before my documents had been processed, but I've now received an email from SARS stating Outstanding Debt. Please could you assist me with understanding the significant discrepancy between the TaxTim calculation and the SARS assess...

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Send me tax number

  Written by Chantill   Posted 18 January 2024

Please send me my tax number

When can I submit my tax return?

  Written by Nicci   Updated 9 May 2022

When can I submit my tax return for the 2022 tax season? Are the filing dates still the same as those of the previous year?

Register as a Sole Proprietor

  Written by Nicci   Updated 9 May 2022

Can TaxTim help me register as a Sole Proprietor and assist me with my accounting?

Tax Certificate Needed

  Written by Nicci   Updated 9 May 2022

I am newly registered business owner and I registered just before the lockdown took place and I did not receive my tax certificate. I do have my registration number. Please advise on what I should in order to get my tax certificate. This is new to me and I am confused.

Overseas income

  Written by Nicci   Updated 9 May 2022

I have been working overseas and will be doing so for the whole of 2022 tax year making me provisional:
a. What average exchange rate will I use?
b. When is the first Provisional tax return due and, if necessary payable?
c. Can I deduct my overseas pension and medical from my gross income or is this only if I have a pension/RA and medical in South Africa?
d. I know that R1. 25 mil is exempt so how would I work out the tax on that as I know that I cannot claim all overseas tax...

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Will I get a tax refund if I accept the SARS auto-assessment?

  Written by Nicci   Updated 9 May 2022

My auto-assessment shows that I am due a tax refund. Can this be correct? Do you think I will receive the refund if I accept it, or should I rather reject it and file a tax return?

Claimable medical expenses

  Written by Nicci   Updated 4 May 2022

I would like to find out whether I can claim antenatal multivitamins and non-script items as part of medical expenses not covered by medical aid? I have been buying these since the beginning of the year and I was just wondering if since I use them for medical purposes would I be able to claim them. Kindly assist as I am very much confused. I heard somewhere that one is able to claim medical expenses from SARS, but I am not sure which expenses can be claimed. I tried looking for the list of medic...

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Accepted auto assess forgot my travel logbook

  Written by Nicci   Updated 3 May 2022

What will happen if I already accepted my auto assessment, but I have done so without submitting my travel logbook, am I able to fix this myself, what should I do? Am I correct in saying that I would need to request some sort of correction on eFiling and how would I go about doing this? How and where on the eFiling system should I go to get the request for correction?

What must I do with the auto-assessment from SARS?

  Written by Nicci   Updated 3 May 2022

I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any risks involved with accepting it? What should I look out for? Please help, I know nothing about this new SARS process.

Why am I getting auto-assessed? Where is my tax return?

  Written by Nicci   Updated 3 May 2022

I received an auto-assessment from SARS but I am confused what this means. Why have I been selected by SARS and how did SARS get my data? Can I still submit a tax return if I want to?

I received an auto assessment sms from SARS

  Written by Nicci   Updated 28 April 2022

SARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not sure what to do now as I cannot submit that tax return until 1 Sep 2022

SARS still need more information from me?

  Written by Nicci   Updated 27 April 2022

I have submitted my supporting documents directly to SARS as per their request, but somehow it seems like they still need something more from my side? Can you please assist me regarding this as I am very much confused? I initially thought that I have submitted all the documents which they need and now they are back asking for more.

Claim tax on Affinity Health Medical Scheme?

  Written by Nicci   Updated 27 April 2022

I have a hospital plan with Affinity Health Medical scheme. Does that fall under medical insurance or medical aid? Please note that the plan pays for in-hospital expenses only. I already gave them a call and they advised me they cannot provide me with a tax certificate, they are a medical insurance company. So do I still proceed under the medical aid section if I have pathology expenses and prescription medication that I paid for which I want to claim?

Auto Assess and Travel expenses

  Written by Nicci   Updated 26 April 2022

I have received an SMS, stating that my tax has been assessed automatically and that a refund is due of R7000,00 however I do not know if my travelling has been taken into account as I have not sent anything yet. Could you help me in clarifying this matter? Should I accept it as it is, would this not have an impact on my tax return to SARS when I do finally submit it?

Can a sole proprietor claim for vehicle maintenance?

  Written by Nicci   Updated 26 April 2022

Can a sole proprietor (extra income, working from home) claim for vehicle maintenance (I do most maintenance myself, but have invoices for the parts) and insurance if he did not keep an accurate logbook?

Medical Aid claims and Dependents

  Written by Nicci   Updated 25 April 2022

I was the principal member of my medical aid plan for part of the tax year end Feb 2022 and my husband was an adult dependent. My husband incurred several medical expenses, which were not reimbursed by the medical scheme while he was a dependent on the medical plan. What I would like to find out is, that if a person does not contribute to a medical scheme, like my husband (who was a dependent), he/she is therefore not able to claim a deduction for any medical expenses incurred, correct? And if t...

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Retrenchment tax

  Written by Nicci   Updated 25 April 2022

I have been retrenched because of the company cutting back on staff. My severance package is R107000 including R14000 leave pay. I am 57 years old female. I have been paid out R87000, is that correct?
I thought I did not have to pay tax if my lump sum was under R500 000? Please could you assist me with this as I am very much confused?

Living, working and paying tax abroad

  Written by Nicci   Updated 25 April 2022

I have been living and working abroad in Australia for Australian companies since 2017. All the while I have been paying income tax, social security tax etc. in Australia. Naturally, I do not have an IRP5 from the Australian employer. As far as I understand SARS still requires me to declare my income? If so where and how do I declare this on the tax return?

Transfers from spouse & car sales

  Written by Nicci   Updated 21 April 2022

I have 2 questions

Question 1: My wife sometimes transfers some money into my account to pay a certain bill. The amounts total less than R100,000, it is never anything above that. Do I need to declare this under the TaxTim section question "Did you earn or receive any other money that you think should NOT be taxed?"? Will I be taxed on that amount?

Question 2: I sold my car and bought another car. Do I need to declare the amount I received after settling the remaining insta...

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Are Share Options taxed on date of them vesting (eligible but not exercised) or only when exercised?

  Written by Nicci   Updated 21 April 2022

I have the option to participate in an employee share option scheme, but I'm a little unclear on the tax implications. I high-level view is as follows:

Options will be granted at an agreed price (e.g. R1)
The options will vest over a four year period (annually)
Once vested, I would be able to exercise the right to purchase and retain shares or sell to a willing buyer because the company is private, it may not always be easy to find a willing buyer (e.g. At the end of each year), and I may also not have funds available to purchase the shares myself. My main question is around when would I become liable for tax?...

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Changing banking details

  Written by Nicci   Updated 21 April 2022

I would like to find out the following information regarding my banking details. I have recently changed my banking details from Capitec bank to Nedbank. My salary is paid into my Nedbank and debit orders are also connected to this bank. I still use my Capitec bank account and intend to keep it active. I would like to enquire if I need to notify SARS of the change in banking detail and would I also need to go into the SARS branch to make this happen?

Takehome salary?

  Written by Marc   Posted 20 April 2022

If my take home is R34000 What will my salary be before?

What does 'Due to you' mean on my SARS assessment?

  Written by Marc   Posted 20 April 2022

I just don't understand this "due to you" thing it is been 3 working days since I have been to SARS and I have not received anything. I don't know if I owe them or they owe me, even though my assessment says "due to you"

Married in Community of Property

  Written by Nicci   Updated 20 April 2022

My wife and I got married last year on the 26th of March 2018. We got married in community of property, so when it comes to tax what I would like to understand is whether we will both need to do our tax differently this year and also, I would like to find out what would the implications on our tax returns be like?

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