I have a tax number, but how do I verify it?

  Written by Marc   Posted 31 March 2022

I want to find out whether it's registered in tax office.

Independent Contractor versus Personal Service Company

  Written by Nicci   Updated 30 March 2022

I'd like to get some clarity on whether there is a difference between an Independent Contractor and a Personal Service Company?

How much should I expect for tax on leave payment?

  Written by Evan   Posted 30 March 2022

Q: How much tax would I pay on my leave payment

Where to find proof of income tax reference number?

  Written by Nicci   Updated 30 March 2022

I need documented proof of income tax reference number - not IRP 5 or salary slip. Where do I get this? I need this for retirement papers.

How do I see if SARS owes me money?

  Written by Marc   Posted 30 March 2022

How do I see if SARS owes me money?

How to get my tax number via email

  Written by Alicia   Updated 30 March 2022

How can I get my tax number via email rather than going to SARS?

Notice issued on SARS eFiling, explain please

  Written by Marc   Updated 30 March 2022

Q: "Notice Issued on SARS eFiling. IT34 Notice for 2015/1". I submitted my tax returns yesterday and received this SMS afterwards, what does it mean?

Negative amount on my SARS statement

  Written by Alicia   Posted 30 March 2022

Q: Negative amount on my SARS statement

Difference between Vat and Tax numbers

  Written by Nicci   Updated 29 March 2022

Q: What is the difference between a VAT registration number and a tax reference number. When do I use which one? Are they not the same thing?

How do you calculate leave days when paying out your employees

  Written by Nicci   Posted 22 March 2022

Q: How do we calculate leave days?

Scenario 1: An employee who works 40 hours per week and who has a monthly basic salary of R17933.00 and has carried over 20 leave days of which we would need to pay out.  

Scenario 2: An employee who works 37.5 hours per week not 40 hours who has the same basic salary of R17933.000 and had 20 leave days to be paid, how would you calculate leave days?

 

A: You can calculate leave days as...

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Why was my tax refund reversed by SARS?

  Written by Nicci   Posted 17 March 2022

I have not received my tax refund and it is the 18th of the month. My tax return was submitted on the the 3rd of this month.

Tax on Lump Sum payment - Provident Fund

  Written by Nicci   Posted 16 March 2022

Hi,

A friend received a lump sum payment from her provident fund to pay for a family members medical bills. Is she able to claim back some of the tax paid over to SARS for the additional medical expenses? She had previously received a lump sum payment on retrenchment, so this is the second lump sum recieved from the fund. She has no other income.

Partnership in rental property - how to declare on my tax return?

  Written by Nicci   Posted 16 March 2022

If I own 50% of a property do I only put my portion of the rental income and expenses in?

Do I need to wait for SARS confirmation for provisional tax return?

  Written by Nicci   Posted 16 March 2022

I have successfully filed my provisional tax return for 2022 and would like to know if I need to wait for SARS to approve the amount or do I go ahead and pay the amount stated through the eFiling site?

Can I claim against the use of my vehicle if the only code on my IRP5 is 3703?

  Written by Nicci   Posted 15 March 2022

I have used my vehicle for official travel - there is only code 3703 on my IRP5. Can I claim travel expenses in my return?

Money owed to SARS

  Written by Nicci   Posted 15 March 2022

I want to understand why I am owing SARS and how to pay the money to SARS?

Tax for a Personal Service Provider

  Written by Nicci   Posted 10 March 2022

Hi Tax Tim,

I am a Personal Service Provider (PSP). My client withholds PAYE at 28% in the name of the PSP i.e in my company's name and not me personally, as an individual taxpayer. This concerns me because the PAYE tax credits sit in my company's name, but from an individual perspective I have not paid any tax on the salary I withdraw from my company.

The PAYE refund, if any, will be paid into my company. How do I show the tax on my salary in my individual tax return? If I...

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Freezing emigrants Retirement Annuities, how do I declare non-tax resident status?

  Written by Nicci   Posted 10 February 2021

Hi TaxTim, please can I ask about emigration and Retirement Annuities (RA)?

The new South African tax regulation, effective March 1, regarding emigrants' RAs being frozen for 3 years after financially emigrating:

1. I was told the start of the 3 years is not from date of financially emigrating, but rather the declaration date of non-tax resident status, is this correct?
2. If so, how does one declare oneself a non-tax resident?
3. I may have already declared mysel...

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SARS discrepancy sms

  Written by Nicci   Posted 5 August 2020

I got a sms from SARS reviewing discrepancies identified between 3rd party (TaxTim) and my last Income Tax tax return. Also they are advising me that I should ensure that the information is captured correctly. My information is captured by Sanlam and assume it is correct. Please advise what the discrepancy could be? And why do they mention the word "discrepancy"?

What does SARS mean by auto-assessment?

  Written by Nicci   Posted 27 July 2020

I saw something in a news article about SARS issuing auto-assessments this year from 1 August. I tried to research but couldn't find much and this is all very new to me. Please can you explain what this is? Are there any new changes which I need to be aware moving forward? I have been filing my own tax return for the past years, but I hear that I might not need to do so this year.

Why am I being auto-assessed on SARS eFiling?

  Written by Nicci   Posted 22 July 2020

I received an auto-assessment from SARS. My husband did not receive the SMS but my friend also received an SMS saying she has been auto-assessed. Why have SARS introduced this new process? Why are there some being auto-assessed and not others?

SARS sent me an SMS about auto-assessment? Is this legit?

  Written by Nicci   Posted 20 July 2020

I received an SMS from SARS which mentioned something about an auto-assessment. I have not heard of this before. I don't trust anyone these days, and because of that I just want to ensure that this is legit - do you think this is a scam?

Can I reject the SARS auto assessment and fill in my tax forms?

  Written by Nicci   Posted 20 July 2020

I received an auto-assessment from SARS and I am not certain how to work around it. What I do know is that I would prefer to complete a tax return as normal, like I usually did in the past years. Would this be possible? If I reject it, what will happen?

Individual Tax Consultation

  Written by Nicci   Posted 18 June 2020

In January 2018 I stopped working as a full time employee and for the 2018/2019 tax year I did various things (including foreign travel and work) and earned different kinds of incomes. I did not register as a provisional taxpayer as at that stage I really did not know how the year was going to pan out and if I was going back into full time employment again. I would like to settle any tax I may owe for the 2018/2019 year, however with my different incomes, working out the country for more than 18...

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Tax deductions exceeds the tax paid

  Written by Nicci   Posted 28 May 2020

What happens if my Allowable Tax Deductions exceeds the tax paid in the same year. Logically I should only be able to claim back the actual tax paid? It will be Additional allowable Medical claims which will not be covered by the medical aid. These amounts plus smaller deductions will push the claims to over and above the tax payable amount.
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