Are pension contributions deductible even if it doesn't apear on the IRP5?

  Written by Nicci   Posted 13 January 2016

Am I able to claim my pension contribution if it doesn't appear on my IRP5 for the 2014 and 2015 tax years?

Commission earner

  Written by Nicci   Posted 12 January 2016

What expenses can a commissioner earner claim (he is office based but does travel to clients using his own car and petrol. No refundable expenses)

How to get a IRP5 if employer have closed and SARS have do not have one?

  Written by Marc   Posted 12 January 2016

SARS requested my 2012 tax return and on eFiling no IRP5 for this period have been uploaded. I have lost my IRP5 received and the employer at that time have closed and I do not know how I can get the IRP5. What should I do?

Independent consultant tax submission

  Written by Marc   Posted 12 January 2016

I'm starting to do consulting on an adhoc basis and would therefore not be issued any tax related documents from my clients. How do I go about handling my tax? Is there a percentage I need to keep aside for SARS? please help me with where to start.

New business provisional tax

  Written by Nicci   Posted 12 January 2016

I registered a new private company in late September 2015 and would like to confirm by what date the first provisional tax return must be submitted. The company's financial year end is February. On the Notice of Registration with SARS, it states that the company is required to make provisional tax payments as from the 2017 tax period and that the date of liability for provisional tax is 2016/03. Many thanks

What should I do with a message stating that SARS is compensating me?

  Written by Marc   Posted 11 January 2016

I received a message stating that SARS is compensating me with a certain amount from Annual Tax Returned service 2016, with a ref no. What should I do next?

Property sale issue

  Written by Marc   Posted 11 January 2016

I'm selling a property of mine - it's my primary residence. The sale agreement will have the buyer settle the amount with me in monthly installments. Will this cause a problem with my tax return in terms of capital gains etc? Or would the end result be the same as if the buyer had paid me a lump sum?

What to do after incorrectly claiming expenses?

  Written by Marc   Posted 8 January 2016

I incorrectly claimed my MPS fees back on SARS eFiling. I only realised this after submitting supporting document as requested. Since then I realised my mistake, I haven't heard anything sofar from SARS.. What do I do now?

Independent Contractor Setup

  Written by Marc   Posted 8 January 2016

Hi TaxTim

Great site!

I need guidance on what is required ito independent contractor (IC) tax & vat requirements. 1) If trading through my PTY LTD company as an IC, do I pay companies tax as well as personal income tax?
2) Do I deduduct all claims and deductions (medical aid, RA) prior to paying over tax, or only when I reconcile/ file tax?
3) How many times a year do I need to file tax returns?
4) Do I need to setup PAYE and UIF?
5) Income will exceed R1m per year, so vat should be registered. If true, When do I pay vat over to SARS and what paperwork is involved?...

Read more →

Online Bookkeeping Service

  Written by Marc   Posted 7 January 2016

Does TaxTim, know of an online Bookkeeping system, that would work similar to TaxTim. A digital bookkeeper offering simple bookekeeping and preparation of financial documents for taxation purposes. If not, have you thought of starting one, especially for us small business (sole proprietors)?

Declaration of Donation under R 100 000

  Written by Marc   Posted 7 January 2016

If I make a donation of R 100 000 to a family member, do I need to declare this payment to SARS even though there is no tax payable?

Supporting docs requested was uploaded, not sure what happens next for my returns to be paid

  Written by Marc   Posted 6 January 2016

I have received this letter from SARS and uploaded the requested supporting docs.

Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -21375. 50"
I am not sure what is the next process for the money to be paid out?

Audit by SARS

  Written by Marc   Posted 6 January 2016

I was asked to submit supporting documents which I did at the SARS branch it has been more than 30 days is there a way that I can query the status of the audit? They don't owe me a lot of money only around R4500, why are they taking so long?

Will I get the balance back from SARS?

  Written by Marc   Posted 6 January 2016

I've only worked 4 months of the 2015 tax year. Am I correct in saying that one does not need to pay tax if the yearly income is less the R80 000. My earnings for the year before tax if R68 000. So am I correct in saying that if I don't work for the rest of the 2015 tax year, I will get the tax I paid to SARS back?

Do I qualify for a tax rebate

  Written by Marc   Posted 5 January 2016

I earn below R5000, don't pay anything extra besides UIF, can I still claim a refund?

Tax refunds for non tax payers??

  Written by Marc   Posted 5 January 2016

I earn a salary of R57000, don't pay tax, do I qualify for a tax refund?

Car allowance claim

  Written by Marc   Posted 5 January 2016

I have submitted my tax return. Was audited and my car allowance claim excluded as they requested the purchase documentation for the car. Apparently they tried to phone me couldn't get a hold of me and then finalised it without the documentation. My question is. The car was purchased and registered in my husbands name. We are married in community of property. The insurance is in my name. He pays for the car and myself the insurance. Will that be a problem?

Import IRP5

  Written by Marc   Posted 4 January 2016

We have realised that we do need to import a second IRP5. Can you help us to import it??

Open blocked account and merge 2 together

  Written by Marc   Posted 4 January 2016

Why does SARS close a new registered account after a few days?
Is it because we took to long to submit documents or is that normal. Why does it always says that your detail entered is incorrect. How can I merge the 2 accounts together which I have registered. I did not submit for 5 years and paying penalties but this must stop now. I need to submit today. Help

Am I a provisional taxpayer if my employer does not deduct tax from my salary?

  Written by Marc   Posted 4 January 2016

I get a monthly salary on a set day every month but I get it in full, without any tax deductions. It is my responsibility to arrange for the payment of tax with SARS. Do I have to register as a provisional tax payer in order to pay tax?

Tax Payment to SARS for 2015?

  Written by Marc   Posted 4 January 2016

I submitted my tax return today and was informed that I have to pay them R57. How long do I have to pay that money?

Thank you

Provisional 2016 tax calculation

  Written by Marc   Posted 4 January 2016

I want to do provisional 2016 tax calculation, I am on pension from 1 Nov - did received a normal salary, I did received a lump sum with tax directive and pension payment with tax directive

Supporting Docs Submitted

  Written by Marc   Posted 30 December 2015

I submitted supporting docs requested by SARS through on 2 December. Please can you follow up as I have not received the refund nor an outcome on it. Thanks

What is a ITA34 certificate

  Written by Marc   Posted 30 December 2015

Hi I am self-employed and only start trading only from June 2015 I need to find out about a ITA34 due the bank request it what is it and can I get it on SARS eFiling?

Do I owe SARS or do they owe me for 2015?

  Written by Marc   Posted 30 December 2015

My wife's tax assessment ITA34 for 2015 reflects -R4242. 00 (minus R4242)
Does this mean SARS owes her a refund, or does she owe SARS the R4242?
No funds have been deposited into her account yet. The tax return was completed via your site 11 Nov 2015.
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