No IRP515 = no tax refund

  Written by Marc   Posted 5 October 2015

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?

Retirement Benefit of R500,000 Tax free

  Written by Marc   Posted 5 October 2015

How do I take advantage of the R500,000 tax free portion AT RETIREMENT? I was retrenched at age 54 and paid full tax on my retrenchment lump sum. Now that I am 56 and would like to retire on the funds in my pension preservation fund, I do not understand why the tax directive on the first R500,000 from my preservation fund was taxed. I have NEVER retired before so I should have the full R500,000 tax free ON RETIREMENT?? Numerous calls to the SARS call centre have me confused between benefits at ...

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SARS issuing re assessment notice more than 5 years after the actual year of submission

  Written by Marc   Posted 5 October 2015

Received notification from SARS to supply proof of expenses claimed on personal tax return for the 2009 years, which was already assessed, re assessed by SARS in Nov 09 and April 2010. Outstanding fees were duly paid in Nov 09. All proof of expenses were duly supplied. IS SARS allowed to re assess again in Sept 2015?

SARS has also request the same for the 2010 year, 2010 was assessed and no proof of expenses were requested. A refund of -R6k was paid over by SARS to me. IS SARS allowe...

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Pension fund reflects payout but it was moved to a preservation fund.

  Written by Marc   Posted 5 October 2015

When I left my previous job I moved my pension fund to a preservation fund. I did not do my 2014 taxes and now when I go on SARS eFiling my IRP5 seems to reflect that I was paid out the money from my pension fund. I'm not sure what I'm supposed to do now. Would signing up for your service show me the steps I need to deal with this on my 2014 tax return?

Should my IT77 Income Details section exclude business expenses as a I'm self employed?

  Written by Marc   Posted 5 October 2015

I am only just registering for a tax number and completing the IT77, but under the section Income Details, it states to declare taxable income. I'm self employed, so I'll be making manual contributions, which to my knowledge is minus expenses. So, my question is, in this section of the form, should I declare my gross income, or only my income after business expenses?

What is a tax ref number

  Written by Marc   Posted 5 October 2015

I need to send my tax return, what is a tax ref number as it says invalid number

E-filing

  Written by Marc   Posted 5 October 2015

How can I download E. Filing

Battling to get 2008 IRP5 certificate from ex-employer.

  Written by Marc   Posted 1 October 2015

I am battling to get my IRP5 certificate for 2008 from an ex-employer and SARS is asking for it. At the time I did not submit the tax return because I recall that in that particular year if you earned under a certain annual income, you did not have to submit and therefore I did not. How can I remedy the situation? I have called SARS SARS eFiling help desk and we tried to see if the information would populate on SARS eFiling but it did not.

My income paye is 70753.00 I want knw hw much will I get?

  Written by Marc   Posted 1 October 2015

I have worked for 8years... We were told to resign so that dey cud register us again.. My total income paye is 70753. 00, SO I WANTED TO KNOW HOW MUCH WILL I GET PLUS HOW LONG DOES IT TAKE?

How do I submit 2007 return without documents?

  Written by Marc   Posted 30 September 2015

SARS is requesting that my husband submit a 2007 tax return. However, he was only working certain times during that tax period (as a freelance contractor) and has no IRP5. He contacted the company he worked for as well, and they have no record of a IRP5 as well. What do you advise him to do now if he has no documents for that tax period? He may be able to get a record of his retirement annuity contributions, but that is all.

Help with IRP5 doc online

  Written by Marc   Posted 30 September 2015

My employer does not want to give me my IRP5 form for me to find out how long I worked there in 2012. Is there any way I can see my IRP5 forms online just to get dates? I really need to know that info. Ive got my tax number and that is basicly all ive got. Please help

I would like you to explain what the meaning is

  Written by Marc   Posted 30 September 2015

Good morning I got this sms from sars




tax period 2014 due to you -2124. 12

tax period 2010 due to you -668. 82

tax period 2011 due to you -2183. 27

tax period 2015 due to you -2300. 06

tax period 2013 due to you 2300. 00

payment due the 1st October and 31st October

what does this mean

Tax Return for contract work?

  Written by Marc   Posted 30 September 2015

I worked for a contract of 3 months was earning R20 000 per month TAX was deducted from my salary, is that possible? I wanna know if I can go to SARS & claim my money back. Thank You!

I got my IT statement and it says electronic refund. Should I expect the refund tomorrow?

  Written by Evan   Posted 29 September 2015

Hi Tim

I got my IT statement and it says electronic refund on 30/09/2015 should I expect the refund tomorrow?

Deadline: Manual Versus Via Tax Practitioner

  Written by Evan   Posted 29 September 2015

Hi there, when is the deadline for submitting manual income tax returns?

I had submitted my income tax returns via my tax practitioner and when is this tax practitioner due to meet before the deadline reaches?

Statement of Tax invoicing

  Written by Evan   Posted 28 September 2015

Hi, I submitted a tax return via SARS eFiling which tax returned an assessment that I owe SARS R2500. Puzzled by this I asked a friend and she advised that I had entered the number of dependents for Medical Aid incorrectly. I filed a correction and SARS now owes me R2700. The statement, however reflects an amount of R200 and reflects the incorrect R2500. Surely that shouldn't count or am I missing something?

I called SARS and was told they focus only on the original assessment. I am ...

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NO refund yet

  Written by Evan   Posted 28 September 2015

Good Day

I recently submitted my tax return and have a refund due to me. I emailed SARS and asked how come I have received my refund and they say that I have not submitted my 2011 tax return. I only worked for 4 months in that tax year and earned way below the threshold. Also in previous years they have refunded me without asking me to submit the 2011 tax return. What I would like to know and am afraid of is, if I submit the 2011 tax return now will I not incur penalties and interest?

When will money show into my account

  Written by Marc   Posted 27 September 2015

SARS owes me money

How do I dispute an Additional Assessment issued by SARS that is not correct?

  Written by Marc   Posted 27 September 2015

Hi Tax Tim

I am very pleased with the work that you are doing here. Keep up the great work!!!

I submitted my tax return to SARS about a month ago and they selected me for verification/an audit because I had a refund payable to me. I submitted all the documentation they required (logbook, receipts etc), but they have recently responded with an addditional assessment stating that I owe them money - which cant be the case, as I am a 100% commission earner (with no basic salary) and I dont have a tax directive...

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ITA34- Gives 0.00 as Net amouny payable but tax calculation result is "-18K".

  Written by Marc   Posted 27 September 2015

I submitted tax return (ITR12) for year 2013-2014 via SARS SARS eFiling and calculator shows that amount is -18K. But
ITA34 Notice of Assessment show "0" amount as net payable. What does this mean because I should be expecting 18K refund as per tax calculation pdf generated. Why ITA34 says "Net amount payable under this assessment after allowable credits
Compliance information:0. 00"???? Please help me to understand this.

Can I get tax number via the internet?

  Written by Evan   Posted 27 September 2015

How can I get tax number via the internet?

My total taxable return is higher than normal, am I being punished for bonuses received this year?

  Written by Marc   Posted 25 September 2015

Hi Tim, I have recently completed my tax return. I received a first assessment that said I owed SARS 7630 but I was selected for verification. After the verification process, I received another assessment that reflected R0 amount. But it appears I still owe the initial 7630. Firstly, I don't understand the different conclusions reached in the two assessments and why the first one appears to hold still. Second, my total taxable income for the year being assessed is unusual in the sense that it in...

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SARS refunds and monetary gifts

  Written by Marc   Posted 24 September 2015

Do monetary gifts and my SARS tax refund count as income received?

Audit

  Written by Marc   Posted 24 September 2015

Hi Tim... I was flagged for an audit and SARS also phoned for alternative documents. I have 2 questions. One is... SARS office says that after the email was send to the bookkeepers notifying us of the " audit" it takes 30-90 days to complete and that they are not allowed to take any longer than that. How true is this and two.... Based on what evidence can SARS refuse to pay out your refund to you? I have been submitting my tax return for the last 7 years now, always got my money within 2 weeks ...

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Is a work visa a requirement when you submit returns as a foreigner

  Written by Marc   Posted 23 September 2015

As a foreign national, I currently hold a study permit for PhD but was fortunate enough to get work with a gross of R15000 monthly and some tutoring work with a gross of R6000 monthly. I am however concerned about the fact that I do not hold a work visa and whether this will be a factor should I want to submit tax returns.
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