Written by Evan
Posted 7 October 2015
Written by Evan
Posted 7 October 2015
Written by Marc
Posted 6 October 2015
I have money due to me by SARS. After phoning and requesting why my money was not paid to me I had to go in with 3 month bank statements, certified copy of my id and proof of residence. After still not getting the money due to me I was told to email SARS stating I was not working 2008 and 2009. After doing so I received a call saying I now need an affidavit stating I wasn't working those years. I now have to go back and sit in those queues. The funny thing is the last 3 years I owed them money t...
Written by Marc
Posted 5 October 2015
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 ...
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...
Written by Marc
Posted 5 October 2015
Written by Marc
Posted 5 October 2015
Written by Marc
Posted 5 October 2015
Written by Marc
Posted 5 October 2015
Written by Marc
Posted 1 October 2015
Written by Marc
Posted 1 October 2015
Written by Marc
Posted 30 September 2015
Written by Marc
Posted 30 September 2015
Written by Marc
Posted 30 September 2015
Written by Marc
Posted 30 September 2015
Written by Evan
Posted 29 September 2015
Written by Evan
Posted 29 September 2015
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 ...
Written by Evan
Posted 28 September 2015
Written by Marc
Posted 27 September 2015
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...
Written by Marc
Posted 27 September 2015
Written by Evan
Posted 27 September 2015
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...