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Latest Posts in Tax Q&A

How long does it take for a profile to be active and how will I know if its active

  Written by Marc  

I logged in to eFiling but I cant view my history... all I get is ''SARS is busy verifying your registration. Please allow 24 hours for verification to complete before you continue."

Debt review on ITR12?

  Written by Marc  

If I am under debt review do I indicate that in my Return?

Banking detail verification at SARS?

  Written by Marc  

Good day Tim,
My banking details changed and I had to go into SARS to verify the banking details. Everything was done and I did sign the change off electronically. If I go into my SARS eFiling under banking details it still reflects processing? How long do they take to further verify the banking details and then process any refunds?

Pension fund on my ITR12?

  Written by Marc  

Why will the amount deducted from my salary for pension fund, differ from the amount shown on my eFiling tax calc?

Do I calculate tax after deducting employees UIF, provident funds, allowances?

  Written by Marc  

Do I calculate tax after I have debited UIF, Pension Fund and transport allowance or I calculate it before anything is debited?

IRP5 sent and received but still not asssessed, am I being audited?

  Written by Marc  

Hi Tim

I did my tax on the 03/07/2014 on eFiling, I submitted all forms needed for the IRP5. This is my first year doing taxes, what I don't understand is that they asked me for more documentation on Monday requesting my Medical Tax certificate, Claims history and my original IRP5 from my company. Am I being audited? Or do they just need supporting documents for the information from my IRP5 form? The only problem is that when I go on my eFiling, the messages keeps saying.... It has be...



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Retirement & Provident Withdrawal Tax Refund

  Written by Marc  

Good day, on the 25 January 2014 I changed employment and had a withdrawal from my previous employees Retirement and Provident funds of approximately R57200.00 each and I only got approx R42000 deposited in my bank on each. I was taxed on both payouts but does not seem like I am getting a refund on them. On my ITR12 I can see the one payout from Liberty (R57200.00 on source code 3920) but not the other and my issue is that my total rebate is only R 74.00. I really dont think this seems right?

Transfer from one retirement annuity fund to another - how to handle on efiling?

  Written by Marc  

During the 2013/2014 tax year I moved a retirement annuity from one fund to another. As part of this process the accumulated value in the "old" RA was paid over as a lump sum into the "new" RA.

As a result, the "old" fund issued me with an IT3a for the lump sum payout. This IT3a used code 3920 for the lump sum payout, with an additional code 4 indicating it is a tax exempt lump sum payment (there is also a tax directive number on the IT3a).

How do I handle this on eFiling when completing my income tax return?...



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50% medical aid subs paid by company

  Written by Marc  

If the company deducts 50% of my medical aid premium from my salary and they pay they other 50%- however they reflect this as perks tax on my salary slip- should I reflect this on my ITR12 or should I only reflect the 50% which is deducted monthly and also is reflected on my IRP5/ITR12

Can I claim tax against amounts spent on my building of my home?

  Written by Marc  

I would like to know if a person can claim tax against the amount they spend on building a house?

TaxTim costs.

  Written by Marc  

How much is it going to cost me to make use of TaxTim?

How can I get a tax number?

  Written by Marc  

How can I get a tax number?

Not registered for tax, but wants to submit returns?

  Written by Marc  

My husband worked for different small businesses(at home mechanical/panel shops) for 5 years now and received weekly wages per month in cash, which is currently R950 per week and started off on R450 . He was told because of his low income he doesn't need to worry about tax registering. What can he do about this as he has no IRP5's or payslips in order to register himself. We would like to take a life policy for him and heard that he would need a tax number if we should claim in even of his death...



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Have ITA 34, and Statement, banking details verfied but it says on my status ITA document assessing

  Written by Marc  

I received my ITA34 and statement of account, which shows a refund however I got a letter to say that I need to confirm my banking details, which have not changed at all, so I went into SARS and verified now my status says: document received ITA being assessed. I was already assessed. I don't understand....Please help?

Depreciation on my ITR12?

  Written by Marc  

I bought a laptop and tablet that I use for work that cost R20 000. How do I calculate the depreciation?

What medical expenses can be claimed?

  Written by Marc  

What medical expenses can be claimed?

Do public sector employees get a rebate on medical aid contributions not subsidized by the state?

  Written by Marc  

Do you get a tax rebate if you contribute to a private Medical Aid like Discovery Health if you work in the public sector and do you qualify for a tax rebate on funds not recovered from the medical aid but reflected on the tax certificate provided by the medical aid?

Message after submitting IRP5?

  Written by Marc  

What message will you get if you owe SARS on your mobile?

Do I add claims not paid by my medical scheme on my IRT12

  Written by Marc  

On the medical certificate that I have received there's an amount under claims not paid by my medical scheme, do I include that amount anywhere on my ITR12.

How will I know if my submission on SARS eFiling was successful?

  Written by Marc  

How will I know if my submission on SARS eFiling was successful?

Where can I check my tax return

  Written by Marc  

Where can I check my tax return

How do I close my tax account?

  Written by Marc  

I am a provisional taxpayer. I used to have my own business. I am no longer employed and I am leaving the country in December. I am wanting to know what the procedure is to follow in closing my tax account. Do I need to get a tax clearance?

Application denied in SARS application

  Written by Marc  

If you apply for a TAX number from SARS and it says "Identification denied ". What does that mean?

Medical aid deduction?

  Written by Marc  

For part of the 2014 tax year my fiancé and I were part of Medihelp. He was the principal member thus the tax certificate is in his name, however the contributions were deducted from my bank account each month. Can he still include the medical aid on his tax return? Later on in the year we got married and everything is now in my name so we wont have a repeat, thank goodness.

IRP5 issued after returns submission filed.

  Written by Marc  

My last employer has not submitted an IRP5 , and after calling today am getting the run around and same old story "were getting it " .. now.. its only for a 2 month period of work to a gross Value of R40k earned. The remainder of my return is ready and set to go. Can I file? Also, what would happen if the mystery
IRP5 should appear in a week or so???
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