Local taxation of UK Pension?

  Written by Marc   Posted 9 November 2013

I turned 65 in February and after a brief visit to UK established that I qualify for a small pension based on what I paid in before emigrating to SA. It amounts to some R40k per annum. I am presently unemployed (no salary presently) due to losing my business last year, but I am working on changing this situation (may be salaried later this year). Two questions:1) if un-salaried would this small amount of pension be subject to tax by SARS.2) if I had the tax from UK paid into my local bank accoun...

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How do I delete an erroneous return from my statement of account with SARS?

  Written by Marc   Posted 8 November 2013

This is a great site, thank for all the effort you put in to helping others. My question is as follows:

I completed my 2013 return. I was then selected for random audit, and submitted the required documents. However my 2009 documents were submitted for my 2013 return (long story!). This resulted in me owing SARS R3,500. I requested a correction, which was done, and my corrected 2013 return reflects that SARS owes me a refund of R1,600. However, the erroneous R3,500 refund figure is still reflected on my statement of account. So SARS is requesting that I pay the remaining balance of R3,500-R1,600. ...

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Can l still do my tax returns from 2004 on TaxTim

  Written by Marc   Posted 8 November 2013

l have never submitted any tax return forms since 2004 will you guys be able to help me?

How long does it takes to get a tax number because I need it as soon as possible?

  Written by Marc   Posted 8 November 2013

I registered today but I do not see my tax number on the copy that they gave me?

MEDICAL AID CONTRIBUTION CLAIM FOR UNEMPLYED HOUSEWIFE?

  Written by Marc   Posted 8 November 2013

CAN YOU CLAIM FOR MEDICAL AID CONTRIBUTIONS IF YOU WERE UNEMPLOYED. IM A HOUSEWIFE AND THE MEDICAL AID IS ON MY NAME. I GET AN "ALLOWANCE" YOU CAN SAY FROM MY HUSBAND. AND WOULD I HAVE TO SHOW THE ALLOWANCE ON MY TAX RETURN

Is registering a second bond in order to reduce rental income tax legal?

  Written by Marc   Posted 7 November 2013

I own two properties. Property A is my primary residence, and is bonded for R700k. Property B is a rental property, is valued at R1m and is bonded for R500k. I make a rental profit from Property B after deducting the loan interest and all other deductible expenses, and thus pay tax on that net income. My idea is to register a second bond on Property B for an additional R500k, and transfer that money into the bond of Property A. The increased interest paid on the combined bonds of Property B woul...

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how to get IT34 From SASSA?

  Written by Marc   Posted 7 November 2013

I have been asked to send IT34 by my medical scheme in order to processed a document, so how can I get hold of that ITA34?

Can codes from multiple IRP5s from the same organisation be added together?

  Written by Marc   Posted 7 November 2013

If I have 2 IRP5 forms from the same institution-do I have to enter all of their information separately or can I add up the amounts for each source code together?

Fines Payable on Audit discrepancies?

  Written by Marc   Posted 6 November 2013

I am getting audited - if they pick up a discrepancy is there a fine I will have to pay? I am not a tax expert and is worried that I made a mistake.

being selected for an audit with no supported documents

  Written by Marc   Posted 6 November 2013

Last year a friend of mine registered me on eFiling so this year I went through a tax practitioner to claim for the first time. The lady claimed for medical and I don't have a medical aid. Then SARS phoned me and said they needed my medical certificate to be submitted within 21 day otherwise they are going to give me a penalty but I don't have medical aid and now they are thinking I was being dishonest and selected me for an audit. I am so scared now as its the first time I am claiming. What mus...

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Where can I find a tax certificate from SARS?

  Written by Marc   Posted 6 November 2013

Where can I get a copy of my tax certificate that shows that I am register for tax as my work need it and don't just want the tax number?

Where to find my tax number and an IRP5 form?

  Written by Marc   Posted 6 November 2013

Where can I get hold of this IRP5 form and how do I find out what my tax registration number is?
My company does not supply me with anything.

No feeback from SARS? Now what?

  Written by Marc   Posted 6 November 2013

I went to submit my tax retun to a mobile office at Kokstad library on 1 October 2013,I did not get any feedback, like last year where you sent a thank you note. I'm not sure whether I appear as a taxpayer.

Was sequestrated last year. How do I register on eFiling again with my new tax number?

  Written by Marc   Posted 6 November 2013

I was sequestrated on 29 November 2012. I can't log into e-filing to complete my Tax Return!!! What do I do now? I had to get a new Tax number and tried to register with that but I don't think it worked???

Confused taxpayer!

  Written by Marc   Posted 5 November 2013

I started working on April 2009 and got my 1st IRP5 in 2010 and I submitted it and they told me that it was not necessary for me to submit since I don't have medical aid and annuity then I did not submit in 2011 and 2012 and I got a letter and SMS telling that I owed SARS R500 for not submitting in 2011 and 2012, now my problem is why was I told there was no need for me to submit and yet I'm being told that I'm owing...is it my fault because I knew nothing about tax returns back t...

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Tax status with SARS?

  Written by Marc   Posted 5 November 2013

How will I know if my tax status is up-to-date?

Physical Presence test questions?

  Written by Marc   Posted 5 November 2013

I have had a complex tax year!

Firstly I am a RSA resident.
From 1/3/2013 - 18/5/2013: 79 DAYS I worked in USA, and was paid by the USA firm.
From 13/08/2013 - today: 72 DAYS I have worked in Zambia on contract, paid out of SA.

My questions are:
1. If I go passed the 183 days, will my tax be refunded?
2. What am tax am I liable for if I had to go passed the 183 days?
3. If I go on holiday for the remaining 40 days outside SA does that count, or do...

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Are there possible penalties associated with becoming tax compliant?

  Written by Marc   Posted 4 November 2013

I want to become tax compliant. If I apply for a tax registration number, would I have to pay penalties for not being tax compliant during previous years?

Do 'casual work people' have to register for tax?

  Written by Marc   Posted 4 November 2013

I want to ask students (between the ages of 15-17 years) to help out in our company for 3 days (once off) within a 20 day period - do these students have to register for tax? I will pay them R35 per hour for a 5 hour shift.

I also want to ask an adult to work for me for 8 days within a 30 day period once off. Do I have to ask her if she is registered for tax? if she is, do I have to pay her through the company payroll or can I pay her out of petty cash?

SARS refund - how long?

  Written by Marc   Posted 2 November 2013

I would like to know how long does it take for SARS to pay my money in my account as a refund?

Calculate Wear and Tear / Depreciation using Interpretation Note 47

  Written by Marc   Posted 2 November 2013

My question has to do with Calculate Wear and Tear / Depreciation using Interpretation Note 47.

Can one claim depreciation on a personal car that one uses to get to work and back?

The 183 days is it in a calendar year, financial tax year or 12 month period from day job started?

  Written by Marc   Posted 1 November 2013

I am currently working in the DRC. I understand that my first stint has to be 63 days unbroken period out side of SA and then 183 days has to be done in 12 months. Please explain the 12 months. Is it a calendar year, is it a financial year, or is it 12 month period from the date we first left to work outside of SA to be exempt from tax.

How do you calculate T-no of years after valuation date when using Time Apportionment Base formula f

  Written by Marc   Posted 1 November 2013

I would like to know which year do you start calculating "T" on time apportionment base formula in CGT?

Do I need to submit a tax return if I earn less than R150 000 in total from 3 different funds?

  Written by Marc   Posted 1 November 2013

I am a pensioner (age 68) I receive only pension & retirement annuity income (3 IRP5 recieved totally less than R150 000 for the year). No tax was deducted by the Funds. Do I still need to submit my income tax return to SARS? If so, would I be liable for tax on this amount?

Medical contribution as income and two different source codes for medical deductions? What does that

  Written by Marc   Posted 31 October 2013

My nephew works for family business. The business is paying his medical contribution and on his IRP5 under income received amount of R59 133 / source code 3810 appears. uUder deductions the same amount appears twice with 2 different codes namely 4005 and 4474. Why are there two different codes and what is reason for code 4474. Could you please explain this to me.

Second question: on a recent payslip "Medical aid tax credit applied -R646.00 appears" - could you please help with this...

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