How long will it take to be refunded after resubmitting my tax return?

  Written by Marc   Posted 9 September 2013

Hi Tim. I submitted my tax returns and did not claim on my travel allowance, now SARS sends me an SMS stating I owe R8750. If I were to resubmit and claim on my travel allowance, how long will it take for SARS to refund, and what's gonna happen on the amount they say I owe? Regards Themba

Should I including workings in the yellow blocks on student assignments?

  Written by Marc   Posted 8 September 2013

Should I including workings in the yellow block?

Personal Service Provider

  Written by Marc   Posted 8 September 2013

Hi Tim

1. I am starting a company and it will be a Personal service Provider. I know tax has to be withheld at 28% by my client. What I don't understand is whether the 28% is a flat rate or does the tax payable get recalculated when I submit my ITR12?

e.g.
Say I earn 20000 a month X 28 % tax = 5600 . Tax payed for the year = R 67200.
However if I was taxed as a regular employee my tax would have been = R 37,359.75

Will SARS pay me back the difference?
...

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Contact country detail

  Written by Marc   Posted 8 September 2013

What is the country code for South Africa on SARS efiling (two digits)?

Must workings of final answer be provided in the yellow blocks on student assignment?

  Written by Marc   Posted 8 September 2013

Are workings required to be shown in the yellow blocks or is the final answer sufficient?

What is a recurring penalty?

  Written by Marc   Posted 8 September 2013

I got a message saying 'i have a recurring penalty'. What is it & how do I settle this?

Can individuals doing community service claim tax back for HPCSA registation fees?

  Written by Marc   Posted 8 September 2013

Hi Tim, I was a Community Service psychologist for the tax year 2013. Can I claim my HPCSA fees back and the money I have spent on professional development (obtaining CPD points)? I know permanently employed people cannot claim this back. But would the same apply to community services, as we are still considered students and we are employed on a contract basis?

Kind regards
Kelly

Vehicle tax benefits for CC or Pty company

  Written by Marc   Posted 8 September 2013

What are the tax benefits of leasing a vehicle? The lease amount is R4 000 p/m and it's for 36 months. Should I rather get a single cab bakkie and claim the VAT back on that? I own a few restaurants, so it would be for picking up emergency stock and the company logo will be displayed on either vehicle (if that makes any difference).
I own a cc and a pty(ltd), is there different tax benefits for them?

Is there a specific reason why SARS ask for supporting documentation or is it selected at random?

  Written by Marc   Posted 6 September 2013

Hello Tim!Is there a specific reason why SARS ask for supporting documentation? Some of my family members are selected for verification and others not, is there a specific reason or at random? Will it be asked next year?

I want to ask who files for returns? How much should you be earning to file for tax returns?

  Written by Marc   Posted 6 September 2013

I want to ask who files for returns? How much should you be earning to file for tax returns?

Old tax number

  Written by Marc   Posted 6 September 2013

How can I find my old tax number?

Taxable Settlement agreement?

  Written by Marc   Posted 5 September 2013

Hi Tim,

Last year (this financial year though) I left a job and had a settlement agreement with my ex-boss for outstanding monies for overtime as well as for medical expenses as a result of my work. We have had no contact since the settlement. When going to file at SARS I noticed he has included the full amount as income on my IRP5, where as only a small portion was for income and the rest to cover my medical bills. Am I correct in thinking that I am not liable for income tax on the S...

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Do you have to fill the yellow blocks on the student assignment?

  Written by Marc   Posted 5 September 2013

Do you have to fill in the yellow blocks in the calculation part of the question?

How do I check if my return was successfully submitted?

  Written by Marc   Posted 5 September 2013

Who do I contact so that they may check for me if my return was successfully submitted, and what information must I have at hand on inquiring?

Do you need to supply an IRP5 for freelance workers?

  Written by Marc   Posted 5 September 2013

If we have a freelance guide that worked for us for a number of days in the year and they get an agreed payment from us (example of R 650 per day) and we do not deduct tax for this. Do we need to supply them with an IRP5? Take note that this person is not an employee of this company.

How will tax be calculated after I leave my job?

  Written by Marc   Posted 5 September 2013

Hi Tim
I am over 45 and have 20 yrs service with the state. I'm planning to exit. How will my tax be calculated?

SARS: Verification of Assessment

  Written by Marc   Posted 5 September 2013

Hi Tim

I submitted my return via efiling on 16 August 2013 and received notice to submit supporting documents which I did on 21 August 2013. It was confirmed that the supporting documents were in order. On 3 September 2013 I received SARS correspondence for my attention on efiling. When I logged in my efiling status is "Correction filed" and the description of the letter is "Completion letter". The contents of the letter is as follows:

"Dear Taxpayer

VERIFICATION OF ASSESSMENT...

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Incorporated versus sole prop for a new business

  Written by Marc   Posted 4 September 2013

Hi Tim. I am about to embark on a new venture and start up my own business. We are bound by various rules and regulations as per the HPCSA and are only able to practice in an incorporated or solus practice. I am feeling very unsure as to which is the best option tax wise? The gross monthly income of the practice is expected to start off at and vary between R30 000 and R50 000 per month. I will not have any partners or permanent employees. I work from home 50% of the time and am onsite (travellin...

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Income tax numbers for employees

  Written by Marc   Posted 4 September 2013

Hi
Tax season is here again, and we had a whole lot of staff who left and we did not get their income tax numbers. Is there a way that we can get it?

New to tax, what taxes must I pay and how?

  Written by Marc   Posted 4 September 2013

HI

I'm new to the tax paying thing, and want to know, I have just started working earning R17000 and want to know what taxes my work should be paying and what I have to pay or submit or.... with the help of Tim of course :-)

Thanks

Regards
Pascal

Claiming for medical expenses paid out of personal savings account.

  Written by Marc   Posted 4 September 2013

I did not have a fixed monthly income for the tax year ending Feb 2013. My medical expenses were covered from my personal savings account. I incurred medical expenses; can I still deduct the medical expenses paid from out of my private savings?

I haven't been paying tax since starting work (5 years). What are the implications?

  Written by Marc   Posted 4 September 2013

I have been working since 2008 and earning enough to qualify for tax but I am not a registered taxpayer. Will I be liable to pay taxes for all those years I have been working till date, as I plan on registering for tax to avoid any more repercussions?

No payment reference number for SARS payment?

  Written by Marc   Posted 4 September 2013

How to get my payment reference number if I had not received my postal statement?

Working from SA, being paid in UK

  Written by Marc   Posted 4 September 2013

Living and Working in South Africa remotely to UK (IT).

Hi Tim

I lived in UK for 5 years and returned to SA in 2010. I have dual nationality (German and South African).

I have been working in SA for a local company since 2010 earning rands. I have now been approached by my previous employer in UK to work for them again remotely from SA.

If I am paid by them in pounds into my UK bank account where will I pay tax and will have have to bring in all my earnings to SA or can I only bring in what I need?...

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Locked out of efiling

  Written by Marc   Posted 3 September 2013

I am locked out of efiling. I think I typed my password incorrectly...
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