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Penalties Posts in Tax Q&A

Do I still have to register with SARS and fill in a tax return?



In 2012 I was paying PAYE, I got an IRP5 from work but did nothing with it as I didn't know what it really was. Then in February 2013 they raised the threshold and I no longer earn enough to pay tax. Should I still fill in a tax return for 2012? Will they charge me late fees for this?

I didn't get my IRP5 and it wasnt loaded onto SARS



I just want to find out, my previous employer hasn't sent me my IRP5, and also the accountant doesn't return a response either about it. How can I get my IRP5?

What supporting documents must l add to my personal tax return?



I'm busy doing my personal income tax and don't know what documents I must submit example medical just know about my IRP5/ I'm in a medical fund so what must I declare will you please help me Tim?

What documentation do you have to carry with you when you go to SARS to do your tax returns?



What documentation do you need to submit your tax returns claim to SARS?

What is the limit for tax free donations?



Hi Tim

My girlfriend sold a house she inherited from her deceased mother and would like to split the income with her sister. The amount is approx R500 000, is there a way to transfer the money as a lump sum to her sister tax free?

An accountant advised us to "loan" her sister the whole amount and then to pay off the loan in lumps of R100 000 per year to avoid the 20% donations tax, but every year she needs to complete a declaration together with her tax form submission. Is ...

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Tax on leased property?



I rent out my property but still pay a bond. This is not my primary residence. Do I still need to pay tax?

Study expenses for my son?



My son studies away from home and I pay all his expenses. He has a study loan. I pay the interest on his study loan amounts to R 1000 per month. Can I claim any of his expenses back?

what happens if my ex boss refuses to do my IRP5 form?



Does my ex boss have to post my IRP5 form on line to SARS, or do I have to?

Late taxes, will I be penalised?



I did not submit a tax return last year. What can I do? I assumed employers did it for you! Are there fines involved?

What to do with following expences whilst renting out student accommodation (commune)?



Part of Personal income.
1. Do I enter bond payments for the property anywhere?
2. What about security payments to Chubb?
3. What about Furniture & appliances - all rooms are furnished.

I am owing SARS, but they owe me a refund, now what?



I am owing SARS an amount of R 1000.00 and there is a refund due to me in an amount of R 8000.00 , I have made arrangements as to how to pay the money owed to SARS. My question is can't SARS actually minus the money I owe them from my refund although an arrangement has been made? I was actually told that I would not receive what is due to me if I don't pay the outstanding money.

Lastly how long does it take for SARS to pay your refund if you have submitted via e filling .

Not working, but received a SARS penalty?



I have not submitted SARS returns as I was not working and not working. They have issued a penalty.

Am I liable for a penalty that was a SARS error because not disputed within reasonable timeframe?



I submitted a return for the first time myself in 2012. It was previously done by a colleague who was rather knowledgable. Each previous year (3 years) the outcome was a R0.00 balance as I do not have any medical aid, retirement, etc. Nothing had changed since then. She advised telephonically on how to submit and it was done.I have now received an sms last month (April 2013) stating that I am liable for R15k. Upon investigation with my HR department, they found that the income (IRP5 info) was du...

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When do you submitt your IT3(b) certificate?



I recenlty received a IT3(b) now I dont quit know whether the amount of money reflected there will be given to me or it is an amount that I already have received.

Tax number for a retired person with Residence Permit?



How can I get a Tax number in SA when I don't have an income in SA?I have some interest income from my bank in my origin country, they claim I need a tax number in SA.How can I register to get that?

Procedure in submitting IRP5 form and steps thereafter?



I have an IRP5 tax return form from my company and want to know the procedure to submitting and whats the procedure thereafter?

How do I calculate fringe benefit tax on my vehicle?



vehicle was purchased 2009 on hp, value including vat R433000.00 deposit R95000.00, financedamount R379000I use the car daily to go to work/home but am on clients sites most days for business.not sure how to work out paye monthly on this?rose

If I do 183 or more and 60 cont. and get paid from a company abroad I am tax free so to speak?



Now, if I do 150 and 60 cont. I need another 33 days to be tax free. Let's say I have a vacation in botswana and namibia for 40 days, do those days count towards my tax days.

late submit and refund, now what?



We only found out in April that our tax forms for 2010 and 2011 were not submitted so we did it and got a refund on that 2 years. So submitted the 2012 tax forms but on this one we own SARS money we paid it! So for 16 days we waited for the refund money we call them Friday and they said we need to bring them the deposit slip and we must pay the penelty before they can refund us, but by my understanding that penelty will be taken for the money that they own us or do we have to pay the penelty and...

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Will I pay penalties?



I have been working for around 12 years in permanent jobs, and have never registered for tax, I want to now register as a tax payer. Will I have to pay penalties for this?

I was late in submitting my returns and a penalty notice was issued.



I was late in submitting my returns and a penalty notice was issued. I then (very quickly) finalised my returns which showed that SARS would owe me a refund. Does SARS deduct the penalty from my refund or do I have to pay the penalty first?

SARS requested additional documentation but didn't tell me



I am a provisional taxpayer... I work freelance and my income fluctuates. I've been doing my own tax through efiling for several years now, and have never had a problem. So this year, I send off my return on January 29 (yes, I know, leaving it till the last minute... every year I
promise I won't do that!!), and my assessment comes back, I'm owed R120.56. The amount is so small because I actually already did all the calculations in order to make my third provisional payment by the September deadline, so as not to incur any interest....

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I got an ITA34 notice of assessment, now what?



My husband's work did his tax with the IRP5, they did all the years but not 2010 and 2011 so we submit them on the 25-04-2013 so the lady told as after we bring her the new bank details it will take 21 days to get the money so we did all that was ask but I know we have a penalty do we need to pay the penalty before we can get the money and today I got the letter in the mail its a ITA34 notice of assessment.

Will I pay tax on my rented house if I use that money to rent a house in another area?



I only own the 1 property.

What is the importance of compiling a VAT return if you are an accommodation provider?



This will be a persentation I have to present to 35 small businesses which provide accommodation to university students. I was asked to have a full understanding about VAT/TAX for accommodation providers, please help me as I am about to present this on this coming monday.
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