Do I still need to file an ITR12?

  Written by Alicia   Posted 8 August 2016

As a provisional Taxpayer I have submitted Period 1 & 2 for IRP6 for 2016 but need to know if ITR12 should also be completed and also be submitted to SARS, please advise what this is for?

Would I be able to get my tax refund?

  Written by Alicia   Posted 5 August 2016

Good day,I was employed for 3 years,and I was dismissed last year february. So would I be able to get my tax fund? And I was supposed to get 40 000 from pension fund but I got 33 000 so I would like to know if I would be able to get my refund?

What should I do if I want to change my banking details with SARS?

  Written by Alicia   Posted 4 August 2016

How can I change my bank details online

Interest on Vat invoices

  Written by Alicia   Posted 4 August 2016

Good Day, I want to send out a statement to a client. And I need to ad interest on the outstanding amount. Should I calculate the interest on the non-vat amount of the invoice, or should I charge interest on the full outstanding amount (That includes the VAT)?

What is the SARS source code for compulsory purchased annuity?

  Written by Alicia   Posted 4 August 2016

I have purchased a compulsory guaranteed annuity from a life insurer with funds which were transferred from a living annuity with another life insurer. The living annuity was also due to a compulsory annuity purchase. The SARS source code being used for the monthly income from the compulsory guaranteed annuity is 3611. Is this correct as is this code not only applicable for the taxable interest from a voluntary annuity? If the source code is incorrect, what should it be?

How do I declare the income earned from a group savings?

  Written by Alicia   Posted 2 August 2016

We have a group savings; we have received a tax certificate for it. How do we claim for it? As there are 3 signatories and in total there are 6 people contributing towards it?

What should I do with the IT3(a) and IT3(b) I received?

  Written by Alicia   Posted 2 August 2016

I received it3a and b from GEPF what can I do with it?

I can't authorise tax tim

  Written by Alicia   Posted 1 August 2016

I am registered as an organisation rather than a person (it seems) and I am unable to verify Tax Tim in the way you suggest as a result. Can you give me another way?

Can i split the amount on the medical tax certificate?

  Written by Alicia   Posted 1 August 2016

My dad is retired, in November his medical aid stopped coming off his payslip, and he has to pay it out of his bank account. So my question is,On his IRP5 there is an amount under 4005 for medical aid deduction. But this is only till end October. So I want to know, do I put the rest of the medical aid amount that he paid out of his back account under 4040?

Can I get refunds on my bond repayments?

  Written by Alicia   Posted 28 July 2016

Can I get refunds on my bond repayments?

Bond repayments on a rental property

  Written by Alicia   Posted 28 July 2016

Rental income which I have declared. The bond repayments, is that part of expenses? What about the extra R1000 which I put towards the bond repayment? Where does this fall? I did not enter it at all. Please help

How do I get the base cost?

  Written by Alicia   Posted 27 July 2016

I recieved a share scheme pay out. I do not have an ITc3? How would I go about completeing the capital gains portion of the document, as I do not have a base cost?

Is the interest from an inheritance in a foreign country subject to taxation in SA ?

  Written by Alicia   Posted 27 July 2016

An inheritance is received by a South African resident following the death of a family member in the UK. The bulk of these funds remain in the recipient's bank account in the UK, with some funds being transferred from time to time, when needed. How is this situation viewed by SARS? Is it necessary to declare this foreign asset together with the annual interest, bearing in mind that the funds originated in the UK, and as a result of an inheritance

Do I pay tax on hospital plan payout after a hospital stay?

  Written by Alicia   Posted 26 July 2016

Do I pay tax on hospital plan payout after stay in hospital?

Do I pay tax on the funeral plan payout?

  Written by Alicia   Posted 26 July 2016

My wife passed away in the 2016 tax year. Do I have to declare the funeral plan payout as an income when submitting my taxes? Do I pay tax on the funeral plan payout?

Previous Tax Returns missed? What to do?

  Written by Alicia   Posted 26 July 2016

How to do I submit previous tax returns that I missed (they required docs to be physically submitted). I want to get all my tax up to date so they can pay out what is due to me. Thank you

Notice from taxtim that my return is submitted

  Written by Alicia   Posted 26 July 2016

How will I know that taxtim have submitted my tax return

Tax paid for small business owner, PAYE and or Individuals tax?

  Written by Alicia   Posted 25 July 2016

Hi Tim, I am a small business owner, my company is registered, I have no other employees at the moment. Should I pay myself a salary so as to avoid withdrawing from the business account for personal use. Should I register for PAYE? Do I have to pay individuals tax too if I am registerd for PAYE? The business income is my only source of income?

Both employed and have a business run from home

  Written by Alicia   Posted 25 July 2016

Can I claim home office expenses if I run a business from home (at night) but I also work a regular 9-5. Also in this case can I claim Internet, cellphone, cleaning equipment?

Tax deduction for insurance on rental property

  Written by Alicia   Posted 22 July 2016

Can the excess I paid on an insurance claim be claimed as an expense on my rental property and are the proceeds from the insurance claim taxable?

How should joint rental income and expenses be split and declared?

  Written by Alicia   Posted 22 July 2016

My wife and I (married outside of community of property) jointly own a property (50/50). We rent this property out, and receive a rental income in doing so. The lease agreement with our tenant lists both myself and my wife as the lessors. The rental payment from the tenant is made into my own bank account, from where it is balanced into my wife and I's joint monthly household budget. There are also monthly expenses associated with leasing our property, such as maintenance, services, and bond int...

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Why am I registered for income tax

  Written by Alicia   Posted 21 July 2016

Hi I was working last year earning R3000 a month. I got an sms this year stating that I have been registered for tax accompanied by a tax number. I want to know why this happened?

How much tax must I pay annually if I'm a pensioner earning investment income only?

  Written by Alicia   Posted 21 July 2016

I am 70 years old. IEarn R180,000 interest lumpsum annualy. I have a wife without any income.

I've already filed a return can I resubmit through you?

  Written by Alicia   Posted 20 July 2016

I've already submitted my tax return for 2016, but have just discovered your website. Can I resubmit my tax return through you now for the same tax year?

No IRP5's

  Written by Alicia   Posted 20 July 2016

I worked for a company. They were liquidated and did not give me IRP5's or upload them to SARS. I don't have salary slips either. How do I submit my tax returns?
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