SARS correction still possible?

  Written by Alicia   Posted 17 February 2017

I submitted an income tax return as farming sole prop for 2016. SARS requested supporting documentation and then I uploaded an income statement. I then received an Operations Audit letter from SARS asking to furnish them with the reason of farming income loss. The letter was emailed and does not appear on SARS eFiling. On SARS eFiling they sent a new letter the same as the old one requesting supporting documentation and the generic letter that says if you dont agree re-look at your tax return. I...

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File ITR14

  Written by Alicia   Posted 16 February 2017

My company was registered in October 2016 and my financial year end is February, can you help me do my IRP6 and company tax return or should I wait as the company have not started trading?

IRP6 required

  Written by Alicia   Posted 16 February 2017

SARS requested an IRP6 from me but I was not trading in that tax period, what should I do?

How do you perform tax calculations for property and interest while married in Community of Property

  Written by Alicia   Posted 16 February 2017

My husband and I own property, receive interest income and are married in Community of Property. What percentage of the property income, property expenses and interest income should we each include on our Provisional tax under the total turnover and estimated taxable income respectively?

Payment of income tax on rental income and interest earned.

  Written by Alicia   Posted 14 February 2017

I have some rental income that I would like to invest monthly in my fixed deposit. I know I must pay tax on both the rental income and the interest earned but when? I have to fill in a tax return twice yearly as a provisional tax payer. If the rental income and interest is fixed into the deposit account and I am not allowed to withdraw money, how would I go about paying the interest? Should I keep funds separate specifically for this in another account.

Deregister foor provisional tax

  Written by Alicia   Posted 14 February 2017

I am an estate agent and earn only commission income. I am registered for provisional tax, but my employer has now started to deduct PAYE from my commission. Can I now deregister for provisional tax?

IRP6 completion

  Written by Alicia   Posted 14 February 2017

SARS says that my taxable income is an error, but I declared the income I earned for the year.They keep speaking about my previous year's income but I am no longer employed, how do I fix this?

Lump sum on IRP6

  Written by Alicia   Posted 14 February 2017

Am I supposed to include my pension lump sum on my IRP6?
Also, how should this income be reflected on the annual income tax return?

Source code for renting out camera gear

  Written by Alicia   Posted 14 February 2017

Looking for the source code for a sole proprietor renting out camera gear, I am trying to apply for turnover tax and the form I'm filling in is asking for a source code?

No IRP6 forms or history on my SARS profile

  Written by Alicia   Posted 13 February 2017

TaxTim helped me fill in my provisional tax return last week but I am not able to actually put in my Provisional Tax information as SARS is not showing my IRP6 tax return for 201702, can you tell

Turnover tax and provisional tax

  Written by Alicia   Posted 8 February 2017

If I am paying provisional tax, do I need to register for turnover tax too?

Do I declare my CGT on the IRP6?

  Written by Alicia   Posted 6 February 2017

My husband and I sold our primary residence and bought a new one in April 2016. According to TaxTims Calculator, we don't need to pay Capital Gains Tax because it was less than R2m, but:
1. Do I still need to declare the capital gain?
2. If so, do I declare 50% of it because I own half of the property?
3. Also, I missed any mention of capital gains in my Prov tax Period 1. When I filled in Period 2 today, I didn't see any space to add Capital Gains.

ITR14 confusion

  Written by Alicia   Posted 6 February 2017

I started my company in jan 2015 and want to submit my tax for march 2015- Feb 2016. I requested ITR14 for tax year 2016 is this correct. Which one do I request for Provisional tax for the same tax year. (2015-02,2016-01,2016-02)?

Divide pension between spouses

  Written by Alicia   Posted 3 February 2017

I am married in community of property and my wife and I are both individual provisional tax payers. I have been retired for 20 years. Can i divide my pension income between myself and my wife's income on our IRP6s?

Rental Income Tax for Foreign Non Residents

  Written by Alicia   Posted 3 February 2017

Dear Tim, I am a foreign non resident and own a property in South Africa from which I gain rental income of about R6500 gross per month, or around R4000 after expenses. It has lately come to my attention that I may need to pay tax on this. How do I get started? I rarely visit South Africa.

Transfer a tuck shop in my name

  Written by Alicia   Posted 2 February 2017

I am buying a tuck shop but need to know how I can register it in my name, its a sole proprietor.

Can I resubmit my IRP6?

  Written by Alicia   Posted 1 February 2017

I submitted my IRP6, but I think the tax payment is too high? I feel I missed something. I did this at a SARS office. Is it possible to amend the IRP6 figure before I pay? And if so, how?

No PAYE withheld

  Written by Alicia   Posted 31 January 2017

What should I do if my client has not withheld PAYE from me - I am a personal service provider.

Can I deduct 27.5% retirement fund contribution from my gross income?

  Written by Alicia   Posted 27 January 2017

As a sole proprietor can I deduct 27. 5% retirement fund contributions from my total income before expenses? I render a professional service.

Capital gains in provisional tax returns

  Written by Alicia   Posted 27 January 2017

Must capital gains from an investment portfolio be included in the Turnover amount for provisional tax returns 1 and 2?

What sort of taxpayer am I & where do I start with submitting for tax?

  Written by Alicia   Posted 26 January 2017

I started my own photography business in July 2016 as have registered my business as a private company, and registered for Tax. I earn most of my income from clients overseas & get paid into my PayPal account, but do have South African clients who pay by EFT. I am terribly confused abut how should pay tax on my income, hope you can help?

Import VAT claim

  Written by Alicia   Posted 23 January 2017

I have just registered my pty Ltd this January 2017 and I need know what tax should I collect for SARS when invoice clients for the products I will be selling. When I registered my company at CIPC I received a doc from SARS for the company named income tax., do I use this when invoicing on the place of VAT is this the inc Me tax I should collect for SARS from clients? Thanks

Do I still need to file a provisional tax return if I am now a turnover tax payer?

  Written by Alicia   Posted 20 January 2017

Before I registered for turnover tax, I was registered for Provisional tax. Do I still need to file a provisional tax return if I am now a turnover tax payer?

2016 audit and provisional return, does this delay my refund?

  Written by Alicia   Posted 20 January 2017

SARS is busy auditing my 2016 return, if I only submit my IRP6 for 201702 at the end of February 2017 will this delay my refund for 2016 being paid out?

Can I register for more than one return type?

  Written by Alicia   Posted 17 January 2017

I am self employed and was wondering if I can use your service for my annual return and provisional tax return?
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