Earning between R20 000 and R1 Million on Forex Trading every week

Posted 13 April 2017

I'd like to find out if I pay myself R20 000 to R1 Million every week, do I have to register as a taxpayer or do I use the existing tax number that I use as an employee in another company?

Tax clearance certificate for a non-resident

Posted 5 April 2017

A non South African citizen brought money into South Africa, bought a house and sold it recently. She needs a tax clearance certificate. How does she get it as she has no tax number?

Can register for tax without an ID?

Posted 4 April 2017

I want to register for a tax and it's urgent. I lost my ID and my driver's license too.

Company Taxes (Income, PAYE, VAT etc) Registration

Posted 3 April 2017

Please advise if you're able to assist with registering our company for all relevant taxes and what the cost will be?

SARS Refund and sequestration

Posted 2 April 2017

Why do I need to disclose my income tax number in my sequestration court application? Does this mean that I will not get any SARS refunds due to me whilst under sequestration?

Provisional Tax Submission

Posted 31 March 2017

I freelanced for the 2016 tax year. I just applied to be a provisional taxpayer on SARS eFiling. Do I need to fill out an IRP3(pa)? And when is my first provisional tax payment due?

Mail Received: IT34

Posted 27 March 2017

I received a mail from SARS: "An IT34 notice for the taxpayer listed below has been issued by SARS. Please log into the SARS eFiling system to view the IT34".

I'm not sure what this means.

Application for Tax Suspension

Posted 23 March 2017

How do I make an application for suspension of tax after filing an objection? I MISSED THAT OPPORTUNITY WHEN SUBMITTING MY OBJECTION. Is there any way that I can now submit an application by SARS eFile or email?

Efiling shared access

Posted 22 March 2017

I'd like to add another tax practitioner to get access to my SARS
eFiling. How do I remove TaxTim's access?

Registering as a Provisional Tax Payer?

Posted 22 March 2017

I had freelance jobs and although I don't own my
own business/am not registered as a business. All but one of the freelance
jobs were taxed.
Should I register as a provisional tax payer? If so, how do I go about
doing this and what deductions can I make? e.g. Can I claim for Uber trips,
cellphone bills, wear and tear on my equipment (computer, camera) etc? If I
can claim for things like this, how do I go about doing it?

Query Audited Tax Returns

Posted 22 March 2017

SARS has audited me and it was found that I owe them money. My tax is a mess and I'm wondering if it can get sorted out. I barely receive any money back from SARS. Something seems to be wrong with my tax returns.

Why Register for an Income Tax Number

Posted 20 March 2017

I earn R6000.00 a month. My employer told me that everybody has to register and have a tax number, regardless if you earn under the threshold and don't pay tax. What's the reason that we all have to register for an income tax number, is this correct?

Forgot to Submit my Taxes for Previous Years

Posted 20 March 2017

How do I sort out outstanding tax returns not submitted during previous years?

Penalty Fees

Posted 17 March 2017

I've recently had the misfortune of getting a tax penalty of over R16500.00 It was deducted from my provident fund without my knowledge. A further R7000.00 was deducted from the same provident fund pay out. Please advise me if I can dispute this after it has been deducted; if not I'm fine with it. However, I got a statement from SARS more than two weeks later referring to these penalties. I'm not sure what this statement means.

How to get a Tax Clearance Certificate

Posted 16 March 2017

How do I get a tax clearance certificate for an individual?

Do I get Tax back on a loss from selling shares?

Posted 15 March 2017

I bought shares in a private company (cost me 100k). We have now sold the company in full and my portion of the payout is 80k (i. e. 20k loss). Can I claim tax back on this amount? And if so, what do I need to do it?

Do stay at home moms need a tax number?

Posted 7 March 2017

Hi I'm a stay at home mom with no income. I live in South Africa. Someone said I should get a tax number. Do I need a tax number? Will it be necessary in my future in case I divorce or am widowed or a senior? Shall I pursue it? How would it benefit me?

How to enter a severance payment in my provisional tax return?

Posted 28 February 2017

I'm doing my provisional tax return and received a severance payments during the year as part of a voluntary retrenchment. My employer applied for a tax directive which was successful and I received the lump sum pay-out with the tax benefits associated on the sliding scale. How do I deal with this in my provisional tax return? If I enter the severance payment gross amount, the SARS eFiling system calculates taxes on it using the normal tax tables (it gets calculated at the highest marginal rate...

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Can I resubmit 2016

Posted 24 February 2017

Submitted 2016 tax return but i need to know if I can still resubmit the return even after an assessment was issued?

Procedure for replacing present accountant with TaxTim

Posted 24 February 2017

I have an accountant doing my tax return at present, what would be the procedure for taking my present accountant off my tax account, and replacing him with you?

How will tax work on my bank account with other peoples money in it?

Posted 21 February 2017

Me and five members of my family want to start investing. Before the profits will be paid out the company that does the investments does the tax part on it and then pay us the profits. What I want to know is, if they pay the family members profit into my bank account with my profit will there be any problems with tax on my side because all the money is going to my account. The company will send each of us an IRP5 at the end of the season so that each of us can fill in our tax return.

SARS refund document verifiction

Posted 21 February 2017

Hi, I have filed tax returns with SARS through a practitioner in 2016 for the period (Aug 2015 - Jan 2016) when I was working in SA but I have been notified by SARS to verify bank account and address. As I am not staying in South Africa any more and currently in USA, can not go personally to SARS branch. There are some additional things to this now. I sent scanned copied of the documents like address proof and FNB bank account confirmation along with employment proof and passport to practitione...

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Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?

Posted 17 February 2017

SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filing threshold and therefore did not file my tax return. How do I file my tax return now for 2012 or how do I show SARS that I didn't need to?

SARS correction still possible?

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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I need copy of IRP5 from 2008 to 2009

Posted 16 February 2017

Hi I am in process of immigration to Australia and my case officer ask me for my IRP5 for a formal employer it was since 2008 and I am not sure that I got it or not is there any way I can get electronic copy
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