Notice of Objection supporting documents
Posted 6 October 2015
Hi Tim. LOVE your site. So helpful! Just a question. We submitted a Notice of Objection on 3 August. They came back (finally) 29 September... Requesting supporting documents (docs we have already submitted b. T. W) so I resubmitted. How long now till they look at the supporting docs? Can I expect another 2 month wait?
Micro Business
Posted 5 October 2015
The First R200 000 dividends paid during the year of assessment by the micro business is exempt from dividends tax. The Micro Business cannot deduct any business expenditure. What does this mean, can I then not deduct vehicle expenses, donations, etc..
No IRP515 = no tax refund
Posted 5 October 2015
I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?
SARS issuing re assessment notice more than 5 years after the actual year of submission
Posted 5 October 2015
Received notification from SARS to supply proof of expenses claimed on personal tax return for the 2009 years, which was already assessed, re assessed by SARS in Nov 09 and April 2010. Outstanding fees were duly paid in Nov 09. All proof of expenses were duly supplied. IS SARS allowed to re assess again in Sept 2015?
SARS has also request the same for the 2010 year, 2010 was assessed and no proof of expenses were requested. A refund of -R6k was paid over by SARS to me. IS SARS allowe...
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Its been more than 21 days since I've been on audit, how long does it take?
Posted 5 October 2015
I submitted my 2013 IRP5 this year. It was sent for audit and I was told it will take 21 days. I haven't heard from SARS again. No updates none whatsoever. How long does it take for audit and how does it work?
Tax on Scholarships
Posted 5 October 2015
I'm a writer in receipt of a scholarship from an overseas foundation. Will I have to pay tax on it, come year end? What documentation would I have to provide for it to be tax exempt, if that's on option?
Non-resident tax implication on rental income?
Posted 5 October 2015
Myself and the wife ( non-residents / Irish citizens and tax payers) bought a property in South Africa in both our names. Does the R 65 000 tax exemption apply to each of us individually? The combined rental income is R 120 000 after expenses/deductions. We plan to invest the rental income in a flexible money market account at 5,75%. If the exemption applies to both i. O. W R 130 000 combined, do we have to register for tax?
Can flight tickets once in two years to oversee maintenance and i...
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Battling to get 2008 IRP5 certificate from ex-employer.
Posted 1 October 2015
I am battling to get my IRP5 certificate for 2008 from an ex-employer and SARS is asking for it. At the time I did not submit the tax return because I recall that in that particular year if you earned under a certain annual income, you did not have to submit and therefore I did not. How can I remedy the situation? I have called SARS SARS eFiling help desk and we tried to see if the information would populate on SARS eFiling but it did not.
How to account for water and electricity received by tenants in NPO return?
Posted 1 October 2015
I am completing a tax return for a church (NPO). The church rents out a building and receives rent income. When the church gets the water and electricty account they pay it on behalf of the tenants and the tenants deposit the water and electricity amount into the churches bank account. How should I classify this deposit received for water and electricity?
My income paye is 70753.00 I want knw hw much will I get?
Posted 1 October 2015
I have worked for 8years... We were told to resign so that dey cud register us again.. My total income paye is 70753. 00, SO I WANTED TO KNOW HOW MUCH WILL I GET PLUS HOW LONG DOES IT TAKE?
Time frame of correction filed status
Posted 30 September 2015
I submitted my tax return and was asked for supporting docs which were uploaded and submitted the same day. This was on the 14th of Sept and now on the 30th Sept the status has still not changed from correction filed? how long is this expected to take?
How do I submit 2007 return without documents?
Posted 30 September 2015
SARS is requesting that my husband submit a 2007 tax return. However, he was only working certain times during that tax period (as a freelance contractor) and has no IRP5. He contacted the company he worked for as well, and they have no record of a IRP5 as well. What do you advise him to do now if he has no documents for that tax period? He may be able to get a record of his retirement annuity contributions, but that is all.
I would like you to explain what the meaning is
Posted 30 September 2015
Good morning I got this sms from sars
tax period 2014 due to you -2124. 12
tax period 2010 due to you -668. 82
tax period 2011 due to you -2183. 27
tax period 2015 due to you -2300. 06
tax period 2013 due to you 2300. 00
payment due the 1st October and 31st October
what does this mean
Tax Return for contract work?
Posted 30 September 2015
I worked for a contract of 3 months was earning R20 000 per month TAX was deducted from my salary, is that possible? I wanna know if I can go to SARS & claim my money back. Thank You!
I got my IT statement and it says electronic refund. Should I expect the refund tomorrow?
Posted 29 September 2015
Hi Tim
I got my IT statement and it says electronic refund on 30/09/2015 should I expect the refund tomorrow?
Car Deductions on Commission
Posted 29 September 2015
Hi Tim, I am a Commission earner and I claim back on my vehicle usage on depreciation and logbook. When I claim back on my car usage, I keep a logbook as well. But my question is, can I claim back on a paid up vehicle? or do I have to still be paying monthly towards finance. Does the finance amount help with increase my tax return from SARS. Eg if im paying R2500 or R2000. Which will yield a higher tax return?
Statement of Tax invoicing
Posted 28 September 2015
Hi, I submitted a tax return via SARS eFiling which tax returned an assessment that I owe SARS R2500. Puzzled by this I asked a friend and she advised that I had entered the number of dependents for Medical Aid incorrectly. I filed a correction and SARS now owes me R2700. The statement, however reflects an amount of R200 and reflects the incorrect R2500. Surely that shouldn't count or am I missing something?
I called SARS and was told they focus only on the original assessment. I am ...
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NO refund yet
Posted 28 September 2015
Good Day
I recently submitted my tax return and have a refund due to me. I emailed SARS and asked how come I have received my refund and they say that I have not submitted my 2011 tax return. I only worked for 4 months in that tax year and earned way below the threshold. Also in previous years they have refunded me without asking me to submit the 2011 tax return. What I would like to know and am afraid of is, if I submit the 2011 tax return now will I not incur penalties and interest?
When will money show into my account
Posted 27 September 2015
SARS owes me money
How do I dispute an Additional Assessment issued by SARS that is not correct?
Posted 27 September 2015
Hi Tax Tim
I am very pleased with the work that you are doing here. Keep up the great work!!!
I submitted my tax return to SARS about a month ago and they selected me for verification/an audit because I had a refund payable to me. I submitted all the documentation they required (logbook, receipts etc), but they have recently responded with an addditional assessment stating that I owe them money - which cant be the case, as I am a 100% commission earner (with no basic salary) and I dont have a tax directive...
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Verification of banking details- requirements.
Posted 27 September 2015
My ITSA does not ask for any information, but I received an sms asking me to verify my banking details. There was no letter and no indication of what documents may be required. What do I do?
Request for Supporting Documents but I have not been employed for 3 years
Posted 27 September 2015
SARS is asking for supporting documents related to my tax return but I have been unemployed and living abroad for three years! I don't have any of the documents they are requesting. I still pay provisional tax and submit that tax return dutifully. I read that I must swear an affidavit at a police station but I am currently not in the country and won't be back for several months - they need these supporting documents in 21 days. What must I do? (I did email them, asking them what to do, but they ...
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Still waiting for one more verification
Posted 27 September 2015
Hi Tim. I was asked to submitted supporting documents for review for year 2012 and 2014. I submitted for both years but according to SARS I have two IRP5's for 2012 one from period 2011 March to 2011 December when I was employed by university of Limpopo, and the other is for February 2012 when I was just appointed by Free State department of health now I asked for my IRP5 for that month since SARS has the irp for that month and they say I Do not have it since I was appointed that month, but I m...
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ITA34- Gives 0.00 as Net amouny payable but tax calculation result is "-18K".
Posted 27 September 2015
I submitted tax return (ITR12) for year 2013-2014 via SARS SARS eFiling and calculator shows that amount is -18K. But
ITA34 Notice of Assessment show "0" amount as net payable. What does this mean because I should be expecting 18K refund as per tax calculation pdf generated. Why ITA34 says "Net amount payable under this assessment after allowable credits
Compliance information:0. 00"???? Please help me to understand this.
My total taxable return is higher than normal, am I being punished for bonuses received this year?
Posted 25 September 2015
Hi Tim, I have recently completed my tax return. I received a first assessment that said I owed SARS 7630 but I was selected for verification. After the verification process, I received another assessment that reflected R0 amount. But it appears I still owe the initial 7630. Firstly, I don't understand the different conclusions reached in the two assessments and why the first one appears to hold still. Second, my total taxable income for the year being assessed is unusual in the sense that it in...
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