Can l still submit my return if I receive a penalty ?
Posted 6 November 2012
Can I still submit my return after receiving a penalty?
How do I file my tax return for the first time?
Posted 6 November 2012
I haven't done a tax return before but I was registered by my employer. Ho do I go about doing my returns and what penalties should I expect? Can you help in this situation and what will it cost if you can?
Can I deduct the interest I pay on my home loan?
Posted 6 November 2012
I have received a tax certificate from my bank showing the amount of interest I was changed during the tax year. Where (if anywhere) do I capture this on my tax return?
How do I get a tax rerence number for a deceased individual?
Posted 6 November 2012
I am looking for a tax reference number for my late mother as places like Sanlam require it. How do I go about finding it?
I earn R8500 and have never been registered at SARS, my boss says I don't need to, is this correct?
Posted 31 October 2012
I earn R8500 a month, which is the most I've ever earned. My boss keeps my salary low because he says that way I won't pay tax. I am so ignorant. Am I breaking the law or is my boss? SARS doesn't know I exist. Would I be fined? I don't have any savings stored up either. It's not that I did this on purpose. If I register it'll jeopardize my job. In fact, everyone working for him isn't registered with SARS. Isn't there a form you're supposed to have at ...
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Does home loan interest charged affect my tax?
Posted 31 October 2012
I received a tax certificate from my bank showing the amount of interest charged on my home loan. Where or how do I enter this on SARS eFiling?
Does home loan interest charged effect my tax?
Posted 31 October 2012
I received a tax certificate from my bank showing the amount of interest charged on my home loan. Wherehow do I enter this on SARS eFiling?
How do I create a new eFiling account?
Posted 29 October 2012
My IRP5 had incorrectly been issued on my late husband's tax reference number. I had used this number to create an e-filing account. The reference number has since been sorted out at a SARS branch but not on e-filing. How to I change the tax reference number that my e-filing account is registered with?
Do I have to be registered with SARS if I don't work?
Posted 29 October 2012
I am a housewife and someone said to me that SARS must know of my existence. Is this true? Is it necessary to aggravate myself by standing in insanely long queues?
How do I access the page listing documents I need to complete my return?
Posted 29 October 2012
I am busy answering the questions on TaxTim but need to go back to the page containing the source documents e.g IRP5, IT3b etc. How do I do this?
How do I claim for the purchase price of 3 flats that I rent out?
Posted 14 October 2012
I have finished my claim, I noticed a place on the form to enter the interest I paid to the bank for the finance. Is there no way to claim for the actual money I paid for the flat each month compared to what I earned each month in rent?
I do not understand why TaxTim is different to manually completing an ITR12?
Posted 1 October 2012
Where do I update my personal particulars and where on TaxTim do I enter details of my IT 3(a)'s and bank interest?
What happens if I've earned foreign income?
Posted 25 September 2012
I qualify to have my income classified as foreign income, but am unsure of the disclosure of this on my tax return.
Late submission
Posted 17 September 2012
I have not yet submitted my previous tax year (2011) tax return and would like to do it now together with my 2012 tax return. I have seen that SARS penalises late returns by R250 per month. Is there any way to get them to be a bit more lenient on this penalty for my late submission, or is my only option to face the music?
When is eFiling for provisional taxpayers to be done?
Posted 17 September 2012
Hi Tim,
Even with e-filing, do I still have to submit my provisional tax by 31 Aug. I thought it was 28 Nov for e-filing. Please advise. Many thanks
Is submitting a tax claim compulsory?
Posted 17 September 2012
Is there a penalty if i don't submit my IRP5 and medical tax certificate for my tax claim?
Passive income of spouses married in community of property?
Posted 17 September 2012
I understand that when one spouse recieves interest or dividends, that it is deemed to have acrrued equally between the spouses married in community of property. When completing the tax return and answering the questions that TaxTim asks you, do you fill in 50% of the interest or dividend that you earn as the other 50% will be taxed in the hands of the spouse, or do you fill in 100% of the interest or dividends?
Do additional taxes from late submission or under estimate get included in the irp6 form?
Posted 16 September 2012
In filling in the irp6 form for provisional tax must the additional taxes incurred from late submission or under estimate for the second provisional tax payment be included in the form and if so where? Or does SARS tell you the additional taxes incurred when they send you your assessment for the year?
Do I pay tax on my late wife's pension?
Posted 20 August 2012
I am currently receiving my late wife's pension monthly, but I am also employed. The SARS tax calculator now shows that I owe SARS around R7000. Please advise if this right?
Started freelancing, not paying provisional tax. Can TaxTim help?
Posted 20 August 2012
I have being earning some money on the side as a freelancer during this last tax year and I went fulltime freelancing in a personal capacity at the end of 2011.
Will TaxTim be able to guide me with the expenses I can claim as part of operating as a freelancer? SARS is very strict on when certain expenses can be claimed. They seem to only allow expenses when salary is earned on a commission basis.
Payment of tax liability by a taxpayer on retirement unemployed
Posted 6 August 2012
At the time I received my tax assessment from SARS for tax year 2011, I was on retirement and unemployed. I have now relocated from South Africa and I am burdened by the thought of my inability to pay the tax liability. Please advise me.
Why are there different levels of tax rebates?
Posted 30 July 2012
Why are there different levels of rebates, i.e, primary, secondary and tertiary, for natural persons? And what are the effects (on both individuals and companies) of the change from STC to dividends tax?
Do you think that the section 10(1)(i) interest exemption should be increased each year?
Posted 30 July 2012
Do you think that the section 10(1)(i) interest exemption should be increased each year? Why or why not?
What are the proposed changes to the tax treatement of retirement fund contributions?
Posted 30 July 2012
What are the proposed changes to the treatement of retirement fund contributions announced in the 2012 budget? The maximum deduction limit of R250 000 a year for taxpayers under 45 years may seem significant but is it beneficial to all taxpayers?
What do I do if my employer hasn't paid my employee's tax over to SARS?
Posted 26 July 2012
I was employed at a company from 2011/08/01 till 2012/02/01. The employer never paid my tax and did not give any salary advice slip. Can you give advice on how to handle the situation.
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