ITA34 - Where's my 'Letter containing further instructions'?

  Written by Nicci   Posted 8 February 2016

After submitting my ITR12, I received an ITA34 in which 'a letter containing further instructions' is mentioned. "Please note, however, that the information provided by you in your income tax return does not match the information in the possession of SARS or your tax return has been selected for verification. Attached you will find a letter containing further instructions for you to resolve this. Please note that any refund which may be due will be withheld pending finalisation of this matter. According to the information you declared in your income tax return, you were liable to pay provisional tax for this year of assessment...

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Will I be taxed if I loan my brother money interest free?

  Written by Marc   Posted 8 February 2016

Will I be taxed if I loan my brother money interest free. I am a South African resident but he lives in the UK.

1. penalty - delayed return. 2. submit returns for previous years 3. community of property/customery

  Written by Marc   Posted 8 February 2016

1. What is the penalty for delayed tax return submission?
2. Can you still submit tax returns for previous tax years which were never submitted?
3. What effect does married in community of property or customary law

Monthly provisional tax payment and foreign exempt income

  Written by Marc   Posted 7 February 2016

Context: I am paid by a foreign employer in USD and will be processing tax payments in my own capacity. I understand from previous questions that I should register as a Provisional Tax Payer. I have two questions:
1) Is it possible to make monthly payments to SARS instead of at the 2 periods in time? If yes, how?
2) I will likely have to work outside the country for period of 183 days/ 61 days continuously - how do I go about getting the refund/ processing my tax given this?

UK property income disclosure

  Written by Marc   Posted 5 February 2016

I am due to become a SA tax resident in the next tax year if I stay (not my intention to stay, but may become a SA tax resident due to physical presence test). I have income from Uk properties which is declared on my uk tax return and uk tax is paid. I still have some net income. Questions:

1. How is this noted on my SA tax return. Ie after uk tax is paid? Or before with a credit for tax paid? But will be paying tax twice?

2. Where is this to be put on the tax return?
...

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Compulsary registration

  Written by Marc   Posted 5 February 2016

When did everyone have to register for tax, regardless of their income?

PAYE for employee with 2 employers

  Written by Marc   Posted 5 February 2016

I am sharing a secretary between me and a colleague. We are working in the same office. We pay her a total of R8000 p. M (R4000 each). Obviously PAYE should be deducted based on her total yearly income (R96000) and paid to SARS before the 7th of each month. Is it fine for me and my colleague to split the PAYE and UIF contributions and pay those separately to SARS, and issue her one payslip between us? If so, does she need two IRP5s issued?

UIF deduction from Salary

  Written by Marc   Posted 5 February 2016

On what amount do you calculate UIF deduction? On the gross salary amount? And would this calculation include overtime compensation or is the UIF deduction strictly on the base salary?

R366 364.00 per annum TTC and my pension will be at 10 percent, what will my net be

  Written by Marc   Posted 5 February 2016

If a company offers me R366 364. 00 per annum TTC and my pension will be at 10 percent, what will my net salary be? No medical aid deductions applicable

Individual or provisional tax?

  Written by Marc   Posted 4 February 2016

I'm working as a financial adviser,I earn on commission,which form should I fill in
Individual or Provisional tax?

Query re first time tax for new small unregistered business

  Written by Marc   Posted 4 February 2016

I left a permanent job and started a freelance design business in July 2015. My Personal income tax for last year is up to date. I need to start paying tax on my business but have no idea how this works. I am using my personal bank account to receive payments from clients for design services. I am not yet breaking even and can barely pay my bills. I am not making a profit yet. I have no idea how tax works. I need help and wondered if signing up to TaxTim would be the way to go? I would need to b...

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Audit income statement

  Written by Marc   Posted 4 February 2016

The SARS auditor is asking for an income statement to explain why I have a lose of R16 000. This I assume was from my car travel expenses. Why are they asking me for this?

Do I need to register as a provisional taxpayer?

  Written by Marc   Posted 4 February 2016

I am permanently employed but have recently started a different business on the side as a sole proprietor ( but the "Company" has its own bank account). Please advise whether I need to register as a provisional taxpayer for this business, and if so, do I need an accountant to do the process and claim back any deductions?

All pay user have a tax number

  Written by Marc   Posted 3 February 2016

Can all pay people have a taxnumber

How do I register tax for a sole trader business as well as a salary?

  Written by Marc   Posted 3 February 2016

I earn a salary of R10 000. 00, My employer submits the paye. I have started a business sole trader in August 2015. Can I register for the business on my current tax number and what do I need to fill in.

What tax is payable a lump sum withdrawl on pesreve policy

  Written by Marc   Posted 2 February 2016

I have two preserve policies with liberty which have matured. I want to take the total out as a lump sum. What tax will I pay the values are R 452027 650610 ===R 1 102637

Clarity around donation tax on the side of the donee not donor.

  Written by Marc   Posted 2 February 2016

I registered and wanted to buy one of your packages in order to ask more questions but not sure what to buy. Don't need you to do anything yet because I have a tax practitioner but have certain concerns about how our tax is done. I need to decide what to do. My husband and I are in Christian ministry and mostly receive donations from people who are friends that have nothing to do with our ministry and do not receive ministry from us that could be seen as service rendered. They can and some have also stopped supporting at any time without notice...

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Does receiving a car allowance when l have a car bought cash have impacts on my tax?

  Written by Evan   Posted 2 February 2016

I bought a car cash before getting my current job. I receive a car allowance at my current job and am not willing to change my car anytime soon. Is that an issue with SARS? Is that going to affect my tax, if so how?

Tax on Life Insurance savings benefit pay out

  Written by Marc   Posted 2 February 2016

I have a life insurance policy which I need to cancel. The policy includes a savings benefit which will be paid out to me upon cancellation. Will I pay tax on this amount and if so at what rate?

So I can find my existing tax number via contact?

  Written by Marc   Posted 2 February 2016

So I can find My existing tax number via contact?

Where do I find the SARS registration form?

  Written by Marc   Posted 2 February 2016

I registered for SARS SARS eFiling and they sent me an email saying
"Please fax the SARS eFiling Registration form, together with a copy of your ID"
Which registration form is this? I can't seem to find anything on their site

Any help would be greatly appreciated

Does SARS tax international lotteries prize money?

  Written by Marc   Posted 2 February 2016

Does SARS tax international lottery prize winning money when it comes to South Africa?if yes what is the percentage that SARS tax and what category is this tax?

I started freelancing 3 motnhs ago, do I need to do my taxes this month?

  Written by Marc   Posted 1 February 2016

I started freelancing 01 November 2015
I was still working until 31 October at a company that was paying my tax for me. Do I need to do my provisional taxes this month (February) or should I wait until August?

Fringe benefit tax on fuel card

  Written by Nicci   Posted 1 February 2016

We receive a fuel benefit which is indicated as an income ( this in my mind will put me into the next bracket ). I am taxed on the higher income, then the very same amount that has been used for fuel is shown as a deduction. I don't understand this can you please explain. I don't see the benefit of a fuel card.

PAYE registration for an employee

  Written by Marc   Posted 1 February 2016

I own a micro business (a company) that's registered for turnover tax. Up until this point I have had no employees so I didn't register for PAYE, UIF, SDL, ETI, etc. Recently I hired my first employee. This employee earns R3500 p. M. So she won't be paying any income tax. Do I need to register her for PAYE, UIF, SDL and ETI even if she falls below the tax threshold? She is 21 years old and meets the requirements for ETI. If I need to register her, how do I do it? Can I benefit from the ETI?
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