Balance on assessed amount from SARS, what does it mean?
Posted 15 September 2015
What does in mean balance on your assessed amount is R224. 567. 90?
What exchange rate to use on foreign dividend inclusion
Posted 15 September 2015
When calculating the Rand value of foreign dividends to be included into taxable income under s1, what exchange rate must be used if the dividends accrued over a period of a year? If I received 83.69 pounds over the year of assessment, is the amount converted to Rands at the average exchange rate over the year or at the exchange rate present on the 28th of February? The Act doesn't provide any clarity on this.
Only worked two months of the tax year.
Posted 15 September 2015
I started work in January 2015 and my tax was based on an annual salary however as of February 2015 technically I had only earned 2 months salary and not the full years salary. Would I be correct in saying that I should be refunded the tax I paid in January and February?
Audit/Verification duration
Posted 15 September 2015
Hi, I submitted my 2015 tax return and was selected for audit/verification. The supporting documents were uploaded on the same day (15/08/2015) I am not due for a refund, in fact I had to pay in a small amount, also paid on 15/08/2015. I have not heard anything back from SARS. How long does this normally take?
My account disappears and I can't log into my profile
Posted 14 September 2015
I have registered for SARS eFiling about 8 times now. They asked for supporting docs as my bank details changed. I have submitted these every single time. And I have faxed my registration form and ID to the number they sent me. But then when I want to log into my profile it keeps saying I have the wrong password. I dont. I have written everything down, after the 3rd attempt of registering I am making sure the info is correct. I get to the point where I supply them with the requested docs and the...
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What must I do when they require me to file last years tax return? This year was my first filing
Posted 14 September 2015
This was the first year I've filed a tax return. But I have paying tax via my salary for 4 years. Main reason I haven't filed in the past was because I was told on my salary amount, it was not required. After filing this year I was awarded a refund of R2300 odd. Having been waiting a while for them to pay the money to my accounts. I decided to give them a call and ask what the hold up was. They say they require me to file my tax return for the previous year for them to proceed?
What d...
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If my parents medical aid is paid from my bank account how can I include them in my return.
Posted 14 September 2015
If my parents medical aid is paid from my bank account how can I include them in my tax return?
What happens after receiving your ITSA?
Posted 14 September 2015
I received my Statement of Account/ITSA 5 days ago, and it's a negative amount. I presume that means I am due for a refund. What's the process after that? Do I wait to receive something else or the refund will be paid?
My efiling profile keep on being deleted?
Posted 14 September 2015
I keep on registering for SARS eFiling and then they request documentation to verify my registration once I have submitted my docs,the next day when I want to see if they are done my profile is gone, and my login details does not work. I then register again but the same happens again...
They said amount to you is R0.00. What is the 1st payment and 2nd payment for?
Posted 14 September 2015
I have submitted my IRP5 in my tax return to SARS. I received this message:
Amount R0. 00 due to you. Date of payment: 1st date 2015-10-01 and 2nd 2015-10-31.
What does it mean?
Should I spend time/energy requesting IRP5s every year?
Posted 14 September 2015
Is it worth asking for copies of the IRP5's if they were provided to SARS by the employers/investment houses already?
Since all three were provided directly to SARS and have pre-populated the e-filing, I did not receive my own copies. If SARS decides to audit my tax return would I need to request them or would SARS be satisfied that they actually already have these?
Why is there no section for salaries and bonuses?
Posted 14 September 2015
Why is there no section for salaries and bonuses on my tax return from SARS?
REIT dividends tax paid
Posted 10 September 2015
Regarding the REIT taxable dividends for individuals, where do you reflect the tax paid on the REIT income. If the whole amount is taxable then wont it then have been taxed twice, when the dividends was paid to you and when you declare it on your income tax?
Hope this makes sense. Please advise
What is member's share of claims paid/
Posted 10 September 2015
On the medical Aid Certificate, what is member's share of claims paid?
CPT payment on money held for 3rd party.
Posted 9 September 2015
I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:
1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...
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Is it possible to have a negative amount for my 1st provisional tax payment?
Posted 9 September 2015
Is it possible to have a negative amount for my 1st provisional tax payment?
How long after it34 will I receive letter of comoletion
Posted 9 September 2015
Hi, I did my husbands tax return via SARS eFiling. SARS asked for supporting documents and i've sent it. On Monday 7th Sept i've received an additional ITA34 on SARS eFiling but not yet the completion letter. How long will this take?
How does "Interest on underpayment of prov tax" work?
Posted 8 September 2015
I've done my 2012 tax return only now and I see the original assessment is R14,693.15. Now another item that is listed is:
Interest on underpayment of prov tax. Section 89quat(2) 2012 to the amount of R3,884.46.
I just want to know is that value correct, and how is that calculated. I guess it is that "high" because of this part in that section?:
"... Such interest being calculated from the effective date in relation to the said year until the date of assessment of such normal tax. "...
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Help! SARS has just informed that I need to submit a 2008 Tax Return
Posted 8 September 2015
Good day,
Over the past three weeks, I have been in contact with SARS telephonically regarding a refund due to me for the 2015 Tax Year. I have just been informed that SARS has upgraded their system and I now need to submit a Tax Return for 2008 before they will pay the refund. In 2007, I was employed on a part time basis as a tutor whilst I was in my final year of study at University. After graduating in 2007, I started to work on a full time basis at a company from 1 January 2008. I...
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How can I go back to changing my answer for capital gains if I don't have the option?
Posted 8 September 2015
I need to change my answer to capital gains that I gave, but the problem is I can't go back to the capital gains sections. How do I go back to it?
How many days after filing
Posted 7 September 2015
How quick does it take for money to b in your account
Non payment of my tax by the employer
Posted 4 September 2015
What must I do when I discovered that my ex-employer has not paid my tax but he was deducting that money
How do I use my discount voucher?
Posted 4 September 2015
I have a discount from Interface financial services that I would like to use. Please, let me know where I enter this code to qualify for the discount. Regards,
How else can I get to the bottom of why my refund hasnt been paid to me
Posted 4 September 2015
What else can I do about my refund that has not been paid to me even after an escalation has been done? I was on audit as usual but summited everything as normal. I recieved no feed back as I let SARS have their 21 days which then turnes out to be 30 days waitn. I have now escalated it but still no info with regards to my refund been held back.
How long does SARS take to refund you if their auditing you ?
Posted 4 September 2015
How long does SARS take to pay your money if their auditing you? And do SARS need to pay you interest if their auditing you?
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