Written by Marc
Posted 15 September 2015
Written by Marc
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...
Written by Marc
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...
Written by Marc
Posted 14 September 2015
Written by Marc
Posted 14 September 2015
Written by Evan
Posted 14 September 2015
Written by Evan
Posted 14 September 2015
Written by Evan
Posted 14 September 2015
Written by Evan
Posted 14 September 2015
Written by Marc
Posted 10 September 2015
Written by Marc
Posted 10 September 2015
Written by Marc
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?...
Written by Marc
Posted 9 September 2015
Written by Marc
Posted 9 September 2015
Written by Evan
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. "...
Written by Evan
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...
Written by Marc
Posted 8 September 2015
Written by Marc
Posted 7 September 2015
Written by Marc
Posted 4 September 2015
Written by Marc
Posted 4 September 2015
Written by Marc
Posted 4 September 2015
Written by Marc
Posted 4 September 2015
Written by Marc
Posted 4 September 2015
Written by Marc
Posted 3 September 2015
Just received the below from SARS. Does this mean everything is complete now?
Original letter that I received requested I send supporting documentation - which I did. After which, I got the below letter -
Does this mean, no further action is required and that I will get my refund soon? Thanks!
Dear Taxpayer
VERIFICATION OF ASSESSMENT
We refer to the verification of your assessment for the 2015 tax period. Please note that no adjustment has been made to this assessment...
Written by Marc
Posted 3 September 2015