SARS & eFiling: 10 most popular posts
Changing banking details
Posted 11 February 2021
I would like to find out the following information regarding my banking details. I have recently changed my banking details from Capitec bank to Nedbank. My salary is paid into my Nedbank and debit orders are also connected to this bank. I still use my Capitec bank account and intend to keep it active. I would like to enquire if I need to notify SARS of the change in banking detail and would I also need to go into the SARS branch to make this happen?
Freezing emigrants Retirement Annuities, how do I declare non-tax resident status?
Posted 10 February 2021
Hi TaxTim, please can I ask about emigration and Retirement Annuities (RA)?
The new South African tax regulation, effective March 1, regarding emigrants' RAs being frozen for 3 years after financially emigrating:
1. I was told the start of the 3 years is not from date of financially emigrating, but rather the declaration date of non-tax resident status, is this correct?
2. If so, how does one declare oneself a non-tax resident?
3. I may have already declared mysel...Read more →
Accepted auto assess forgot my travel logbook
Posted 18 August 2020
What will happen if I already accepted my auto assessment, but I have done so without submitting my travel log book, am I able to fix this myself, what should I do? Am I correct in saying that I would need to request some sort of correction on eFiling and how would I go about doing this? How and where on the eFiling system should I go to get the request for correction?
Auto Assess and Travel expenses
Posted 12 August 2020
I have received a sms, stating that my tax has been assessed automatically, and that a refund is due of R7000,00 however I do not know if my travelling has been taken into account as I have not sent anything yet. Could you help me in clarifying this matter. Should I accept it as it is, would this not have an impact on my tax return to SARS when I do finally submit it?
SARS discrepancy sms
Posted 5 August 2020
I got a sms from SARS reviewing discrepancies identified between 3rd party (TaxTim) and my last Income Tax tax return. Also they are advising me that I should ensure that the information is captured correctly. My information is captured by Sanlam and assume it is correct. Please advise what the discrepancy could be? And why do they mention the word "discrepancy"?
I received an auto assessment sms from SARS
Posted 5 August 2020
SARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not sure what to do now as I cannot submit that tax return until 1 September.
What must I do with the auto-assessment from SARS?
Posted 24 July 2020
I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any risks involved with accepting it? What should I look out for? Please help, I know nothing about this new SARS process.
Will I get a tax refund if I accept the SARS auto-assessment?
Posted 22 July 2020
My auto-assessment shows that I am due a tax refund. Can this be correct? Do you think I will receive the refund if I accept it, or should I rather reject it and file a tax return?
Why am I being auto-assessed on SARS eFiling?
Posted 22 July 2020
I received an auto-assessment from SARS. My husband did not receive the SMS but my friend also received an SMS saying she has been auto-assessed. Why have SARS introduced this new process? Why are there some being auto-assessed and not others?
What happens to previous late/incomplete tax returns after a penalty has been paid in full?
Posted 21 July 2020
I have been working abroad permanently for more than three years and I reside outside of South Africa. I have never fully understood the tax rules and see that I have some penalties (fines) for late/incomplete submissions. I do not have any way of receiving all information needed to submit old tax returns, so I want to know what will happen when I pay the penalties? Will it just start racking up again for the same infringements or will I have a clean slate to do things the right way going forwar...Read more →
Difference between Vat and Tax numbers
Posted 20 July 2020
What is the difference between a VAT registration number and a tax reference number. When do I use which one? Are they not the same thing?
Individual Tax Consultation
Posted 18 June 2020
In January 2018 I stopped working as a full time employee and for the 2018/2019 tax year I did various things (including foreign travel and work) and earned different kinds of incomes. I did not register as a provisional taxpayer as at that stage I really did not know how the year was going to pan out and if I was going back into full time employment again. I would like to settle any tax I may owe for the 2018/2019 year, however with my different incomes, working out the country for more than 18...Read more →
Tax Certificate Needed
Posted 18 June 2020
I am newly registered business owner and I registered just before the lockdown took place and I did not receive my tax certificate. I do have my registration number. Please advise on what I should in order to get my tax certificate. This is new to me and I am confused.
What is a tax residence?
Posted 18 June 2020
What is a residence tax number for South African citizen? I would like to get some more clarification on this because I am not certain whether I am a tax resident in South Africa or whether I am not such.
When can I submit my tax return?
Posted 31 May 2020
When can I submit my tax return for the 2020 tax season? Are the filing dates still the same as those of the previous year?
How to check available funds at SARS
Posted 28 May 2020
If you have never filed for a tax return before, how do you go about checking if there are funds owed to you at SARS? I would like to start filing my tax return for this year as I have been unemployed for a long period, but now I am back in the workforce.
Voluntary sequestration and eFiling profile
Posted 22 May 2020
I just had my voluntary sequestration of estate approved by the high court on the 24th of March 2020 and I now need a new tax number. SARS say I can do that through SARS eFiling and I would like to know how I can do this? The problem I have experienced with trying to register a new SARS eFiling profile is that after I input my name and ID number the system tells me to login with my existing profile number.
New company and tax forms
Posted 27 March 2020
I have a new consulting firm and I completed an IRP6 twice, for the two SARS documents, as provisional tax. Note that on the said form there is no provision for any deductions of expenses to set-up my company.
I am not sure what to do next.
Do I need to complete a ITR12 form?. If so, where can I get this form? Currently, it does not show on my SARS e-filing, only the two completed IRP6 form are indicated.
Foreign income with online forex trading
Posted 24 October 2019
How one would declare Income/Loss that is derived from online forex trading. The trading account is in USD so I assume foreign income.
1. Where would one declare this income/loss with TaxTim/eFiling tax return under foreign income?
2. Is it necessary to declare if only a loss was made?
3. Can withdrawal fees/currency exchange and bank fees be deducted from overall profit.
4. What documentation would SARS require? The only documentation that can be acquired from the trading platform is trading history showing profit/loss but no tax certificates. ...Read more →
Old Tax Returns
Posted 13 September 2019
SARS owes me money from a tax return which I recently submitted with the help of TaxTim. They have come back to say that I need to file my old tax returns from the year 2016 and 2017, but I was not working during those two years and I also never filed any tax returns during those two years. I am not so sure about what should I do now regarding this matter?
I still have source code 3697 and 3698 on my IRP5 for 2018
Posted 23 October 2018
Question: Where can I input source code 3697 or 3698 from my IRP5? I do not see a place for this anywhere?
Answer: Those codes are no longer applicable for 2018 IRP5s, if you have 3697 and 3698, add them together and include that total amount for source code 3699.
Everything you need to know about Pay Periods on your IRP5
Posted 12 October 2018
What are Pay Periods?
Your IRP5 has two fields on it that relate to Pay Periods:
- Periods in year of assessment
- No. of periods worked
- Period employed from
- Period employed to
A Pay Period describes an amount of time within a year that you were employed by your employer.
This can be an amount in:
Read more →
- DAYS - maximum 365, or 365.0000
- WEEKS - maximum 52, or 52.000 (can show a partial number, e.g...
No time to go to SARS
Posted 20 July 2017
I cannot get the time to go to SARS, is there a service that you
offer to get my SARS eFilling account active and then also submitting my IRP5s?
E-filing query and TaxTim
Posted 18 July 2017
I am a provisional taxpayer and would like to make use of TaxTim. However I
am not registered with E-filing. Therefore, must I be registered with SARS
E-filing in order to be able to make use of TaxTim's services? Or can
TaxTim submit tax returns directly on my behalf (note I will pay any added
costs if necessary) to SARS?
Old 2009/2010 efiling returns
Posted 17 July 2017
SARS say they upgraded their system and have now seen i did not file a tax return in 2009,2010 and have fined me for each year. Both years i was under the threshold but they are insisting i file these returns. I do not have the IRP5 anymore and the company no longer exists. They advised that I open the return on efiling and can then submit as it should have all the info, I have done this but there is no earning/medical aid information etc.
How do i resolve this now as both returns are now sitting open on efiling and i am getting fined R250 per month now that i do not resubmit....Read more →
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