Tax Q&A
When can I expect my refund?
I have received a completion letter from SARS, saying that no amendment has been made. How long until I get my refund? It should take a couple of days for
Read moreCorrection not amended on eFiling
Hi Tim. I submitted my tax through SARS efiling. I am claiming for medical expenses not covered by Medical Aid. The amount to be paid out to me was R5 700. I
Read moreWhat percentage tax do pensioners pay?
If you earn a gross monthly pension of R40 000, how much tax do you pay? What age are you? There are additional tax rebates if you are 65 and over, as well
Read moreWhy is payment taking so long after uploading docs?
I have submitted my tax return for 2015 via SARS e filing but they keep asking me to upload supporting documents, which I do and then they tell me two weeks l
Read moreAmount not covered by medical scheme - do I owe SARS?
I got a letter from my medical aid saying "the amount not covered by scheme is R1092". Does this mean I owe SARS? No, it does not. You need to fill in this
Read moreAccount for Rental income and expenses together with my normal PAYE
I have a rental property which I have been receiving income for in the last tax year. This is the first year that I have owned and rented the property. I also
Read moreThe definition of cost in Assets and Liabilities section of the ITR12?
In the completion of the ITR12 assets and liabilities section, SARS are asking for the assets at cost. This is the first time I am submitting assets and liabi
Read moreOn a a salary of R9000 what would PAYE deduction be?
On a salary if R9000 what would my PAYE and UIF be? Please make use of our SARS income tax calculator to work out how much the PAYE and UIF will be.
Read moreCorrect tax on retrenchment?
I got retrenched in Jan 2015 and received R 850 000 and was duly taxed. What is the correct tax I should have paid knowing that the the first R 500 000 is ta
Read moreCan someone invoice me, even though I'm not a company?
Can my wife invoice me for services rendered? Even though I am not a company. What work is she performing for you? She is building the website and I'm
Read moreBeeing assessed after filing correction
Hi. Submit my tax return via SARS eFiling on the 1st of July. I work for saps. Submitted my tax return but then realized that I have made a mistake at the med
Read moreDelayed refund from SARS?
Hi there,I submitted my tax rerun for this year and SARS have requested returns for 2011 and 2012. Since they didn't ask for these last year, am I correct
Read moreWhat is an IT3c and where do I put the information on my tax return?
I have received a IT3(c) from old mutual there is a code 4250 on the form. Were do I find the section to complete this on SARS eFiling You would need to se
Read moreImpact of MA contributions less than allowed credit
I am over 65, my medical contributions are less than 3 times the tax credit. Does this negative value get carried forward and offset against any allowed medic
Read moreAudit from SARS?
Why with SARS audit me if I did not submit anything except my IRP5? They would do an audit where the IRP5 you submitted is different to the one your employ
Read moreNot sure to use financed value or retail value for car expenses?
Good day,The cost of my car shows retail value of R370 000 but shows after extras minus deposit financed at R311 00Which value do I use in my tax return? Y
Read moreSubmitting old returns?
Hi there, my wife is due a refund, after following up with SARS they said she needs to submit a return for 2009. The problem as you advised in your article (h
Read moreEarly Pension Withdrawal payout time period?
Hi! I would like to resign and will be withdrawing my pension as a lump sum. My contribution plus the companies plus interest, currently stands at around R190
Read moreRefund and Audit What Now
I submitted my tax return for 2015, I then went back and removed the actual values for repairs and maintenance for my vehicle as I do not have proof of all th
Read moreCapital gain tax
I need to sell shares owned by myself. The 149 shares were bought at R1000. They are now worth R3000 each. What is the tax implication for an individual at Fe
Read moreQuery about SARS audits?
I have submitted all my relevent requirements my tax on an audit how long does this take. It is on busy status at the moment. SARS have 21 working days to
Read moreDo I owe money to SARS?
I submitted my tax return today. The "Net amount refundable" is a negative balance. Does that mean I have to make a payment? No, that means that SARS owes
Read moreHow long can it take to be paid back your tax refund?
How long does it take to be paid back your tax refund after handing in relevant documents? SARS have 21 working days to finalise the audit and then they wi
Read moreCannot login to my e-filing account to submit my returns
I have filed an IRP5 before and was successful in doing so. I have unfortunately lost/do not know my eFiling login details as they were saved on my old laptop
Read moreStatement of accounts meaning after submission of documents
I have filed my returns and I was selected for an audit and of which sars asked that I submit supporting document which I submited and I got an email saying I
Read morePage 125 of 317
Showing 3101–3125 of 7902 articles