Tax Q&A

answers

Is there any refund that I will get this year?

Good day Mr Tax Tim is there any refund for me? You would need to complete and file a tax return with SARS in order to check, else make use of our Tax ref

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How many days before you get your money?

I have submitted my tax return on the 15 July and got the email with my statement but I haven't received money yet 5 days later... There are a few scenario

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Does medical aid reduce your tax refund?

Since medical aid now reduces the monthly taxable amount on your salary, does this mean it will not increase your refund amount when you submit tax returns?

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I need my deceased fathers tax number

How do I go about finding out what my father's tax number is? He is deceased and the executor is my grandfather and he is too old to travel as he lives in ano

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I owe SARS but can only afford to pay R200 a month. Will they accept it?

Good day Tim Tax. I went to SARS with my IRP5. After they checked it and calculated it they say I must pay in R1955.22, but I can only afford R200 a month. Wi

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Should I do a revised assessment if data was omitted in my final assessment to SARS?

I have omitted an earning on an investment in my original assessment. Should I do a revised assessment or just send all documents to SARS for review? If SA

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Do I still need to submit tax returns if I am no longer working?

I stopped working and no longer have an income. I am registered as a provisional taxpayer. Do I still need to submit tax returns or can I de-register? You

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How many days does it take SARS to payout?

I want to find out how many days does it take SARS to payout? Because last year it took only two days. I have been waiting since the 8th of July... Please

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Whats taking sars so long to pay me cos the ITA34 shows they owe me?

I submitted my tax return through SARS e filing on the 1st July 2015; got results on 07/08/15. On the 08/07 I got correspondence that I didn't file/submit tax

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We have a cc which has run at a loss - how do I complete the ITR12?

My husband and I have a cc registered in our names. When completing our tax returns it then brings up the statement of assets and liabilities - how do I compl

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Must I submit the log book when submiting on SARS efiling?

Morning,I need to do SARS e-filing. What I would like to ask is does the travel log book have to be attached or only on request by SARS? The log book has been

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Studies and Tithes Tax

Is private studies to become a Pastor, whilst being in full time employ of an engineering firm, tax deductible? Is the tithes paid to my local church monthly,

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How long do refunds take

Hi Tim, I just wanted to find out, I filled in my tax return and according the IT34, SARS owes me a refund. How long do the refunds normally take because the

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Quarterly R5000 bonus, would like to know if I get taxed tremedously?

I get a R5000 bonus every three months.. It started recently and is performance based.. Would I get taxed a ridiculous amount on this? They pay it with my sa

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After getting the completion from SARS how long does it take to be paid out?

I would like just to find out I received a letter of completion from SARS so does that mean I will get paid or what? You should receive your refund in the

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Does UIF qualify as income protection insurance?

Does UIF qualify as income protection insurance? If not, then what typically does qualify as income protection insurance? No, it does not. An income protec

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Are levies on a rental property tax deductible?

Do the Levies on a rental property count as an expense towards the "business" and if so, what category should that fall under eg: Administration fees? Yes

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Tax on R1,132,179.00 lump sum

I am going on early retirement. I am 63 yrs old. My lumpsum is R1,132,179.00 How much tax will I pay? Please make us of our Lump Sum Calculator to work ou

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Outstanding tax return is holding up my refund, I cannot get the IRP5 as employer is deceased.

Hey Taxtim. I submitted my tax returns on the 10th of July this year. SARS informed me that I would get a refund of about R17000, which I desperately need. Aft

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Out-of-pocket dependent medical payments

If I am a dependant on my husbands medical aid, but pay my own out-of-pocket (not covered by medical aid) expenses, can I claim this on my tax and where do I

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Rental Income Tax

Hello. I would like to know how to calculate my tax if renting out a property I own? Would this be added as a lump sum at the end of the tax year or would thi

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When will rebate money show on my statement?

I receieved my ITA34 notice on the 10/07/2015 and a statement from SARS on 16/07/2015. How long does it normally take to refund money showed to me on the stat

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Benefits for tax directive

I am a commissioner earner and received a tax directive for 18% from SARS for the 2015 tax year. What benefits are there to having a tax directive? Will I ha

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Will I get my refund soon?

I send my tax consultant my documents for review which he has submitted. After a week or so I see there is an ITSA Statement of account. Does this mean that t

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Want to know if I can claim my late father's tax return (PAYE)

My question is I see on my late Dad's payslip he has been paying PAYE of R52.31 a week. So I wanted to know if the tax PAYE can be claimed? Whomever is the

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