Latest Posts in TaxTim's Blog

What does a Completion Letter from SARS mean?



Completion Letter

You will receive a Completion Letter if all goes well and SARS is happy with your documents. This means that SARS is not adjusting your Original Assessment and if you have a refund due, it should be paid out in 7 working days (provided you have no tax debt due or outstanding tax returns from prior years). Similarly, if you owe tax to SARS per your Original Assessment, the amount you owe will remain unchanged.

An example of a...



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File with TaxTim and WIN R10,000!




Want to win R10,000 in cash just for filling your Individual (ITR12) tax return for the 2021 tax year?

How to enter:

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When Will SARS Pay My Tax Refund?



Hundreds of thousands of South Africans are filing their annual tax returns and everyday people ask us “when will I get my refund from SARS?”.

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Important Notice: You Will Face New Penalties if You Miss the November Tax Deadline



If you’re an individual non-provisional taxpayer, make sure you file your tax return before or on the deadline of 2 December 2021.

SARS is warning that those who fail to submit on time, will face penalties. Legislation has changed and you will have to pay penalties January 2022 if you have not submitted one or more of your returns. This means that if you file your 2021 return after the deadline, SARS will levy an admin penalty.

Before, you only paid penalties when two or...

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Latest SARS Scams, Phishing & Fake site alerts



As a taxpayer, it's crucial that you're aware of scams that aim to defraud taxpayers. The
festive season is almost here and every year, criminals use people’s financial desperation to
enrich themselves.

So-called ‘tax experts’ will contact you with promises of making your life easier by securing
a tax refund on your behalf. When you use their services, they pocket your money and
disappear, never responding to your messages and calls.

SARS has received a flood of calls from victims of this scam in the past and is warning...

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Technical Issues for Tax Season 2021



1. SARS eFiling connection issue

Problem description

When TaxTim tries to connect to individual taxpayers' profiles, eFiling is returning an 'unexpected system error'.  This is affecting all Tax Practitioners. 

How taxpayers are affected

TaxTim cannot connect to the taxpayer's eFiling prof...

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What is Identity Fraud?



Identity fraud happens when someone uses your personal information, such as your name and identity number, without your permission.

Criminals steal your identifying information from your home, car or wallet and even your rubbish bins and use your details to commit crime. Con artists can also get your personal and confidential information from the internet, social networking sites, emails, spoofed websites, Short Message Services (SMS) and unsolicited telephone calls.

It’...

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Crypto investors are on SARS’ hitlist



Earlier this year, SARS reached out to cryptocurrency platforms to access their lists of clients and information in its bid to clamp down on the wealthy.

Many South Africans have been misinformed and are under the impression that crypto-activity is under the radar. Some believe it is untraceable or that it only needs to be declared to SARS when it is traded. This is incorrect as all individuals who have bought and held crypto assets during the tax year must disclose these holdings to ...

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10 Tips to Pay Less Tax




These tips are part of TaxTim's personalised recommendation tool called the Tax Health Score. Once you file your tax return with TaxTim,

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I have received a Reduced Assessment from SARS



This is good news! A Reduced Assessment means you owe LESS tax. i.e SARS has assessed your taxable income to be a lower or reduced amount compared to their Original Assessment.

The Reduced Assessment can be confusing to taxpayers who think they need to pay the amount on it. However, it’s important to realise the amount on this assessment must not be viewed in isolation. It must be added to the Original Assessment and the OVERALL balance is the amount t...

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FAQ: Home Office Expenses




Flexible employment is becoming increasingly popular, many taxpayers spend some (or all) of their time working from home. If certain conditions are met, taxpayers are allowed to claim a portion of their office running costs as a tax deduction on their tax return. However, please note that SARS usually flags these returns for audit. If you do work from a home, take a read of our home office blog and also check out our handy decision tree to make 100% sure you are claiming this expense correctly.

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How Long do I have to wait for my tax refund?




Like in previous years, there have always been opening tax season niggles and 2021 has been no different. Patience is a virtue, so the adage goes.

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The Deduction of Home Office Expenditure




Nowadays, work culture has evolved massively. “Flexible employment” has become the new buzzword. This is especially relevant at the moment, where many employees are working from home due to the global Corona virus outbreak.

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Tax residency



South African expatriates who ignore their tax obligations will soon find themselves facing the wrath of the taxman in the upcoming tax season.

SARS has urged taxpayers including expats (South Africans residing outside the country) to urgently review their tax compliance status or stand the risk of facing major penalties or even jail time.

Originally, individuals where taxed according to a source-based tax system but from 1 March 2001 it has changed so that individuals will be...

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Retrenched? Here’s how you will be taxed



In 2020, about 2.2 million jobs were lost in South Africa and in 2021, that number is expected to double as a result of Covid-19. With that, we have found that there are many questions surrounding the subject of taxes and severance packages. Here’s everything you need to know.

The Basic Conditions of Employment Act states that your severance pay should include at least one week’s worth of remuneration for every full year of work. Your severance package may consist of your ...

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The Momentum HealthSaver and your tax return



The Momentum HealthSaver is a savings account which works with your medical aid and allows you to save for additional medical  costs which are not covered by your medical aid.

When it comes to filing your annual tax return, there seems to be some confusion around how your monthly  payments to the HealthSaver, as well as medical costs paid from the HealthSaver, are treated for tax purposes.

Momentum Tax Certificates

It is important to point ou...

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SARS can now fine you or take you to jail for these tax mistakes




In the past SARS needed to prove that a taxpayer had committed a tax crime “willfully and without just cause” but the legislation has just been changed. The court can now find you guilty of a tax crime even in cases of negligence or even in a case where the taxpayer may have made a mistake.

The amended law separates non-compliance into two groups: the first is where the taxpayer’s intention is not considered, and the other group is where the taxpayer’s intentio...

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5 Reasons you Still Need to File your Tax Return




SARS recently announced that if you earn less than R500 000 in a year, and fulfill a series of complicated criteria, you may not have to file a tax return in 2021. 


However, we advise you to take GREAT CARE here, and understand your duties properly, because if you don't, you may suffer for it later on.

Here are the top 5 reasons why you should not  skip filing your tax return this season:

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What you need to know about SARS auto-assessments




1. What is an auto-assessment?
This is an automatic assessment issued by SARS to certain taxpayers.

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How to reject the SARS Auto Assessment



If SARS have issued you an Auto Assessment, you will need to follow these steps to reject it so that we can help you to complete and submit your return to SARS.

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How to add your Company Tax Number to your eFiling profile



As part of SARS’ mission to simplify the eFiling system, the Tax Type Transfer process was updated in 2020 for all Tax products in a bid to offer users complete control of their eFiling profiles. 

What's new on eFiling?

 Overall, you can expect to see the following key changes introduced to eFiling from the end of April 2021: 

  • Changes to adding taxpayers to a profile (Organisations, Practitioners & ind...


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Where do I get my IT3b tax certificate from?




When we finally decide to complete our tax return, the last thing we want is a delay in finding that last piece of missing information. In case your bank or investment fund hasn't sent you your IT3b tax certificate by mail or email earlier in the year, here are the fastest ways to download your tax certificate online in record time.

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Renting out your home and the effect on capital gains tax




Our Helpdesk receives lots of questions from home sellers who rented out their primary residence for some of the

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The Less Common Tax Deductions




We’re aware that sometimes taxpayers may not understand all of the deductions which appear on the tax return. And because of this, expenses that could have been deducted get missed. To help make things easier for you, we’ve explained some of these less understood tax deductions which may be overlooked by taxpayers.  They all appear in the Other Deductions section of the ITR12.

The s11(nA) and s11(nB)
If an employee is in breach of an agreement with their employer, they may be asked to pay back a benefit they received from them e.g bonus, maternity leave benefit, bursary, sign on bonus etc. ...

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Frequently asked questions about tax & cryptocurrency



  1. Does SARS regard cryptocurrency as a real currency?

    At this time, cryptocurrency is not regarded as a legal currency and they operate independently from the central bank. As there are currently no laws or regulations governing the use of cryptocurrency in South Africa, crypto traders or users have limited legal protection according to the general common law. In other words, if you choose to use or trade cryptocurrency you do so at your own risk.

  2. How does SARS treat crypto?...


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