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Do I need to file old returns to obtain refund, even if I fell below the tax filing threshold?

Posted 17 February 2017 under Tax Questions

SARS want to me file all my previous tax returns in order to receive my refund for this year. In 2011 I tutored at a university and earned below the tax filing threshold and therefore did not file my tax return. How do I file my tax return now for 2012 or how do I show SARS that I didn't need to?

Can I apply for a tax clearance certificate?

Posted 17 February 2017 under Tax Questions

My ITR12 for 2016 is still outstanding as my bookkeeper is still compiling my invoices, can I still apply for a tax clearance certificate?

Who can claim additional medical tax credit for their children

Posted 17 February 2017 under Tax Questions

My husband pays the medical aid for himself and me his wife and 2 children and he claims the tax credit back for this. There is no point in him claiming additional medical tax credit for other medical out of pocket expenses as he earns too much to qualify for this. I however earn much less. Can I on my tax return claim additional medical tax credit for any medical out of pocket expenses for myself and my 2 children.

SARS correction still possible?

Posted 17 February 2017 under Tax Questions

I submitted an income tax return as farming sole prop for 2016. SARS requested supporting documentation and then I uploaded an income statement. I then received an Operations Audit letter from SARS asking to furnish them with the reason of farming income loss. The letter was emailed and does not appear on SARS eFiling. On SARS eFiling they sent a new letter the same as the old one requesting supporting documentation and the generic letter that says if you dont agree re-look at your tax return. I reviewed my income statement and also tax return and found that my formula posted to the incorrect line item and also found out that some expenses might be of a capital nature and it must be ring fenced. I need to do a correction on my tax return and when I clicked the correction button it does allow me to redo the tax return. Will SARS allow me to do this or what must I do? I dont want to get into trouble with SARS. The profits should be zero as there are a lot of expenses, but now I am scared and dont know if I should respond to the email.

File ITR14

Posted 16 February 2017 under Tax Questions

My company was registered in October 2016 and my financial year end is February, can you help me do my IRP6 and company tax return or should I wait as the company have not started trading?

IRP6 required

Posted 16 February 2017 under Tax Questions

SARS requested an IRP6 from me but I was not trading in that tax period, what should I do?

Tax on internship stipend

Posted 14 February 2017 under Tax Questions

As an intern is my employer allowed to deduct tax from my stipend?

IRP6 completion

Posted 14 February 2017 under Tax Questions

SARS says that my taxable income is an error, but I declared the income I earned for the year.They keep speaking about my previous year's income but I am no longer employed, how do I fix this?

Source code for renting out camera gear

Posted 14 February 2017 under Tax Questions

Looking for the source code for a sole proprietor renting out camera gear, I am trying to apply for turnover tax and the form I'm filling in is asking for a source code?

Old returns outstanding

Posted 13 February 2017 under Tax Questions

I have not submitted a tax return since 2007 as I was under the impression that someone else was doing it for me. How do I go about submitting tax returns from 2007 up to 2017 (10 or 11 years). Will you be able to do this for me?

When do I need to apply for a tax directive?

Posted 13 February 2017 under Tax Questions

When do you need to apply for a tax directive? I have just been appointed as an estate agent and to date I have yet to receive my first income commission amount. Is it possible for me the apply for a tax directive already?

Tax implications on selling my second property?

Posted 13 February 2017 under Tax Questions

What will my capital gains tax be if I received a payment of R680 000 upon selling my second property?

Rental income and fixed deposit

Posted 13 February 2017 under Tax Questions

I have some rental income that I would like to invest monthly in my fixed deposit. Do I pay tax on the rental income and the interest yearly? I am a provincial tax payer which means I have to predict my income?

Late return

Posted 12 February 2017 under Tax Questions

I misplaced my supporting documents for my 2016 tax return last year, I have since found it but I needed to know if I can still submit my tax form even now that it is late?

Refund or amount due to SARS

Posted 12 February 2017 under Tax Questions

I have minus signs in front of my refund amount on my transcripts what does this mean?

Why does Tax Tim not ask me about Assets and Liabilities?

Posted 10 February 2017 under Tax Questions

Why does Tax Tim not ask me about Assets and Liabilities if I am a sole trader?

Why did they double tax me?

Posted 10 February 2017 under Tax Questions

I received an increase of 50% on my salary in January, but the tax on my salary seems to have more than doubled, can you tell me why this is?

Tax on rental accommodation for staff

Posted 10 February 2017 under Tax Questions

If a farmer supplies residential accommodation to his workers and deduct from their wages an amount of compensation (rent) for the benefit, should he be taxed on the "rental income" he receives?

Can I submit a return?

Posted 10 February 2017 under Tax Questions

do i qualify for tax refund as a contract administrator?

Travel Claim not allowed by SARS

Posted 10 February 2017 under Tax Questions

Hi Tim, I received a travel allowance upfront however I do a lot of traveling between two offices and I claim back travel on a monthly basis capped at 1850kms though I travel in excess of 2000kms per month. I've filed my tax return showing both business travel and personal but now SARS says I owe them about R27000. How is that possible when I didn't claim for the excess travel I did, just the capped 1850km. I can follow through their calculation but do not understand why they didn't include business kilometers in their calculation.

Business Asset

Posted 10 February 2017 under Tax Questions

Can a business buy a car from a private person

When do the age related tax rebates kick in?

Posted 9 February 2017 under Tax Questions

I turn 65 in August 2017. Do I get the 65 year old tax rebate in the tax year ending Feb 2018 or only in the next tax year?

Tax on pension (lump sum) payout

Posted 9 February 2017 under Tax Questions

I want to resign from my current employer and need to know how much will I be taxed when I get my pension of R61000?

Tax on foreign inheritance.

Posted 9 February 2017 under Tax Questions

I am to receive foreign inheritance. How much can I bring in? What taxes are applicable? Do I have to furnish proof of where the money comes from?

Negative refund amount on transcripts

Posted 9 February 2017 under Tax Questions

My refund amount says negative 8602 what does this mean
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Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE