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 not to skip filing your tax return this season:

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9 Steps to File an Objection to Your Tax Assessment

Posted 18 March 2020

You’ve been diligent with your tax obligations. You’ve paid your PAYE each month without fail. You’ve kept all the supporting documents for your deduction claims. You’ve carefully filled out your tax return, making sure you’ve put all the right amounts in all the right places, against all the right codes. (Pssst, if you used TaxTim to help you complete your tax return you wouldn’t have had to worry about all the right places and codes that’s all automated for you!) You file your tax return, somewhat impressed with yourself and, by your calculations, you can look forward to a reasonable tax refund amount. Then you get your assessment notification.

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How to Change/Verify Your Bank Details at SARS

Posted 15 March 2020

SARS has recently issued a new guide with regards to updating your banking details with them. This was done in order to reduce the risk of refunds being paid into the wrong accounts and also to streamline the process, which has tended to be an onerous one in the past.

Change of bank details can be done:

• in person at a SARS branch (SARS still prefers this way)
• via eFiling (Go to Maintain Taxpayer Registered Particulars Menu) Note, you will still need t...

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Why don't I get a tax deduction for Out of Pocket Medical Expenses?

Posted 29 February 2020

Tax season always throws up some interesting and confusing calculations, but for many, the most confusing of all is how medical aid contributions and Out of Pocket medical expenses are treated.

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I've never been audited before. Why now?

Posted 17 September 2019

This is a common area of concern for many taxpayers who don’t know why they are asked to submit documents to SARS after they file their tax return.

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When Will SARS Pay My Tax Refund?

Posted 16 September 2019

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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How to cruise through a travel audit efficiently

Posted 3 April 2019

Surely most of us love to travel, but traveling for business purposes is no fun when it comes to completing your tax return.

SARS has some rather onerous requirements, but as long as you know what you need, submitting your documents to SARS should be plain sailing.

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What does a Completion Letter from SARS mean?

Posted 27 November 2018

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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What to expect after submitting your tax return to SARS

Posted 23 June 2018

As soon as tax season opens in July, many taxpayers rush to submit their ITR12 tax returns as early as possible, eagerly hoping for a nice refund.

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Foreign Employment Exemption Letter

Posted 4 June 2018

COMPANY LETTERHEAD

Date
Employee's Full Name
Address

To Whom It May Concern,

Subject: Confirmation of foreign employment

This letter serves to confirm that____________________________(Name of employee) _______________________(ID number) is employed by __________________________(company name) in the capacity of__________________________(position).
He/she is contracted to work overseas in _______________ (country)  from ______________dd/mm/yy to ________________dd/mm/yy.  ...

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Home Office Letter

Posted 4 June 2018

COMPANY LETTERHEAD

Date
Employee's Full Name
Address

 

 To Whom It May Concern,

Subject: Permission to work from home

This letter serves to confirm that _______________________________ (Name of employee), _____________________ (ID number) who is employed by our firm ___________________ (Company name) in the capacity of __________________________ (Position) has permission to work from home in order to fulfil his/her duties to the company.  ...

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Letters you may need to provide to SARS

Posted 4 June 2018

After submission of your tax return, SARS may request certain documents from you.
These may include a letter if you claimed any of the following deductions:


- Home Office
- Wear and Tear on personal devices used for work e.g laptop or cellphone.
- Foreign Employment Income Exemption...

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The 3 R's: Returns, Rebates and Refunds Explained

Posted 20 March 2018

When it comes to tax jargon, most people prefer to bury their heads in the sand instead of trying to understand all the confusing terms that tax practitioners use. Taxpayers just want to do their tax quickly and easily, and if they’re due - receive some money back from SARS. A lot of confusion surrounds the process, but by understanding three simple terms you can make tax season a little bit easier.

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Audit FAQs

Posted 22 February 2017

What is the meaning of an audit? What is an audit from SARS? SARS audit What is a SARS audit?
Being audited just means that SARS could be doing a random selection and checking that all the information submitted is the same as they have.

How long does it take for SARS to pay me after an audit? OR Payment pending an audit, how long is that? OR Payment still pending due to audit.
It can take anywhere from 24 hours to a few months. You will receive a letter of completion once the audit has been verified indicating if any changes have been made. You just have to sit tight and be patient....

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