Written by Nicci
Updated 23 January 2025
Step 1:
Log into your SARS eFiling pofile.
Step 2:
Navigate to your Tax Return which was auto-assessed.
You can do this by clicking "Returns" (top menu), then "Returns History" (side menu), then "Personal Income Tax ITR12" , then select the the relevant ITR12.
You will see the
Written by Evan
Posted 14 January 2025
Written by Evan
Posted 14 January 2025
...
Written by Evan
Posted 14 January 2025
Written by Evan
Posted 14 January 2025
Written by Evan
Posted 14 January 2025
Use this tool to connect to your bank account, import your latest bank statements, then quickly and easily ...
Written by Evan
Posted 14 January 2025
Written by Evan
Posted 14 January 2025
Written by Alicia
Posted 18 December 2024
Many taxpayers find the process of filing a correction confusing. This often happens when they submit their tax return after the auto-assessment deadline or attempt to make corrections after SARS has already reviewed or audited their return. To make things clearer, we’ve compiled a list of common questions and answers to guide you through this challenge.
1. How long do I have to submit a correction?
Written by Nicci
Updated 12 December 2024
This week we received some questions from our users on retirement fund contributions and the laws that govern it. We hope that this helps you as you start gathering your documents for the new tax season.
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Written by Evan
Updated 11 December 2024
In order to use SARS eFiling, you will need your own tax reference number.
If you do not have one, please see how to get a South African tax number.
Please follow our step-by-step guide to obtain a tax reference number for yourself via SARS eFiling....
Written by Alicia
Updated 2 December 2024
Insolvency is a state of financial distress when a person or business is unable to pay their debts.
Sequestration is a legal process that is used to deal with your financial difficulties and manage your debts. It gives you legal relief from creditors, while the debt recovery efforts of the various companies you owe are put on hold.
Written by Elani
Posted 28 November 2024
The WRAV01 is the menu on the left hand side of the RAV01 form. It opens when you are ready to edit your data with SARS or add new details, or register a new tax reference number.
Menu items include:
Written by Elani
Posted 28 November 2024
The RAV01 is the form displaying all the data SARS has on file for you.
Written by Alicia
Posted 22 November 2024
SARS Timelines
SARS operates within specific timelines to comply with the rules outlined in the Tax Administration Act and the commitments detailed in their service charter.
However, these timelines are not easily accessible on the SARS website, leaving many of our users needing to contact the helpdesk for updates on their submissions.
To assist you, we’ve compiled a comprehensive list of these timelines:
Auto-Assessment<...
Written by Vee
Updated 21 November 2024
Getting a new business venture off the ground is an equally exciting and stressful time. You’re enthusiastic about getting your new product or service out into the market, but you face quite an administrative process to get it off the ground legally.
Read more →
Written by Nicci
Updated 20 November 2024
There are two ways to make a payment to SARS. What's good is, whatever method you prefer, you can choose the one that's best suited for you. Of the two payment methods, one is via EFT and the other via your eFiling profile. For the rest of this blog we will show you steps to follow when making payments the electronic way, via eFiling.
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Written by Evan
Updated 20 November 2024
If your ITA34 assessment indicates that you unfortunately have an outstanding payment to make to SARS, this step-by-step guide will help you navigate your way around the payment process.
Follow these quick steps to get the payment details required to make your payment to SARS by EFT:
Step 1: Login to your SARS eFiling account
Visit www.sarsefiling.co.za then login with your SARS username and password.
...
Written by Elani
Updated 15 November 2024
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 were taxed according to a source-based tax system but from 1 March 2001 it has changed so that individuals will be ...
Written by Nicci
Updated 11 November 2024
We often receive questions from taxpayers as to how to structure their salary most efficiently for tax purposes. Unfortunately, the reality is that the days of employees gaining a tax advantage If I earn business income as a sole proprietor for services delivered as an electronic engineer, do I need to declare all my personal assets (bank balance, investments, motor vehicle, etc.) on the Statement of Assets, or only the assets that I mainly use for business (i.e. laptop computer)? I do not have a separate business bank account. Do fixed bank deposits fall under "Financial instruments" or "Cash in Bank" or does it not really matter? For investments such as unit trusts, do I need to s... South Africa rolled out the Two-Pot Retirement System on 1 September, 2024. It applies to any South African who has a pension fund, provident fund or retirement annuity fund. The Two-Pot Retirement System allows you to access a limited portion of your retirement savings before retirement for emergencies, while the majority of your savings remains "preserved". This means the larger part of your savings must stay invested until you reach retirement. The goal of South Africa's ne... In these uncertain economic times, we all want to stretch our budgets a little further. With a few simple financial habits, anyone can save some extra cash each month. So, if you're ready to start saving but not sure where to begin, here are ten handy tips to get you started: Keep an eye on where your money goes, and you'll naturally start spending less. Keep a record of your daily expenses and distinguish between needs and wants. Need... Managing debt can be daunting, but it doesn't have to define or control your life. In South Africa, many individuals face the complex task of effectively handling their finances and debts. Keep reading, and we’ll equip you with practical strategies and valuable insights to take control of your debt and financial future. Let's delve into how you can regain control of your debt and finances and pave the way for a brighter future. Understanding Debt Manageme...
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What is included in Statement of Assets and Liabilities on ITR12?
Written by Marc
Updated 31 October 2024
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Two-Pot Retirement System and its Tax Effects
Written by Ursula
Posted 1 October 2024
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Travel deduction for an on older car
Written by Nicci
Posted 13 September 2024
I'm a commission earner and I can claim travel expenses. When I complete TaxTim 'Travel Deduction Optimiser' it will only let me choose the date of the purchase of my car from 2017 onwards. My car was purchased in 2007. Does this mean that I can't use the 'deemed cost' method and can only use the 'actual cost method' - or is there another way to enter the correct year of purchase as 2007?
How to start saving money
Written by Evan
Updated 11 September 2024
1) Track Your Spending
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Getting your debt under control
Written by Evan
Updated 11 September 2024
Read more →
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