How to obtain additional information regarding the the reassessment of your ITA34

  Written by Marc   Posted 2 November 2015

After I have submitted my tax return, I received a letter to submit all my documentation. I've done this and now have received a revised ITA34, where the Interest income is double than what I have received and recorded on my tax return. How do I contact SARS to provide me with further information regarding the assessment, and what steps do I take now if their assessment regarding interest income is incorrect?

Medical scheme contributions paid by my deceased husband's employer

  Written by Evan   Posted 1 November 2015

My deceased husband's employer still pays my full medical fund contribution. They do not issue an IRP5. My Medical Fund declares my contribution as R34460. My income (as pensioner from a different company) does not declare this medical contributions. How or where do I declare this contribution (income?) from my late husband's company?

Severance package directive request

  Written by Evan   Posted 1 November 2015

When apply for a directive for severance package do we need to submit it with the leave pay and bonus or do we only do the directive for the severance only?

Medical claim - proof of bills required?

  Written by Evan   Posted 1 November 2015

Do I have to send medical expense bills to SARS?

Medical aid - paid by employer and self

  Written by Evan   Posted 1 November 2015

My employer paid my medical aid until August 2014 and I paid thereafter. How do I declare this on my tax return?

Foreign shares tax liability

  Written by Evan   Posted 31 October 2015

I have shares in a foreign stock exchange. I've had the shares for more than 5 years. If I sell these shares what is my tax liability? The shares are worth R400000.

Gift from someone in the UK, do I declare?

  Written by Evan   Posted 31 October 2015

If I receive one hundred and twenty thousand as a gift from someone in the UK split up during the year do I need to declare this to SARS? I was only employed for two months during the financial year so would not have to submit a tax return?

Tax on Foreign income - away for 30 months?

  Written by Evan   Posted 31 October 2015

Im going to work in UAE, Abu Dhabi for 30 months. Do I need to pay tax on or even declare my foreign income with SARS?

Must wife's bank account interest be added to husband's interest?

  Written by Evan   Posted 31 October 2015

I am not employed. I have a savings account in which we save. Do we add the interest earned from this account to my husband's interest from his bank accounts? We are married in community of property.

Unfiled taxes

  Written by Marc   Posted 30 October 2015

I have not filed a tax return for three years even thou I have been employed and did previous tax returns however I do earn below the 350 000 threshold. What do I do to be compliant and what kind of penalties would I expect?

Is it possible to re-submit my 2013 tax return?

  Written by Marc   Posted 30 October 2015

Is it possible for me to re-submit my 2013 tax return cause I have been overcharged due to the following documents not submitted, medical certificate and retirement contribution certificate presently those documents are available.

Tax calculation on a lumpsum?

  Written by Marc   Posted 30 October 2015

GEPF LUMP SUM TAX ON R 2396808 52 YEARS Retire on 31/03/2016

How much should tax professionals charge individual taxpayers for filling and VDP services

  Written by Evan   Posted 30 October 2015

How much should a tax practitioner charge for an hour consultation?

I wish to do a Voluntary Disclosure Programme application for 4 preceeding tax years, and was charged R3000 for 2 hour review of my documents before even the process of VDP was initiated. It was called preliminary assessment by this service provider. I just want to know it this figure/fee is regulated and whether in your opinion is a fair and/or ethical charge.

I need help updating my proof of residence.

  Written by Marc   Posted 30 October 2015

I need help updating my proof of residence. I have been paying tax for two years but not been able to organise my tax returns. I need to discuss my options. I am also very busy and am finding it difficult to find time to go to SARS.

Tax on retirement lump sum withdrawal

  Written by Marc   Posted 30 October 2015

I received a retirement lump sum benefit (withdrawal) in 2015 tax year of R 630 000. I have been taxed R 193 902. 08 which I do not think is correct. Please can you advise what tax should be paid?

No access to forgot passwords

  Written by Evan   Posted 29 October 2015

I registered to TaxTim, but I am struggling to get logged in. I don't know what to do. Can you help me?

Who should submit additional medical expenses - main member or spouse?

  Written by Evan   Posted 29 October 2015

I am the main medical aid member (cover for myself and my spouse). We ran out of our MSA and we incurred some expenses that my spouse paid for herself.

My Question:

Who should submit additional medical expenses not paid for by our medical aid when doing our tax returns, myself or my spouse?

When must Capital Gains Tax be declared?

  Written by Marc   Posted 29 October 2015

If Capital Gain tax I have incurred is less than the R30,000 allowance, do I still have to declare it in my Tax tax return?

Not sure what a tax number begins with?

  Written by Marc   Posted 29 October 2015

How does a TaX number look like

Never worked but I want a tax number. Is it possible?

  Written by Marc   Posted 29 October 2015

Can I get a tax number if a havn't worked before??

Does a trust have to submit income tax returns when it is dormant?

  Written by Evan   Posted 29 October 2015

Does a trust have to submit income tax returns when it is dormant?

Is my pension taxed when transferring from one fund to another?

  Written by Evan   Posted 29 October 2015

I changed jobs and requested that my pension be transferred from the previous fund to the new fund. This was done, but the old fund was taxed. I did not withdraw any of the money, so I am inquiring if I should have been taxed or can SARS provide me with a refund?

When does a trust need to register for income tax?

  Written by Evan   Posted 29 October 2015

When does a trust need to register for income tax?

Do we pay tax on receiving half of your spouses pension? What is the percentage tax to be paid?

  Written by Evan   Posted 29 October 2015

I will be receiving half of my spouses pension fund after the divorce. I have read some of your answers from previous questions about the tax implications. You replied that it is not taxable but in a different question you answered that it is taxable. If so what is the percentage of tax to be paid? It is difficult to get the right answer on the web. Everyone has different opinions.

Spreadhseet for allowable deductions for letting

  Written by Evan   Posted 29 October 2015

Do you have a spreadsheet for private rental/subletting deductions?
Also have some fixed income. Been privately submitting to SARS for 10 years now.
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