Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

TaxTim's Blog

Completion letter - what is that?

  Written by Evan  

I just receive an SMS from SARS which says a completion letter has been issued, what is that?

What must I do to get the IRP5 from them?

  Written by Evan  

I can't get an IRP5 from my previous employers in 2012 where I was hired by a outsourcing agency to work for another company they had a contract with, they are giving me the run around as to go to the outsourcing agent or to the company I worked for, no one seems to have my IRP5.

But if I was able to file last year and get my tax returns without SARS requesting this information why do they want it now when they have to give me my tax returns for this year and what must I do to g...



Read more →

May I deduct for depreciation on photographic equipment bought in 2010 now being used for work?

  Written by Evan  

I bought photographic equipment over a period since 2010, the last in February 2015. My previous employer supplied me with equipment to do my job, with the result that I was not allowed any tax deductions for wear-and-tear (depreciation). At my current employer I am using my own equipment on a base of about 60% for work and 40% for private use. Am I allowed to deduct in 2015 for equipment bought since 2010 until 2015?

SARS status says correction filed

  Written by Evan  

Hi, My SARS eFilling status is "Correction Filed" and my my SARS status is "Return - Assessed" (your tax return has been assessed and you should recieve your notice of assessment as a attachment in you SARS eFilling profile in the next 2 weeks.

When I submitted my tax return I was selected for verification and had to upload supporting documents. I have received SARS eFilling status is "Correction Filed" and my SARS status is "Return - Assessed" two weeks ago and have not received not...



Read more →

Medical aid and husband's tax return

  Written by Evan  

Hi I am putting in my tax return - my question is I am on my husband's medical aid. Do I include all this information in my tax return? We are on a hospital plan and he puts in all our Dr's bills on his tax return. Please let me know asap.

Regards
Jenny

What do I tell SARS if I can't get my IRP5?

  Written by Evan  

I used to work for retail when I was a student and worked some weekends got paid differnt amounts depending on my days worked ranging from R200 to R450 a week but I did not get a payslip, now SARS is asking for an IRP5 for 2012 when I was working there. I can't get any thing as I was not getting a payslip I even have no proof that I worked there.

How much do you charge for your sevices.

  Written by Evan  

How much do you charge for your services? (Tax Return). My first time with you and I need to be sure before I can submit.

Foreign Earned Income

  Written by Evan  

Hi, I am wondering about the tax I pay, if any, if I am earning my income overseas. In my case I earn in Indonesia, and the money gets deposited into an Indonesian account. I would like to send my money back to South Africa though. I would only be in South Africa for 1 to 2 months of the year. What tax would I have to pay, if any?

Do you assist with ITR14 completions?

  Written by Evan  

Do you assist with ITR14 completions for company tax returns?

What is the threshold for presonal tax return ?

  Written by Evan  

Do I have to submit my tax return if my salary is R19003 Gross PM?

Common reasons for a SARS audit

  Written by Evan  

I want to know why are some people being audited and some not being audited?

Tax on R25,000 interest for last year?

  Written by Evan  

I have earned R25,500 interest for the year 2014/15. How much tax do I pay?

Second ITA34 shows I owe SARS the exact same amount they owed me on the first one

  Written by Evan  

I submitted my tax return and first ITA34 showed SARS owed me R7000 but was being audited. I submitted all my supporting documents and now the second ITA34 shows I owe SARS R7000. Why is this? I don't owe them anything right?

Enter 3 times the wrong password

  Written by Evan  

I'm locked out of SARS eFiling. What must I do to log in again?

Can I change to income tax payer from provisional

  Written by Evan  

If I selected I'm a provisional tax payer in error, while registering for SARS eFiling, can this be corrected - as I now realise that I'm just an individual income tax payer.

How do you know SARS is done with Verification?

  Written by Evan  

Hi Tim

I have submitted 3 tax returns this tax season for assessment (2010, 2011 and 2015). SARS had selected me for verification for the 2010 and 2011 assessment years and I have consequently submitted the required documents for review via SARS eFiling.

SARS has issued correspondence for the 2010 assessment year saying "We refer to the verification of your assessment for the 2010 tax period. Please note that no adjustment has been made to this assessment". They also issued an additional assessment (ITA34) for the 2011 assessment year and the initial amount due to me has not changed. ...



Read more →

What Tax is payable on Salary of R 167080 + R 44594 earned from living annuity?

  Written by Evan  

If I earn a salary bonus of R 167080 per year I earn R 44594 per year from a living annuity, how much tax should I have paid?

Gap cover included in my IRP5 code 4005

  Written by Evan  

Gap Cover on IRP5:
Hi Tim, I am trying to submit my IRP5 but my employer added my Medical Gap Cover to my Source Code 4005. According to my IRP5 under code 4005: R33672, but according to my statement from my medical aid it is R26606. Must I leave it as is? They contribute only a portion and my amounts under 3810 & 4474 are R26172. What must I do?

What is payment due for to TaxTim?

  Written by Evan  

I don't understand about the payment due.

Tax at retrenchment

  Written by Evan  

I'm being retrenched and will be receiving a lump sum from my Provident fund and my pension fund. How do I get taxed on that? My monthly income is R25 000.00 gross.

How to declare additional income for part-time contract work and pay tax on that

  Written by Evan  

I am employed by the Department of Education (admin) and I get an additional amount from the School Governing Body for extra work done after hours and weekends. I pay 25% PAYE on this extra income.

However, I'm also doing debtors for a company on an online system as an independent contractor (20 hours per month) for which they do not deduct PAYE. I work at home and with no supervision. I have not registered this as any sort of business.

How much tax do I need to pay and h...



Read more →

Status field says "Correction filed"

  Written by Evan  

IT12 was submitted to SARS 14th July via SARS eFiling, and was immediately selected for verification or audit, so the documents were uploaded & submitted via SARS eFiling the same day. However when checking it is still reflecting status as "correction filed" and no documents for review have been received. Why is this?

How long does it take for SARS to refund me after being selected for audit?

  Written by Evan  

Refund question: How long does it take for SARS to refund me after being selected for audit?

Tax on a life partnership permit

  Written by Evan  

How do I register for Tax whilst on a Life Partnership permit with permission to work? I am from the UK originally, and don't have a SA passport, or ID.

Parental support income

  Written by Evan  

My father supports me financially by giving me a portion of his salary every month in exchange for me providing care for my elderly relative. Do I need to register or pay anything to SARS for this? The amount is below the annual income requirements and my father pays his own tax on his salary.
Older posts →← Newer posts    146  147  148  149  150  151  152  153  154  155  156  157  158  159  160  161  162  163  164  165  166

Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.