Letter of completion

  Written by Evan   Posted 10 July 2015

I received a letter of completion yesterday afternoon at about 15:34h. What does this mean?
I submitted my 2012, 2014 and 2015 tax return and received a letter for 2015 does this mean that everything was finalized, when should I receive my refund.

Tax up to date but SARS saying I owe them

  Written by Evan   Posted 10 July 2015

Last year all my outstanding previous years 2006 to 2014 was brought up to date via SARS eFiling and finally having to go into SARS to submit documents. After accumulative penalties deducted (R14k) and an audit I still managed to get a refund which was paid to me 15 July 2014 (11k).

This season 1 July 2015 I submitted my tax return, again I was selected for audit. SARS requested supporting docs which I submitted as per notification and I'm due a refund. Today I contacted SARS to inquire what the hold up was regarding my refund (R5k) and was informed that I owe SARS R4k which I have to settle first before I can receive my refund. ...

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Refund period

  Written by Evan   Posted 10 July 2015

I completed my tax return on 2 July & submitted supporting IRP5 doc as requested by them on 5 July. Any idea when I can expect my refund?

Company Contribution to a Provident Fund

  Written by Evan   Posted 10 July 2015

How do we handle company contribution to a provident fund? Do we reflect this in the provident section of the tax return?

How much do you pay for tax if you earn R52 000 rand per year?

  Written by Evan   Posted 10 July 2015

If you work on a year contract and earn 52 000 rand per year, how much do you pay for tax ?

Can I claim for depreciation on my personal vehicle used for business puposes?

  Written by Evan   Posted 10 July 2015

Can I claim on my personal vehicle used for business? I receive no allowance, just re-imbursement for petrol claims and services. I have a logbook indicating business vs personal use.

Cannot download either my assessment or letters

  Written by Evan   Posted 10 July 2015

Cannot download either my assessment or the contents of a letter requesting supporting docs, have downloaded the latest Adobe reader 12.

How are provident funds taxed due to retrenchment

  Written by Evan   Posted 10 July 2015

I was retrenched last year. Initially it was a dismissal but I won the case at CCMA and the dismissal was changed to retrenchment as the position was no longer available on the organisational structure. How was the provident fund supposed to be taxed?

Medical Tax Credits Calculation

  Written by Evan   Posted 10 July 2015

Hi Tim,

I earn R4500 a month and I pay R700 a month for medical aid for myself. How many medical tax credits will I receive? At the moment if I am correct it is R257 for the main member
which equals 257*12 = 3084. Would that be roughly what I would get? I have been told that I cannot get more than R700 as that is my monthly contribution.

I need my tax password and logname

  Written by Evan   Posted 10 July 2015

I lost my tax password as well as my logname for SARS eFiling, so how can I get it?

Why do high earning individuals get a refund from SARS?

  Written by Evan   Posted 10 July 2015

Why do high earning individuals get a refund from SARS?

Would like to contact Tax tim

  Written by Evan   Posted 10 July 2015

What is your contact number?

Havent received my payment from SARS yet and its been 5 days already

  Written by Evan   Posted 10 July 2015

I recently did my tax with TaxTim but haven't received my return payment from SARS yet? On SARS Efiling it states that "Filed through an Independent Service Vendor"

Medical insurance claim

  Written by Evan   Posted 10 July 2015

I had a medical insurance plan last year for 5 months, can I claim that under medical expenses?

Process of SARS and penalties for non-submission

  Written by Evan   Posted 10 July 2015

I would like to know what process does SARS follow after someone has submitted their tax returns information and what are the penalties for non-submission of a tax return or submission of false information?

Salary if I want to net R12000 after tax

  Written by Evan   Posted 10 July 2015

If I want to net R12 000 pm after my Tax and UIF deductions, how should my Gross earning be?

Please help.

Do I pay PAYE on R5000 per month?

  Written by Evan   Posted 10 July 2015

Good day. I earn R5000 per month. My question is this, is there a need for PAYE deductions? And if I pay PAYE do I still need to personally pay tax to SARS at the end of every year? Please explain to me how this works. Is PAYE not already paying the tax you are liable for?

Previous year IRP5 submitted accidentally

  Written by Evan   Posted 10 July 2015

Hi,

I submitted my tax return for 2015 on the 3rd July 2015, was due to receive a refund. After a couple of days of no refund, I called the help desk - apparently I did not submit any tax returns for 2009 & 2010 (my job during that time did not pay enough to warrant a tax return).

Anyways I requested the 2009 and 2010 tax return.... The 2010 tax return had all my details and I promptly submitted it with no issues, however my 2009 tax return, instead of selecting save (was b...

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Why am I being audited when all my income, deductions and benefits are reflected on my IRP5?

  Written by Evan   Posted 10 July 2015

Hi Tim;

I recently completed and sent my tax return via SARS eFiling. I was selected for auditing and asked to provide supporting documents. I have nothing complicated going-on: I earn income only from my employer. All my benefits and deductions with respect to retirement fund and medical aid are all reflected on my IRP5 i.e. I don't have a personal retirement annuity or medical aid scheme outside of those in my salary package; as reflected on my IRP5. So what could be the problem?
...

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Tax on Breast Augmentation

  Written by Evan   Posted 10 July 2015

Can I claim tax on breast augmentation done?

SARS Audit - Proof for sideline income

  Written by Evan   Posted 10 July 2015

I'm being audited by SARS, they have asked me for bank statements and payslips. I do currently have a permanent job, but have a part time or side line job as well. The amounts I get paid to do the work is not a constant amount every month and some months has no income at all. These payments are either in cash or via eft which will be on my bank statements of course.

What would the impact on myself be from SARS? I complete my tax every year, but this is the first time I get asked to p...

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How long after submitting supporting documents should you get your refund?

  Written by Evan   Posted 10 July 2015

My tax return is done by a tax consultant. He's been doing my tax for years without any problems. This year he submitted my tax return, and informed me that SARS asked for supporting documents. I only have my IRP5, RA and one income protection policy (that I am not even sure makes a difference). All this was submitted last week, and I have not heard anything since. How long does it take on average to review these documents?

Tax for independent work.

  Written by Evan   Posted 10 July 2015

Hi Tim. I am a full time teacher. I am thinking of leaving my job and working as a full time tutor from home. I will see students on a one on one basis and charge them and hourly rate OR I will travel to other students and charge them an hourly rate.

Can I claim against expenses that I incur whilst tutoring eg: at home - electricity, Internet, cellphone usage to contact students, travel costs when going to students, laptop purchase for work etc. Thank you.

Tax deduction for studies

  Written by Evan   Posted 10 July 2015

I am a director of a company and my company has offered to pay for my studies. I am studying BCom Financial Management. They are however trying to deduct it as a business expense. Is it possible and what tax law do they look at?

My friend wants me to claim for him by TaxTim the way I did

  Written by Evan   Posted 10 July 2015

My friend here wants to claim tax return by the way I do it on TaxTim. Can I assist her?
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