Written by Neo
Posted 13 September 2019
Written by Neo
Posted 13 September 2019
With the first provisional return still fresh in the minds of taxpayers, we thought it would be a good time to highlight some questions that were asked to our Helpdesk last month.
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Written by Neo
Posted 13 September 2019
We’ve recently received many questions from taxpayers asking us if we physically went into a SARS office to submit their returns manually.
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Written by Neo
Posted 11 September 2019
Written by Neo
Posted 5 September 2019
Written by Neo
Posted 5 September 2019
You have filed all your outstanding tax returns with SARS and when receiving your ITA34 assessment/ Statement of Account/ Penalty statement you notice that you owe SARS some tax. There are three main options available to you, if you want to make a payment to SARS.
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Written by Evan
Posted 2 September 2019
Written by Nicci
Posted 29 August 2019
Written by Nicci
Posted 29 August 2019
Written by Neo
Posted 25 July 2019
Written by Patrick
Posted 23 July 2019
On 20 June 2019, President Cyril Ramaphosa delivered his first State of the Nation Address (SONA) of the sixth parliament, and for the first time in years, we witnessed an uninterrupted SONA. And that is not the only first. For the first time, the SONA cost almost R2m, a staggering 47% lower than the cost of SONA 2018 and the lowest in five years.
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Written by Neo
Posted 19 July 2019
You may have heard the recent announcement from SARS that certain taxpayers who earn less than R500 000 per year don’t need to submit a tax return. However, this only applies under very specific conditions so it is extremely important to understand these fully if you think you may be affected. You can read all about this rule here.
This year SARS are taking things one step further. They ...
Written by Neo
Posted 19 July 2019
At TaxTim we receive many questions from taxpayers who pay medical aid for dependent family members and who want to know if they can claim for this in their tax return.
When paying medical aid contributions for a ‘financial dependent’ the medical scheme fees tax credit applies in respect of fees paid by the person to a medical scheme. This means that the person who is paying the medical aid will receive the medical tax credits, and not the dependent/member of the medical aid.
Who is a ‘dependent’?...
Written by Evan
Posted 19 July 2019
Written by Neo
Posted 15 July 2019
TaxTim is seeing cases where taxpayers who had already submitted their documents in early July to SARS are, around ten days to two weeks later, receiving a further two letters from SARS requesting documents again. The one letter is the generic letter with the long list of documents, which was originally issued, while the second, contains a more specific request relating to the taxpayer’s tax return.
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Written by Marc
Posted 11 July 2019
Usually SARS issued an immediate assessment, however sometimes they do need to do a further manual check on their side. Often the reason for this is one of the following:
Written by Nicci
Posted 28 June 2019
An IRP3(e) is a tax directive from SARS to instruct an employer, a fund or a commission earner the tax amount that they should deduct from either a lump sum or commission income that an employee might be due to receive.
Written by Neo
Posted 13 June 2019
Written by Neo
Posted 7 June 2019
Our helpdesk receives hundreds of questions from commission earners about how their tax is calculated. Many are also confused about which expenses they can claim. Hopefully our FAQ will help other taxpayers who might be puzzling over the same issues.
1. I have a salary and earn a small commission; can I claim for my travel to and from work every day? (The commission is based on the sales that my team makes telephonically per month).
Should the commiss...
Written by Neo
Posted 5 June 2019
I have been living abroad for a while, since February 2018 to be exact. I filed my tax return for the 2017/2018 financial year, as it reflected my income for the previous year, during which I was employed in South Africa. I would like to maintain an unbroken record with SARS, but I'm not sure how to file for income earned abroad. My current income is well below the R1 million limit impostor in South Africans working abroad. I will be tax returning to SA in March 2019. So, I would like to know wh...
Written by Neo
Posted 5 June 2019
Written by Neo
Posted 4 June 2019
You may have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers to submit a tax return from R350 000 to R500 000.
However as with all previous years, this only applies to certain taxpayers and so it is very important to check if you are one of these.
The threshold applies to you only if you meet ALL of the criteria below:
Written by Nicci
Posted 4 June 2019
By now you would have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers
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Written by Nicci
Posted 3 June 2019
Written by Neo
Posted 28 May 2019
There are times when the call centre agent from SARS is unable to resolve your issue and you need to reach out to a more senior person at SARS.
You can request to speak to a team leader / operations manager or the branch / call centre manager and they should be able to assist you. Always remember to note down the case number for your call. If however, you're not satisfied with the outcome of the issue, you can lodge a formal complaint with an agent at a SARS branch or on eFiling (if y...
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