Does a letter from SARS "Verification of assessment" mean that my tax return is completed?

  Written by Marc   Posted 18 July 2013

I've submitted supporting documents to SARS as requested, and received a letter with the heading Verification of Assessment. Does this letter mean that my return is completed and I will receive the refund due to me?

What is the meaning of (account balance 6730 DUE TO YOU)?

  Written by Marc   Posted 18 July 2013

I received this sms from SARS, but am unsure when I am going to receive my income tax refund.

My return was selected for audit. Now a completion letter appears. How long before payment to me?

  Written by Marc   Posted 17 July 2013

My return was selected for audit.How long before payment to me?

Provisional taxpayer, how do I continue? I have been assisted by a tax consultant?

  Written by Marc   Posted 17 July 2013

I'm a provisional taxpayer but I have been assisted by a tax practitioner but now I want to file my tax returns. I'm registered on eFiling, how do I move forward on my own assisted by Tax Tim?

Income tax refunds?

  Written by Marc   Posted 17 July 2013

I've sent my details via eFiling last week, would you please assist me in finding out if I'll be paid out or am owing to SARS?

We run a small business, how do we account for the income tax?

  Written by Marc   Posted 17 July 2013

MY girlfriend and I have had our business for about a year now, we would like to know what we are supposed to do? Tax return number? Provisional tax?Corperate income tax?Turnover tax?I don't understand any of it

can you supply SARS with bak statements

  Written by Marc   Posted 17 July 2013

SARS asked me to submit supporting documents.I work for commission so I have a lot of deductions. As I didn't have ALL my slips, I submitted my bank statements and indicated on them what deductions I made. I also attached my garage card statement. However they didn't accept any of these deductions!

Is it possible?

How do I change my eFiling address online?

  Written by Marc   Posted 17 July 2013

1) I would like to changed my address online please2) and would like to know if I can pay my account owing to sars via debit order.

I used the wrong password three times, and now I cant do my tax return on eFiling?

  Written by Marc   Posted 17 July 2013


I do know my password

How do I get my personal tax reference number?

  Written by Marc   Posted 17 July 2013

need my tax reference number to fill business forms

How do I show provisional tax paid on my ITR12?

  Written by Marc   Posted 17 July 2013

Where do I reflect on my ITR12 what tax I have paid over and above what got deducted by my company?

Medical Aid Tax Credit - source code 4008

  Written by Marc   Posted 17 July 2013

Hi

My Taxable Income is R 322 058. Through the year my medical Aid contributions were R 13 024 and out of pocket was R 11 359.19. I just wanted to check that I shouldn't be getting a rebate on 4008.


The calculation I'm doing is: Contributions and out of pocket (R24 383) - Tax Credit R246 * 12 * 4 (R 11 616) = R 12 767. This is less than 7.5 % of my income ~R24 000 therefor that's the reason why the 4008 allowable deduction is R 0?

Please can you give a contact number of SARS Bloemfontein office?

  Written by Marc   Posted 17 July 2013

I want to contact the Bloemfontein branch

How do I complete and submit my tax returns to SARS?

  Written by Marc   Posted 17 July 2013

I was working in a certain company, (2010, 6 months contract ) and (2011, 6 months contract) and I didn't have a tax number but certain amount were deducted (Tax). I'm working for another company now. I just want to find out how do I go about doing your Tax Returns.

Why is my arrears retirement contribution on allowed to be a lower amount?

  Written by Marc   Posted 17 July 2013

I want to claim the last 2 year retirement contributions its meant to be R6396.60 but they only allowing me to claim R1800.

Why do I not get a tax refund for my extra medical expenses?

  Written by Marc   Posted 17 July 2013

I am claiming medical expenses I paid, but I am not getting any money back.

I need to obtain a SARS income tax number?

  Written by Marc   Posted 16 July 2013

How to get a SARS tax number

Does your medical aid payments back into your cheque account counts as income?

  Written by Marc   Posted 16 July 2013

Should you show your payments from your medical aid into you account as income or is it just income your earn? Any other cash backs and / or paybacks which you already paid for gets ignored?

What does the "-"before the calculated tax amount mean?

  Written by Marc   Posted 16 July 2013

I am trying to submit my SARS tax return and when I selected the calculate button it gave me a breakdown of income etc. My question is though, my calculated tax result says -R4568. What does this mean? Do I owe the South African Revenue Services this money or is this money due to me?

PAYE on R5 000 and under? What do I do?

  Written by Marc   Posted 16 July 2013

I just want to know if my employees should pay PAYE on R5 000 per month and lower? Or can I only deduct UIF?

FILING RETURN FROM OUTSIDE SA?

  Written by Marc   Posted 16 July 2013

I worked for some months & paid tax also. Now I am back to my country. My employer gave me an IRP5 form. Please let me know how I can file return form here. Is my foreign bank account acceptable as my SA bank account is closed now. Please let me know what else need. I'm ready to pay more.

An employer purchases a motor vehicle for 40k and sells it to his key employee for R20k?

  Written by Marc   Posted 16 July 2013

Can the business deduct a loss on an item bought and resold immediately? The business is an engineering company.

When will I receive my tax refund?

  Written by Marc   Posted 16 July 2013

I have submitted my returns and was selected for audit. SARS requested additional documents which I provided. I received an assessment and some of the deductions were not included, I then submitted notice of objection. I received a revised assessment this morning and it reflects a negative amount. The statement of account also shows that a refund is 30 days due. When can payment reflect in my account?

Is Forex income not classified as capital gains tax?

  Written by Marc   Posted 16 July 2013

A certain amount of capital is grown by means of buy and sell transactions leading to profits and losses.Is forex income not classified as capital gains tax?

Freelance Consultant - Income Tax Registration?

  Written by Marc   Posted 16 July 2013

My wife has recently obtained her South African work permit (We are Indian Nationals) and will start work with a company in Johannesburg. They have asked her to register with SARS and provide a Tax Reference Number for her to be paid. I am a bit confused about how to go about registering.
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