I only started working this year, do I receive a tax refund?

  Written by Marc   Posted 11 July 2013

I started working on the 2nd of January and therefore my tax was below the threshold to submit my tax. I have heard that I can get all my tax for the first two months and was wondering if that was true?

I submitted my income tax return on 2013-07-10 & monies due to me is R2000-00.

  Written by Marc   Posted 11 July 2013

Is it possible that SARS can refund within 24hrs?

Why do I owe SARS money?

  Written by Marc   Posted 11 July 2013

Good day, I have a very straight forward tax return: I have an income, I receive a monthly reimbursement towards medical expenses (my husbands company pays for my medical aid) This is added to my monthly income and taxed. I pay PAYE and UIF and my RA is deducted from my salary. I have never owed SARS money until this year. I cannot understand why I would owe SARS money now? It's a very small amount that SARS say I owe them, however I am sure there is a problem and would like to get to the bottom...

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ITR12 FORM

  Written by Marc   Posted 11 July 2013

CAN YOU PLEASE HELP FIND THE ITR12 FORMS,OR EMAIL ME THE FORMS

How will I know if SARS audit is complete?

  Written by Marc   Posted 11 July 2013

I have submitted tax returns for 2011, 2012 and 2013 to get it all up to date. 2013 was not audited and they owed me R3600. 2011 and 2012 I was also owed money, but had to submit supporting documents as they had doubled the medical aid amount for sum reason. The Status says the documents have been received but take up to 5 days to be assessed. Today I received a Refund of R600 and they took R3 000 as an Admin Penalty Fee. A bit extreme as I had received a letter saying the penalty fee would only...

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Where on my return do I fill information in with regard to my IT3b?

  Written by Marc   Posted 11 July 2013

I have an IT3b and do not know how to file this info on eFiling?

what does AVS Bank with AVS verification pass mean?

  Written by Marc   Posted 11 July 2013

On my SARS eFiling the SARS status says AVS Bank with AVS verification pass. But what does this mean?

how do I get my tax number, I need it for a job.

  Written by Marc   Posted 11 July 2013

I need the number for a job application

What to hand in?

  Written by Marc   Posted 11 July 2013

What else should I hand in to accompany my IRP5?

Using your Credit Card as an "income"

  Written by Marc   Posted 10 July 2013

Hi Tim

I was retrenched a while back, well actually left due to the fact I was not paid for 6 months none the less, I had no other choice but to use my credit card to pay my bills for a while. So I would draw money and do a cash deposit in my account for my debit orders to go off. Would this be seen as a income? and would this money be taxed? Further to that, failing to find a full time job I worked casual labour to get by, but I had help from family and friends depositing monies in ...

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If I have a fulltime job and do part time freelance work on the side how would I pay tax?

  Written by Marc   Posted 10 July 2013

I have a full time job and want to start doing some freelance work on the side but don't know how I would pay tax for both incomes. Do I need to register for provisional and non provisional tax? Will I need to submit tax forms for both or can I do them together as one tax form? Also if I don't do any freelance work for a few months do I still need to submit a return for that period?

I earn 7200.000 p/a do I have to pay tax?

  Written by Marc   Posted 10 July 2013

How much do I have to pay on tax?

I have started working in July 2011 and tax is deducted in my salary. Will I get my tax money back?

  Written by Marc   Posted 10 July 2013

As I was not supplied with the IRP5 and just got it this month. Will I get all my money back as this is the third year without claiming the money?

Are some tax payers exempt from completing a tax return in South Africa?

  Written by Marc   Posted 10 July 2013

Are some tax payers exempt from completing a tax return in South Africa?

Second question: What is the current tax threshold which I understand as not having to pay tax if you earn less than the tax threshold, correct?

Can I claim study fees reimbursement?

  Written by Marc   Posted 10 July 2013

I am a salaried, permanently employed person. I claim on a semester basis (based on what I pass), the module registration fees and textbook fees. Up until about a year ago, I would receive the full amount claimed from the company. Now I don't. When I queried this I was told that I am paying tax on the amount that I claim to the tune of 40% or something. I was also told that if I had allowed the company to register for me etc then obviously I wouldn't pay anything unless I fail a module.
...

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IRP5 figures differ from eFiling IRP5?

  Written by Marc   Posted 10 July 2013

My IRP5 figures (amounts of money in codes ) differ from IRP5 figures on eFiling?

Why do I need TaxTim if I have eFiling?

  Written by Marc   Posted 10 July 2013

Why do I need TaxTim if I have eFiling?


THANK YOU

Can I claim for the depreciation of my vehicle for which I get an allowance or is that included?

  Written by Marc   Posted 10 July 2013

I get an allowance of R48 000 p.a and I incured costs of R75 000 inlcusive of the lease payment for the vehicle in my name. I also incured personal expenses of R765 not recovered from the medical aid. The SARS calculator retuned R9885. I dont think thats right.

Provident fund payout in 2013 assessment year

  Written by Marc   Posted 10 July 2013

Hi Tim, I received an IRP5 for provident fund for Year of assessment 2013. I included the amount of R416 363 (source code 3920) in my "income received" column, on the IRP5 they included this amount in the "Gross Non-retirement Funding Income" (source code 3698) column. However when I include it in this column on my return I get a message that the calculations does not add up.

I eventually included in the "Gross Retirement Funding income" (source code 3697) column (which is not correct) and they calculated it. BUT NOW my inital calculation was tax refund of R 4800 but after the second calculation I'm down to R0!! ...

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Registering for VAT threshold?

  Written by Marc   Posted 10 July 2013

Do you have to register for VAT if your gross income is over R1 000 000 or only if the taxable income is over R 1000 000.

I bought a flat and hire it out in order to supplement my income, how does the income tax work?

  Written by Marc   Posted 10 July 2013

Due to medical reason I am on early retirement and receives a monthly pension. With my lumpsum I bought a flat for R840 000.00 in July 2012. My rental income is R3500.00 a month for the period 01/08/2012 to 28/02/2013. My expenditures are as follows: Cost of transport was R26 737.00
Levies (period 13/07/2012--28/02/2013 ) was in total R5435.81.
Where and under what code do I fill in the amount? Can I deduct the expenditure as mentioned from my rental income?...

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Timing of Bonus Payments, taxable or not?

  Written by Marc   Posted 10 July 2013

I received a bonus for the calendar year 2011. The bonus was paid in March 2012 (after tax year 2012 ended) as the company needed to finalise year end etc. I left the company. The company "backdated" this bonus to tax year 2012. I however I feel that since the payment was made in tax year 2013 that an IRP5 should be issued for 2013.

I want to know how much you must earn to be taxed?

  Written by Marc   Posted 10 July 2013

How do u get taxed?

I received tax certificate from the medical aid there was R18 400 on it does it mean I will get that

  Written by Marc   Posted 10 July 2013

I want to know if I will get that money after they calculated? How does it work?

What does SARS mean by a Verification of Assessment letter?

  Written by Marc   Posted 9 July 2013

Does this mean that everything is sorted and done?
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