Tax Q&A
Tax refund/rebate dating back to about 7 years
I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire a
Read moreWhat is the difference between a levy and tax?
What is the difference between a levy and tax? A levy is an extra amount that is charged on things like fuel, but as a surcharge on top of the cost whereas a
Read moreCan I get a copy of my IRP5 via email?
I need a 2012 IRP5, can I ask SARS to sent me one via email? I'm not sure if SARS can do that for you - it is worth asking them on 0800 00 7277. Your IRP5 ca
Read moreI received statement of account from SARS, what does it mean?
My statement of account :assessed tax and at bottom it does give me refund advice does that mean that the process has been completed and that I should receive m
Read moreI received a donation from a non-resident relative.
Is this donation taxable in SA? If the donation was a once-off there shouldn't be any tax payable in SA.
Read moreSARS appointed my employer as agent?
According to SARS I have penalties of R22 250. I only discovered this recently after becoming more educated about the whole tax thing and investigated my own SA
Read moreIs the sale of a business taxable?
If I were to sell a business, would I pay tax on the sale price? and if appropriate, how would this tax be calculated? It would depend on whether the busines
Read moreI just receive a salary and receive car allowance - why do I have to pay in tax?
I find myself having to pay extra tax in every year, last year 2500 and this year 6000. Why? Check with your Payroll department if they pay the PAYE each mo
Read moreWhat is my claimable medical contribution as a pensioner?
I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from
Read moreI have received a notification of assessment - an IT34
HOW DO I VIEW THE IT34 AND ITSA? You need to log onto eFiling and you can view these statements there on your profile.
Read moreCan I complete my tax return on the morning of the 23rd deadline?
The closing day for submission of tax return is tomorrow. Will I be fined if I complete it tomorrow and submit before the end of the day? No you will not be
Read moreRetired and not earning an income
Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return? If you earned more than R93 150 for th
Read moreHow much tax do I have to pay if I earn R6500 per month?
Hi Tim, I'm 26 years old and I work as assistant manager at restaurant. I'm aware that I pay tax but I'm not sure how much tax do I have to pay every month. How
Read moreChanging jobs during the financial year
What happens if I change jobs during the financial year? How will my tax be affected? From a tax perspective it won't make a difference as you will still be
Read moreFringe benefit tax on company car
Hi Tim, I have driven a company owned and paid-for motor vehicle so pay fringe benefit tax based on the value of the car when it was purchased (new). Should tha
Read moreMy employer has asked me to get a SARS tax number
This is the first time I have a job, please I am asking for tax number. If you go to https://www.taxtim.com/za/get-a-tax-number.php you can download the form
Read moreDid TaxTim make a mistake on my return?
On the question of medical expenditure I answered YES plus the amount. On the return Tim filled in NO and no amount. Also on Tims questions on retirement annuit
Read moreTax return assessment results - what does this mean?
I have received this SMS from SARS:"Thank you for filing your 2011 tax return Assessment Result: R0 Account Balance: R-2574 Selected for Audit: No" What does it
Read moreHaving trouble registering on SARS eFiling
Every time I fill in the first page to register for eFiling, I get told that I have entered the wrong verification code. Are you having trouble with the secu
Read moreHired on contract and permanent later
Hi Tim Last year I was on contract from May 2011 till Nov 2011, later the same employer made me permanent. I received an IRP5 showing that I've only been employ
Read moreHow do I know if I qualify to submit tax returns? I'm am not working at the moment.
I've quit my work and would like to know if I qualify for submitting tax returns? Or is there a way that I can check I have my tax number. Hope you can please h
Read moreMy contact details are incorrect on SARS ITCHN-1 form - how do I change them?
I have just submitted documentation to verify my Banking Details as a Non-Resident through Power of Attorney with a friend of mine in South Africa. I have just n
Read moreI've gone through the entire process but have to fill the mising info on page 1 and 2.
How do I go about filling this in as the page would not allow any edits to be done? The return generated by TaxTim cannot be submitted directly - the informa
Read moreDo I have to pay tax on financial support from my family?
I am unemployed and trying to survive as a freelance writer, earning very little. My wife is homeschooling our children. We are financially supported by my pare
Read moreAm I a provisional taxpayer if I work freelance?
I'm a freelance writer earning very little, in fact I might just be over the tax threshold of R58k in the coming year. Do I have to register as a provision
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