Tax Q&A

answers

When must I expect refund if I am selected for audit?

I went to do my return on the 26 July 2014, I was selected for audit and I got the msg that I have refund so I am asking when am I going to get my refund coz it

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How long to wait for refund after change of banking details at a SARS branch?

Afternoon, I submitted my IRP5 at SARS Springs branch on Tuesday 2/09/2014 and I got an sms that there's money due to me few minutes after submitting. Then I we

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what is the english abbreviation of "LBS Aftrekkings"

What does the term/abbreviation in afrikaans "LBS" mean or the english word for "LBS" The abbreviation"LBS" (Lopende Betaalstelsel) is Afrikaans and it means Pa

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Use of employer Owned cellphone for fringe benefit purposes?

We have entered into 20 cellphone contracts with a service provider this month. We will be giving our staff members employer owned handsets to use for work purp

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Still no refund paid 1.5 months after completion letter from SARS.

I filed my tax return on 14-7-2014, got a completion letter on 25-7-2014 with an amount payable to me. On my eFiling tax workpage it says under Sars status: "Re

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How do I go back on the tax return process?

How do I go back on the tax return process on TaxTim? Just scroll down and you can change answers. Else if you have reached the actual return, there is a big

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If I can only submit a medical certificate without slips when they audit you?

If I cannot provide all the slips of my medical contributions only the medical certificate what is going to happen? Are the slips for amounts that are not st

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Tax responsibility on inheritance.

I inherited R96 000.00 from an estate. What is my tax responsibility? The estate's worth is 1 300 000.00. There is no responsibility. This is tax free.

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Retirement annuity value entered on automated web form

when using your online forms, one of the questions is if I paid for a retirement annuity. How do I enter R1310.94. It wont accept the .94. Must I round it up or

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Please help me get a tax number?

I never worked in my life! And applied for a job now they ask for a tax number how do I get one? Please click the link to find out How to get a SARS tax num

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SARS tax on R2 588 819 on resignation

How much will SARS tax on R2 588 816 lump sum on my resignation from government. I intend resigning by 28 February 2015 Please make use of our Lump sum calc

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What does it mean when SARS say they issued a correspondence?

I received this message from SARS. SARS has issued correspondence for xxxxxx - xxxxxon SARS eFiling which requires your attention. To view this, kindly log into

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Tax reassessment - after I have submitted to SARS?

I have submitted my tax return and was owed by SARS then was asked to submit supporting docs. I submitted the docs but still waiting for one doc from the compan

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How does it influence one's tax return when one earns two incomes/salaries?

I recently started with a new job. I have 2 half-day jobs. One in the morning and another one in the afternoon. Can you tell me how my personal tax calculatio

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Is it worth filling in a SARS tax return now?

I have been working here in South Africa since 2012 and paying my income tax, but I have not filled in a tax return even once, so may I start filling a tax retu

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How long to wait for my refund from SARS and what must I do?

On 01/07/2014 I have submitted my returns and then I was selected for audit the next day later I submitted my supportive doc.31 days later I received a letter f

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I need my tax number now?

How can I get my tax number now over the phone? You need to phone 0800 00 7277 and retrieve your tax number.

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do I owe SARS money

received an sms from SARS for -R1185 due to me .... Date of payment 2014-10-01 and 2nd 2014-10-31...what doe this mean ? When did you receive this sms? Me

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Where is "request correction"button I made a mistake which I discover after submitting

Hi Tim I hope you can help me! I submit a form with a incorrect amount to SARS on eFiling. You said I must click on the "request correction" button, but I alre

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Foreign subsistence allowance code

What is the difference between tax codes 3714 and 3716 for allowances. Is it true that code 3714 has now replaced code 3716 since 2010, for foreign subsistence

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What is the tax on my December bonus?

What would the tax implication be on a bonus in December? My salary is R4950 pm. How much is your bonus? Bonus is same as salary R4950 payable in Decembe

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What is my tax reference number?

I seem to have lost my tax reference number and I'm having problems locating it. Please can you help. You can call 0800 00 7277 or have a look on your IRP5

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The amount was wrong of the medical contribution how can I reverse it or make it right?

My friend's eFiling was completed and she is the main member of her medical scheme with 2 children also on her medical aid. She made a mistake putting the amou

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Do you need a tax directive for each IRP5 for which it is applicable?

Do I need a separate tax directive for each employer where I receive remuneration and my commission is more than 50% of my salary? Yes, you will need one pe

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Is the Protea Cricket players taxed on their match fees while outside the Republic?

There is an argument that those members of the 2013 cricket team who played in all the test matches and all the one day internationals will notbe taxed on their

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