Tax Q&A
Depreciation for computer under R7000 value
Some years ago SARS advised me that I could write off in year one capital goods for my business (computer) under R7k in value (accelerated depreciation).Is this
Read moreFixing errors on previous returns and resubmitting
I never filled in my retirement annuity amount in previous years, only this year. Can I go back and fix this on previous years returns and how far back can I go
Read moreI am trying to understand my IRP5 so I can submit to SARS.
under tax withheld - what does the code 4116 stand for? This is the code for the medical tax credit you received against your PAYE based on the number of me
Read moreWhat do 4474 and 4116 mean on my IRP5?
What do the following codes mean on my IRP5? 4474, 4116 4474 is the employer's contribution to medical aid as part of you salary package or on your behalf.41
Read moreTax Directive was 18%, but SARS taxed me at 25%. Why?
Hi Tim,My income is based on a 100% commission, no salary and no benefits. I applied for a tax directive from SARS and received one at 18%. However, when I di
Read moreHow to calculate taxable income
I'm confused, I don't how to calculate taxable income. Please help! TaxTim can assist you in calculating your taxable income. Click here for our SARS income
Read moreNot registered with SARS, where does my tax go to?
I am on contract and I never registered at SARS. I want to know where does the tax taken off my salary go? Employers are required to pay tax on the employees
Read moreIs there tax refund money for me?
How can I find out if there are any money for me in tax refunds? You can use our dynamic income tax refund calculator to determine if you are due a refund:Ta
Read moreHow will I know if I owe sars when I submit through e-filing?
How will SARS tell me how much is due to them for tax? SARS will send you an IT34 tax assessment stipulating how much tax you owe or how much they owe you af
Read moreHow will I know amount due to you or me if I submit through SARS eFiling?
How will I know if I owe SARS or SARS owes me if I submit through eFiling SARS will assess your return and send you an ITA34 which is the assessment and summ
Read moreHow will I know if SARS owes me money?
If I summit my tax return by eFiling how am I going to get my answer whether am I owing or if they owe me? SARS will assess your return and send you an ITA34
Read morePassword
Can you please give me an example of a password? You can use absolutely anything as a password - your pet's name, nickname, birth month, city you were born,
Read moreMy registry tax office/branch?
How do I find which tax office I'm registered with? SARS has many branches in the following locations: Eastern Cape, Free state, Gauteng, Limpopo, Mpumalanga, No
Read morePlease help me with my tax number?
kindly assist as I am not sure whether I have been registered for tax or not as I don't have a tax number. You can retrieve your tax number by calling 0800 0
Read moreWhy isn't SARS paying me my refund?
The SARS Status says 'AVS Bank with AVS verification pass' & how long does sars take to pay after the status has been updated. Have you updated
Read moreAs a contractor should I submit both IRP6 and an IT12 or just the IRP6's?
Hi Tim, thanks for a great web site! I'm an IT contractor and for 6 months at the start of 2013 I worked for a company in South Africa and was paid a fixed amou
Read moreLess tax refund this year compared to last year
Why do I get less tax refund in return this year as what I did last year? Has your income for the year changed and the amounts that you filled out on your ta
Read moreDeclaration and calculation of Trustees Fees received for income tax purposes?
If you receive Trustees fees how should this be declared and taxed? Did the Trust issue you a tax certificate? If not you would need to add this under "local
Read moreHow long does SARS take to pay me my income tax refund?
Hello I did get this message on the 4/7/13 SARS Status: Your [Document] has been received but has not yet been assessed. Please note that it typically takes 5 w
Read moreConfusion with respect to IRP5 given by company and battling with SARS eFiling
I have gone through the completion of the IRP5 but my question relates to the actual IRP5. Ive been battling to complete it on SARS eFiling because it talks of
Read moreI need to know my tax number I have forgot it?
I need my tax number I forgot it. You can retrieve your tax number by contacting 0800 00 7277
Read moreI need to get my tax number from SARS?
I am registered with SARS and I know I have a tax number now I need to get it since I have not been working for sometime I need it for the new job I got. You
Read moreWhen will payment be made by SARS as a tax refund?
I did my eFiling on Friday. My current eFiling status is assessment received and SARS status is avs banking with avs verification pass. What does this mean? Yes
Read moreI'm non-resident in RSA but pay PAYE i.r.o. my Living Annuity
My wife & I left RSA in 2011 & living in Namibia (we're awaiting permanent residence approval).I receive a pension from Glacier (Sanlam) & they dedu
Read moreWhy did we only get R500 back from SARS?
My hubby requested that his Co deduct R500 pm extra since August 2012. Total of R500 x 7 = R3500IRP 5 reads R 173 579 code 3601 R 105 831
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