TaxTim's Blog
How to start saving money
In these uncertain economic times, we all want to stretch our budgets a little further. With a few simple financial habits, anyone can save some extra cash each
Read moreGetting your debt under control
Managing debt can be daunting, but it doesn't have to define or control your life. In South Africa, many individuals face the complex task of effectively handli
Read moreLatest SARS Scams, Phishing & Fake site alerts
At TaxTim, your security is a top priority. We've dedicated a section of our website to keep you informed about the latest scams and phishing attempts we come a
Read moreSARS is not paying my refund, they want my old returns!
Taxpayers this year are facing a new gripe with SARS when it comes to receiving those well-earned refunds. The current two scenarios are: NO AUDIT: A taxpaye
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Why is SARS asking me for outstanding tax returns?
In 2024, we have noticed that SARS is withholding refunds from taxpayers with outstanding tax returns, sometimes dating back many years. In some cases, SARS is
Read moreSwear an affidavit for SARS
Has SARS asked you for documents that you can't produce, such as an old IRP5 from a prior year that your employer doesn't have, or that simply doesn't exist? To
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I have received an Additional Assessment from SARS - what does this mean?
After you have submitted your supporting documents to SARS, they have 21 working days to review them, assuming all sufficient documents have been received. &nbs
Read moreWhat does a Completion Letter from SARS mean?
Completion Letter You will receive a Completion Letter if all goes well and SARS is happy with your documents. This means that SARS is not adjusting your Origi
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I've never been audited before. Why now?
This is a common area of concern for many taxpayers who don’t know why they are asked to submit documents to SARS after they file their tax return. (endpr
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The 3 R's: Returns, Rebates and Refunds Explained
When it comes to tax jargon, most people prefer to bury their heads in the sand instead of trying to understand all the confusing terms that tax practitioners u
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Ten Tips to Pay Less Tax
These tips are part of TaxTim's personalised recommendation tool called the Tax Health Score.(endpreview) Once you file your tax return with TaxTim, we analyse
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How long do I have to wait for my tax refund?
Like in previous years, there have always been opening tax season niggles and 2024 has been no different. Patience is a virtue, so the adage goes.(endpreview) A
Read moreWhere can I get my Medical Scheme Tax Certificate?
In order to complete the Medical section of your annual tax return, you will need a tax certificate from your medical scheme (if you contributed to a medical sc
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Why must I submit an IRP5/IT3a if I never received any lump sum cash?
We receive many questions from taxpayers who are confused as to why they receive an IRP5/IT3a for retirement fund withdrawals or transfers and how to repor
Read moreUse of personal devices for work letter
COMPANY LETTERHEAD DateEmployee's Full NameAddress To Whom It May Concern, Subject: Permission to use personal items for work purposes
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The Less Common Tax Deductions
We’re aware that sometimes taxpayers may not understand all of the deductions which appear on the tax return. And because of this, expenses
Read moreHome Office Letter
COMPANY LETTERHEAD DateEmployee's Full NameAddress To Whom It May Concern,Subject: Permission to work from home This letter serves to confirm t
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FAQS: SARS eFiling
Filing a tax return for the first time can be a daunting task. To get you started, we’ve gone back to the basics(endpreview) – hopefully the FAQ bel
Read moreTax Season 2024: opening date and deadlines
The 2024 filing season opens this year on Monday, 15 July. Tihs year, the tax season is even shorter than last year (and last year was shorter than
Read moreNavigating your way around your IRP5
Click on the format of IRP5 that matches your own and we will show you where to find the tax information you need to file your tax return.
Read moreHow to access your eFiling login details
In order to use TaxTim and import your tax certificates directly from your SARS eFiling profile, you will need to be able to login to your SARS profile. If you
Read moreTurnover Tax FAQs
What is the definition of tax threshold? Tax thresholds? SARS Threshold. A Tax threshold is the lower limit of earnings at which tax needs to start being paid.
Read moreWhat is Turnover Tax?
Turnover Tax is a simplified tax system only available to sole proprietors, partnerships, companies, or close corporations with a “qualifying turnover&rdq
Read moreNavigating around your Easy Equities tax certificate (IT3c)
1. This is the gross base cost of all shares you bought through the institution. You must NOT use this value on your return.2. This is the base cost i
Read moreSARS eFiling profile hacking
SARS has reported a rise in eFiling profile hijacking, involving various methods such as altering security details, creating, or modifying taxpayer profiles, an
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