E-filing mess

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Radioboy

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Today I got my IRP5 , so I attempted to do my tax return by myself. Everything went smoothly , and I got a notification that SARS owes me quite a few bucks. I had some medical expenses and contributed to an RA for the entire period.

Then i realized , that i did not declare the dividends I got from some of my unit trusts (Very Small amounts). I then requested a correction and tried submitting again. However, while trying to file the correction, I got error messages indicating that i should update Adobe. I downloaded the new version but that didn't help. At the end of the day i had to download Internet explorer as well.

With internet explorer , I managed to make the corrections. Just one problem, now i owe SARS money.

I screwed up somewhere hey ?

Sigh ...
 
The Unit Trust company has to pay Dividend Withholding Tax on your behalf.
Since you say its a small amount, Maybe you changed something else by accident that's made a big difference to your calculation...
Perhaps you can go to a SARS office and see if they can help you.
 
There's a buggerup on my efiling too... my banking details has gone awol and I can't fill it in myself, it's greyed out... now back to SARS offices.... :/
 
Had a problem too with source code 3815 but its sorted.
 
Hendrix said:
The Unit Trust company has to pay Dividend Withholding Tax on your behalf.
Since you say its a small amount, Maybe you changed something else by accident that's made a big difference to your calculation...
Perhaps you can go to a SARS office and see if they can help you.
Click to expand...

Yeah, the closest SARS office is 150 km from me :(
 
I also got a small amounts of dividends but from the tax form I got from my broker it looks like they paid that tax on my behalf so I did not declare it.
 
Cius said:
I also got a small amounts of dividends but from the tax form I got from my broker it looks like they paid that tax on my behalf so I did not declare it.
Click to expand...

Yes you don't have to declare local dividends from how I read it. Only foreign dividends would have to be declared.
 
Cius said:
I also got a small amounts of dividends but from the tax form I got from my broker it looks like they paid that tax on my behalf so I did not declare it.
Click to expand...

I'm still uncertain about this, but according to what I could find is that the dividend withholding tax is paid by the company and therefore it doesn't need to be declared on your tax return. However, if you received dividends from a foreign company, this need to be declared (but then it gets really complicated).

Uncertain how Div withholding tax works for private companies and how to declare it.
 
Update:

I still don't know what i did wrong or why my return turned out to be such a mess. However, I did get a nice refund. :D

I phoned SARS and told them what happened. According to them all my tax affairs are in order and that i shouldn't worry and enjoy my refund.

Ill worry about this again next year.

Thanks for everyone's replies

Cheers
 
Did you not get confused and think a "-" on your result meant you owe them money, when it actually means its due to you?
 
Local dividends are tax free, so they get added & then deducted again. So while its technically wrong, nobody really cares because the amount of tax paid is the same either way - thats why they told you not to worry.

creeper said:
I'm still uncertain about this, but according to what I could find is that the dividend withholding tax is paid by the company and therefore it doesn't need to be declared on your tax return. However, if you received dividends from a foreign company, this need to be declared (but then it gets really complicated).

Uncertain how Div withholding tax works for private companies and how to declare it.
Click to expand...
No you always declare it. STC was paid by the company - so not your problem. Div withholding tax is technically paid by you, but in practice the company "collects it" for SARS on your behalf. In practice you don't worry about either.

Local divs you declare & it gets deducted again. No worries about anything.

Foreign divs you declare & they get deducted up to a certain amount (the number eludes me right now...something 30k-ish - NB foreign interest falls under same 30k-ish combined). After that it'll depend on s6quat, which I'm not going to explain but essentially it adjust the SA tax if you paid tax in the foreign country too.
 
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