SARS 2010 returns turn-around time.

xrapidx

xrapidx

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Just thought I'd create this thread so we can get an idea of SARS turn around time this year.

I filed through e-filing today - so lets wee how long they take. I am expecting them to request supporting documentation, as they've done so for the past couple of years.
 
Seriaaass?

I checked last year, took 3-days for them to request supporting docs ...

I really hope mine goes well this year, had to many expenses last year that are deductible - I could buy a small car with my calculated refund... and I'm desperate for cash at the moment.
 
Filed mine on Friday 4pm, got a sms from ABSA this morning to say my refund was received. Pretty fast, granted the refund was not very big though....
 
I'm on 3606 - commission - so mine generally are pretty big. Good to hear its going quick though.
 
I just get a plain salary, and I have a medical fund. So basically I just get a refund for my medical. You obviously have a small income statement where you deduct expenses....so there is more room for error so yes, makes sense that it may take a bit longer. Could the system generate a tax calculation for you? If not, chances are that it needs to be processed manually. The calculator is not accurate anyways, it got mine wrong....and it was as basic as can get. But it does give you an indication when it says it cannot calculate, that it needs manual processing/assessing.
 
Is there any difference between efiling or using a tax consultant?
I'm asking this because ever since I started using efiling, I haven't received any refunds. In fact I owe SARS every time and I do fill the forms properly.
When I used a tax consultant before, I used to get refunds.

Are there any tricks that tax consultants use to manipulate SARS to get their clients some refund?
 
Nope, or I hope not! Tax practitioners have the tax knowledge to ensure that their clients are taxed to the minimum. Using the tax laws, they minimize the amount you need to pay, while not breaking any laws. They know how to avoid paying too much tax (not evasion, that is illegal) by using the legal "loopholes" if you can call it that. It may sound a bit sinister, but just by taking motor vehicle expenses for instance, up to 2010 SARS provided 3 methods to choose from to calculate your travel expense, whichever is more advantageous can be used. So tax practitioners just know what expenses and deductions can be claimed. Maybe you just missed some deductions?

It may also just be coincidence that you need to pay in the last two years too.
 
Im busy getting all my receipts together. With my previous job there wasn't much to it because it was just a basic salary. Now it's different. I wasn't tax savy and i think a lot of my receipts went MIA. However I do have a very detailed spreadsheet of my expenses that I have kept updated for the past few years. It has all the different categories like petrol etc. Do I need to have the receipt even though most of them are swiped transactions?
 
My calculator did work - hence the expectation of a small car in return :D

Heita_Hola said:
Is there any difference between efiling or using a tax consultant?
Click to expand...

Nope - I'd been using a tax consultant for years, then started doing it myself last year, and got considerably more back. Tax consultant was obviously lazy, and he charged me almost R10,000 for the previous year.

Also, if you do use a tax consultant, and he screws up, you're still responsible.
 
I filed mine on the 1st, but the company came back to us on the 2nd saying oh by the way don't file your returns yet because we have sent them the wrong IRP5 forms, I've now got a request for support documents, what are the support documents, IRP5, Medical Aid and RA ones correct?
 
Lupus said:
I filed mine on the 1st, but the company came back to us on the 2nd saying oh by the way don't file your returns yet because we have sent them the wrong IRP5 forms, I've now got a request for support documents, what are the support documents, IRP5, Medical Aid and RA ones correct?
Click to expand...

Yip - and anything else supporting what you claimed as deductible.
 
Cool, do I need to put Provident fund in there too? As the company pays the Provident fund as part of my CTC?
 
Lupus said:
Cool, do I need to put Provident fund in there too? As the company pays the Provident fund as part of my CTC?
Click to expand...

no provident fund does not go in anywhere. you pay tax before provident fund deductions are deducted.

the tax returns submitted are going through quite quickly but baring in mind, this could be just a few people that have submitted. it's when the bulk of the taxpayers submit their returns then the wait becomes longer.

i have also noted the tax calculator is not taking into account the travel deduction this year. so don't bank on this calculator.
 
Cool thanks Celine, I was just worried when it popped up asking for supporting documents.
 
For some reason the tax calculator worked out my medical deduction correctly (my only deduction :( ) but when subtracting my this from my taxable income, it gives the incorrect result. But when I did my GF's return, the calculator did everything correct to the cent, agreeing with my estimation, even though she has a car allowance, and large medical claim. Strange. The calculator should not be trusted, but it is still a good check point to see whether you included everything and at the correct amounts.
 
OK, I have a question.
For the first time ever, I have used up my full MSA with Discovery when my twins were born in January. I ended up footing a bill of around R10k which is reflected on my Discovery Tax Certificate. Where would I put this tax deductible amount on my efiling return? And what % can I expect back?
 
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