SARS E-Filing 2016

[The_Mowgs]

Hello

How long does it take from when statement shows that refund has been done to money in account? Submitted return on 2 July and was selected for audit/verification and only on Monday was it complete

Anything up to 21 work days

 

[Saba'a]

Hello

After going through the submitting documents for verification process, I received the completion letter last week Thursday (4 August). Any experience re how long refunds take after everything been completed (no changes to return)....

Thank you!

Last year took 2 weeks. Hoping this time also two weeks as I submitted 1 August and uploaded docs on 1 August.

 

[Saba'a]

Hello

How long does it take from when statement shows that refund has been done to money in account? Submitted return on 2 July and was selected for audit/verification and only on Monday was it complete

Supposed to be 3 days max iirc

 

[AstroTurf]

I went into SARS to fix the stuff-up that is my eFiling and long story short, I now need to wait for them to reject my dispute before I can request a correction.

Anyone know how long it takes usually? I lodged the dispute on the 21st of July. Methinks it might be another week or so before I hear from them

They say disputes up to 60 days, I did mine 11th Aug. Got result yesterday.

 

[PhireSide]

They say disputes up to 60 days, I did mine 11th Aug. Got result yesterday.

You a time traveller?

 

[AstroTurf]

You a time traveller?

Sorry july

 

[ooogz]

Sent my documents over a month ago for audit. Still nothing. No replies etc. Not happy cause it's the largest sum I would have received. If they gonna do a manual audit will they let me know?

 

[AstroTurf]

Paid in this morning

 

[Saba'a]

A month! I want my money now

 

[vash87]

So a person can receive up to R100 k per year tax free?

Say a person earns R80k per year and gets R100k as a donation from a family member that R100k is tax free?

Honestly can't see the tax man allowing that.

The R100k allowance is for the person donating. So if it's the only R100k the family member is donating, then the receiver will get the full value with no tax due. SARS doesn't mind donations - they already taxed that money when the donor originally earned it as income. The only reason that the donations tax exists is pretty much just to stop people trying to avoid estate duty by donating their entire estates to various individuals or trusts. Hence estate duty and donations tax both having the same rate of 20%.

 

[airborne]

The R100k allowance is for the person donating. So if it's the only R100k the family member is donating, then the receiver will get the full value with no tax due. SARS doesn't mind donations - they already taxed that money when the donor originally earned it as income. The only reason that the donations tax exists is pretty much just to stop people trying to avoid estate duty by donating their entire estates to various individuals or trusts. Hence estate duty and donations tax both having the same rate of 20%.

So essentially if the person donating the funds is fully up to date with their tax the recipient of the donation will not be taxed, even if the donation combined with their income takes them into a taxable bracket?

 

[vash87]

Yes, if the donation doesn't breach the donor's R100k donations allowance then there will be no tax on the funds. The funds will not form part of the recipients taxable income and won't count towards their tax bracket. Even if the donor has breached his allowance, it won't be seen as income in the hands of the recipient, and won't be taxed via the tax tables. Just a flat 20% on the amount in excess of the allowance.

 

[airborne]

Yes, if the donation doesn't breach the donor's R100k donations allowance then there will be no tax on the funds. The funds will not form part of the recipients taxable income and won't count towards their tax bracket. Even if the donor has breached his allowance, it won't be seen as income in the hands of the recipient, and won't be taxed via the tax tables. Just a flat 20% on the amount in excess of the allowance.

If it's above R100k does the donor or recipient need to pay the 20% tax?

And for tax return purposes each party will fill in the amount given/received on their tax returns as a donation, if I remember correctly there is a section or line for that?

 

[AchmatK]

If it's above R100k does the donor or recipient need to pay the 20% tax?

And for tax return purposes each party will fill in the amount given/received on their tax returns as a donation, if I remember correctly there is a section or line for that?

Both need to declare it on their tax returns. Only the donor however pays the tax. SARS can still come after the recipient if the donor fails to declare donation or pay the donation tax.

 

[airborne]

Both need to declare it on their tax returns. Only the donor however pays the tax. SARS can still come after the recipient if the donor fails to declare donation or pay the donation tax.

Thanks and to confirm, below R100k non taxable, all amounts above 20%, ie on a R150k donation the recipient will need to pay 20% tax on the R50k over R100k ?

 

[Binary_Bark]

.

 

[chickenbeef]

Good grief.. I had no idea that registering for eFiling was such a mission. I got my tax number in early 2014 when I started working. I then subsequently changed bank accounts, and homes.

I have tried to register for eFiling, but the fact that I moved homes, means that each time I try, my application gets rejected. That coupled with the fact that my banking details have changed.

SARS now wants me to go to one of the branches, and bring along the following:
-ID
-Certified copy of ID
-Bank stamped bank statement
-Proof of residence

What a mission also meaning that I'll have to take some time off work

Had a similar thing happen to me. After many hours wasted calling the call centre and trying to get to the bottom of why my e-Filing account kept getting deactivated after faxing them the authorisation form, I went into the branch to update my details as it didn't match what they had on the system (according to the call centre). Took my ID, proof of address and a stamped bank statement (Which cost R50 and an hour in the queue just for a stamp!) to a SARS branch only to be told that there's nothing to update - everything checks out.

e-Filing has been a total waste of time for me

 

[AchmatK]

Thanks and to confirm, below R100k non taxable, all amounts above 20%, ie on a R150k donation the recipient will need to pay 20% tax on the R50k over R100k ?

Not the recipient but the donor will need to pay the 20% donation tax.

 

[zerocool2009]

What must one verify (at SARS) if you want to signup with efiling ?

I thought it was a simple process

 

[EchoZA]

Got my payout this morning