SARS eFiling 2023/2024

Also got the notification for auto assessment, nothing different than what I expected.

Edited the return to indicate I want to claim solar and was quickly allowed to upload the documents. Now to wait and see.

My list of uploaded docs were as follows:

Invoice from supplier
Confirmation of installation
CoC for installation
Proof of payments
Rates account
Eskom account
 
Auto assessment is annoying, would have filed ages ago.
 
ronz91 said:
when is it mandatory to fill a return?
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Do you mean the minimum threshold necessitating filing or when filing for the 2024 financial year commences?

semaphore said:
Auto assessment is annoying, would have filed ages ago.
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+1.

I logged into TaxTim and given that I previously authorized them to access my tax data, I was able to generate and review this year's return. I have captured and even tried submitting it on both TaxTim and eFiling. Both attempts failed: must wait.

My return amount is a lousy third of the amount I've become used to. I'll wait for next Sunday/Monday to submit. I hope they don't audit me for the change.
 
Just as I thought all is well... Sars says thy now want a return for 2008 and 2009

I am not sure if the company I worked for back then still even exists. That doctor should be either retired or dead by now.
 
ronz91 said:
Minimum threshold me thinks
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For the 2024 year of assessment (1 March 2023 – 29 February 2024)
  • R95 750 if you are younger than 65 years.
  • If you are 65 years of age to below 75 years, the tax threshold (i.e. the amount above which income tax becomes payable) is R148 217.
  • For taxpayers aged 75 years and older, this threshold is R165 689.
Sauce
 
Okay so I have been working for 8 years so I should probably know the answer to this, but I don't.

I always hear people say that when you pay for medicine that isn't covered by medical aid that you can claim back, and I know people on Discovery medical aid submit stuff knowing it will be rejected so it appears on the Medical aid tax form.

My question is, are you guys submitting till slips, if so for what sort of things? Or is there an easier way? FYI I am on a hospital plan so I dont have any medical aid savings.
 
Pufferfish94 said:
Okay so I have been working for 8 years so I should probably know the answer to this, but I don't.

I always hear people say that when you pay for medicine that isn't covered by medical aid that you can claim back, and I know people on Discovery medical aid submit stuff knowing it will be rejected so it appears on the Medical aid tax form.

My question is, are you guys submitting till slips, if so for what sort of things? Or is there an easier way? FYI I am on a hospital plan so I dont have any medical aid savings.
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The medicine needs to be prescribed. Not OTC. AFAIK, there is no easier way besides collating the slips (i.e. scan on receipt) and including the cumulative amount of all those expenses on filing. When they ask for proof/details, you'd furnish the scans. My amounts have been minuscule to date. Eg. This year is R1495. I've been audited for home office-related stuff, unlikely those (My SARS strategy is to overwhelm them with everything)
 
Last year's experience:
They put serious caps on uploading documents, which means that scans of slips if it exceeds 3Mbytes a file is a problem.
They allowed only 6 (if I recall correctly) files to be uploaded.
They did this to force you to send a spreadsheet- which in any case confuses them.
 
Hi everyone,

This year, I earn more due to salary increases in March and I'm also paying significantly more for medical aid. Additionally, my monthly RA payments have increased this year.

Given these changes, does it make sense that my automatic tax assessment claims my return is less than half of what it was last year?
 
r00ster said:
Hi everyone,

This year, I earn more due to salary increases in March and I'm also paying significantly more for medical aid. Additionally, my monthly RA payments have increased this year.

Given these changes, does it make sense that my automatic tax assessment claims my return is less than half of what it was last year?
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Are you taking into account that this income tax return is only for March 2023 to Feb 2024. If you have increases this year it would affect next year's return.
 
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Anyone else battling to get OTPs from SARS this morning? Im trying to check something but no luck
 
marco79 said:
Are you taking into account that this income tax return is only for March 2023 to Feb 2024. If you have increases this year it would affect next year's return.
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No for sure. I meant that I received an increase last year in March. Also my medical aid and RA amounts did increase as well.

Thus it still doesn't make sense that I would have a return of less than half of last season.

Or am I missing something?
 
Last edited:
Anonymous™ said:
I logged into TaxTim and given that I previously authorized them to access my tax data, I was able to generate and review this year's return. I have captured and even tried submitting it on both TaxTim and eFiling. Both attempts failed: must wait.

My return amount is a lousy third of the amount I've become used to. I'll wait for next Sunday/Monday to submit. I hope they don't audit me for the change.
Click to expand...

r00ster said:
No for sure. I meant that I received an increase last year in March. Also my medical aid and RA amounts did increase as well.

Thus it still doesn't make sense that I would have a return of less than half of last season.

Or am I missing something?
Click to expand...

I allude similar in my quoted post (without specifying details).

The short of it is yes, your return amount can go down because you are now in a higher tax bracket. Your income, less allowable deductions plus taxes paid result in the lower figure. It sure sucks when that happens. Where I usually got R20k+, I'm looking at R8k this year but my income increased significantly and I reduced my retirement contribution from the maximum deductible.
 
r00ster said:
No for sure. I meant that I received an increase last year in March. Also my medical aid and RA amounts did increase as well.

Thus it still doesn't make sense that I would have a return of less than half of last season.

Or am I missing something?
Click to expand...
Remember that increased medical aid contributions does not translate into reduced taxes. The Medical Aid rebate is exactly the same no matter how much your contributions are. The more you earn the higher the threshold for excess medical expenses to qualify for an additional rebate (amounts in excess of 7.5% of taxable income). The only way to be sure is to check your assessment.
 
KoosMostert said:
Remember that increased medical aid contributions does not translate into reduced taxes. The Medical Aid rebate is exactly the same no matter how much your contributions are. The more you earn the higher the threshold for excess medical expenses to qualify for an additional rebate (amounts in excess of 7.5% of taxable income). The only way to be sure is to check your assessment.
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I find it odd that folk is comparing payouts and not looking at their assessments. You should be aiming to get a 0 payout, at least when looking at a conventional or non-compliacted return, where, if you are getting a payout, you are likely doing something wrong, as a payout is a correction for overpaid taxes. Unless it is like for additional medical aid stuff, solar panels, or similar. Rest of the items, or at least the PAYE deduction on your payslip can be adjusted to account for your expected RA contributions.
 
Thanks, everyone. After talking to a friend in finance, I now have a much better understanding of the calculations.
 
Arzy said:
Also got the notification for auto assessment, nothing different than what I expected.

Edited the return to indicate I want to claim solar and was quickly allowed to upload the documents. Now to wait and see.

My list of uploaded docs were as follows:

Invoice from supplier
Confirmation of installation
CoC for installation
Proof of payments
Rates account
Eskom account
Click to expand...

Few questions:
1. Was the invoice a VAT invoice and is the supplier VAT registered?
2. What is a confirmation of installation? Is the COC not the same thing?
3. Why do you need to submit rates and eskom account?
 
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