SARS eFiling 2023/2024

Anonymous™ said:
Damn! Your Official is the gold standard of Officials!
Meanwhile my side:
1. 2024/07/15 - Submitted.
2. 2024-07-15 14:05 - Audited. (Request for documents: Home Office deductions supporting documents)
3. 2024/07/19 15:22:45 - Documents Submitted
4. 2024/07/21 23:42:56 - Allocated to Official

My wishful thinking is my Official is finding some undeclared assets I didn't know about
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2024/07/26 - Request for additional relevant material
2024/07/29 - SARS: Operations final demand letter
2024/07/29 - I requested a correction (removal of power unit depreciation claim).
2024/07/29 - Assigned/awaiting attention again.
2024/08/23 - SARS: "INCOME TAX VERIFICATION FINALISE - FINALISED WITHOUT CHANGES"

So SARS took almost a month to waste my time. I expect funds next Tuesday/Wednesday. Will update once it clocks.
 
And got assessed this morning. done and dusted ! Getting a nice lump sum back! Its me for 2024! Cheers till 2025 !
 
Today, will be day 30 of waiting for case allocation :cautious:

tom-hanks-idea.jpg
 
The start of another 30 days waiting I guess.

1st it was an audit.

Then they claimed that they paid to my closed account and the payment was reversed. I must update my details and submit all the required documents (on the 20th).

Received the same notification on Tuesday and resubmitted the same documents, only new one is the one with the selfie with the date and case number, yesterday, with same case number.

I finally received a notification now that my case has been allocated to a SARS official.

So, we wait again...
 
They just notified me that the audit is completed and the case closed. I really expected 30 more days.
 
kory said:
Ouch I hope your father transferred to you and you made the payment either via eft from your bank account or using your bank card. I doubt very much sars will buy any explanation for payment not made by you. Did you consider having your Dad claim it or the house is in your name ? I am not a tax professional or anything but you might struggle if the payment is not literally from you.
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They asked for a copy of his bank statement and ID to check that he didn't claim for the same panels. Submitted this morning and was now finalized without changes, so I'm getting the solar refund
 
Elax said:
They asked for a copy of his bank statement and ID to check that he didn't claim for the same panels. Submitted this morning and was now finalized without changes, so I'm getting the solar refund
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That’s great.
 
Anyone able to provide some insight here. My next step is to pay a tax consultant, but hoping someone can point me in the right direction.

I have been receiving company shares for a few years, the first batch vested last year and were paid out (directly from the investment house to me), this is the first time that I have done a return after a share vesting. There is a Tax Directive for the vesting and SARS got their share of the final payout via the investment house (I can see it on the statement).

But I see that my taxable income has now jumped significantly, and as a result I now owe SARS (normally I get a rebate due to my RA). I have tried to do a recon between 2021/2022 and 2022/2023, and it is only the shares that have now been added to my total pensionable income, bar the marginal changes due to my annual increase.

When shares vest and are paid out, is the whole tax amount not handled by the investment house? I'm struggling to identify the jump in rebate vs owing
 
The_MAC said:
Anyone able to provide some insight here. My next step is to pay a tax consultant, but hoping someone can point me in the right direction.

I have been receiving company shares for a few years, the first batch vested last year and were paid out (directly from the investment house to me), this is the first time that I have done a return after a share vesting. There is a Tax Directive for the vesting and SARS got their share of the final payout via the investment house (I can see it on the statement).

But I see that my taxable income has now jumped significantly, and as a result I now owe SARS (normally I get a rebate due to my RA). I have tried to do a recon between 2021/2022 and 2022/2023, and it is only the shares that have now been added to my total pensionable income, bar the marginal changes due to my annual increase.

When shares vest and are paid out, is the whole tax amount not handled by the investment house? I'm struggling to identify the jump in rebate vs owing
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My experience is that the "investment house" usually pays a guestimated amount of tax that does not necessarily correspond to your marginal rate because they don't know your annual income. Then when you get to the tax submission, SARS will gross up your income by the total value of the vested shares and credit you for the deducted tax (i.e. exactly what's on the tax directive). Any shortfall between the deducted tax rate and what your actual rate should have been is what you will have to pay in. I've had to kick in a few grand every year that my share options have vested.
 
Jehosefat said:
My experience is that the "investment house" usually pays a guestimated amount of tax that does not necessarily correspond to your marginal rate because they don't know your annual income. Then when you get to the tax submission, SARS will gross up your income by the total value of the vested shares and credit you for the deducted tax (i.e. exactly what's on the tax directive). Any shortfall between the deducted tax rate and what your actual rate should have been is what you will have to pay in. I've had to kick in a few grand every year that my share options have vested.
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Thank you, that makes a lot of sense.
 
I need to pay my parents tax, via EFT. It's just normal once a year submission, when I go to online banking Fnb, which option do I select? Sars ita? Paye? Cus etc?
 
Keep getting this error even after refreshing the data multiple times. My personal data and IRP5's are missing.

"Please note that this tax return was not processed because SARS could not match pre-popped 3rd party data to the submitted data on the return. Refresh your data on the return and resubmit or visit the nearest branch for assistance with your return. "

Do I have to go into a branch?
 
Please help.
I assisted my folks and did their It34 ir12 all was well and have amount to pay, I did this yesterday ,stupid me today goes and does another request for return and now has version 2, why did it allow me to do this after it was finalized, how do I get rid of Verizon 2?if I leave it won't it be outstanding at tax submission?
It won't allow me to delete version 2 .20240903_182647.jpg
 
Good day! If someone has a rental property for 3 yrs and haven’t done a return for the property(stupid mistake). They now want to rectify it. How do they go about it? Start off this year or notify SARs and do some historic return amendment? Any assistance will be greatly appreciated.
 
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