SARS tax returns 2024 - What You MUST Know!

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  • Опубликовано: 2 янв 2025

Комментарии • 83

  • @juffrouV
    @juffrouV Месяц назад

    Regarding home office expenses SARS keeps on disallowing my internet expenses even though I have 2 separate interest expenses. One for personal use and one for work.

    • @SAAccountingNetwork
      @SAAccountingNetwork  Месяц назад +1

      Ive seen some crazy stuff lately. Can you can up a fight, but you will probably need a tax lawyer, the cost is going to be much more than the benefit you will receive. SARS knows that as well.

  • @ndivhuwomudau1314
    @ndivhuwomudau1314 5 месяцев назад +4

    This is my first year working but have not been selected for auto assessment and it says that i have additional information to declare. I don't have any other source of income so what do i do?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Wait for the 15th and request your return then see what they have on their side

    • @JosephBembe-r5u
      @JosephBembe-r5u 5 месяцев назад

      My company pays me 6700rand do I have anything in return that I should get from SARS😊

  • @grant2149
    @grant2149 3 месяца назад

    What is SARS banking details ..

  • @BusiB-h3f
    @BusiB-h3f 5 месяцев назад

    Can I submit income tax more than once? Say I have an IRP5 missing and can only receive it later. Can I file twice?

    • @SAAccountingNetwork
      @SAAccountingNetwork  4 месяца назад

      You can, but better to follow up on the missing IRP5 first, otherwise you are making a false declaration

  • @Garethsbabygirl
    @Garethsbabygirl 6 месяцев назад +1

    I'm trying to find out if you don't get notice first thing in the morning is it possible it will still be done that day. Nobody seems to know the answer.

  • @ElaineGreyling
    @ElaineGreyling 5 месяцев назад

    Good day, I've been auto-assessed, but on my assessment, it shows my husband's bank interest and his medical aid, I am on his medical aid. Also, I cannot click the "no" button. "Did you receive any interest (local and foreign), distributions from a Real Estate Investment Trust (REIT)/ Taxable local dividends, taxable foreign dividends, and or dividends deemed to be income in terms of s8E & s8EA (excluding amounts received as a beneficiary of a trust(s), or deemed to have accrued in terms of s7)?" Because I did not receive any interest in that. What can I do? Please assist. Thank you

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Oh dear, you might need to make an appointment with SARS or maybe a tax practitioner to assist

  • @nyembes
    @nyembes 6 месяцев назад

    Hi there love the video very clear, clean and insightful. Just a quick question. What steps should you take if you’re unhappy with the assessment?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Then request a correction on your return

    • @tshilidzikhakhu9282
      @tshilidzikhakhu9282 5 месяцев назад

      Thank you for the answer. Can you please give directions on how to request a correction on the assessment. Thanks

  • @dieketsengjulia5
    @dieketsengjulia5 5 месяцев назад

    I received the email to show that shows the auto assessment but the statement shown i dont understood, can SARS deduct from my UIF money??

  • @khadijabaiyant8012
    @khadijabaiyant8012 5 месяцев назад

    I'm concerned about this auto assessment, it's charging me tax which it's never done before. It shows an overtime amt. I've never been given any overtime. What am I doing wrong????

  • @ElizabethSithole-y3z
    @ElizabethSithole-y3z 5 месяцев назад

    I have been auto assessed and i recieved a message says i should update my banking details but am struggling to do. When i log in it keeps redirecting to the page where i apploaded my documents. Pls help

  • @zwivhuyaramakuela2491
    @zwivhuyaramakuela2491 6 месяцев назад

    Hi. I was auto assessed and when I verify my banking details I find out that they've put banking details of my other account that I wasn't using to earn my salary. But it is still active. Is there a need to change to the one that I was using to earn my salary?

  • @tedmamphaga900
    @tedmamphaga900 5 месяцев назад

    I think I overpaid tax due to overtime and I don’t agree with the auto assessment, how do I go about challenging it?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      You would need to contact SARS or ask a tax practitioner to review it for you

  • @Juanitavdm
    @Juanitavdm 6 месяцев назад

    What would the percentage of my additional income be that I must put aside for tax?

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад

      Depends in which tax bracket you are, best to consult with a tax practitioner www.sataxreturns.co.za

  • @kgomotsotlhapane1161
    @kgomotsotlhapane1161 6 месяцев назад

    Evening, I have been auto assessed in the previous years but as I checked today if it's still that way, it says I'm not eligible for auto assessment. Does this mean I have to file it myself?

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад +1

      I see SARS is very slow this year to issue the auto assessments, wait until 14 July, if nothing by then then submit a return when the filing season opens on the 15th

    • @kgomotsotlhapane1161
      @kgomotsotlhapane1161 6 месяцев назад

      @@SAAccountingNetwork Okay, thank you for your response.

  • @nkosanabavuma3034
    @nkosanabavuma3034 4 месяца назад

    I'm 63 my retirement annuity matured in 2017 what must I do because Sars penalized me some amount of 31104 of which I'm paying it terms

  • @pumzapholwane7480
    @pumzapholwane7480 5 месяцев назад

    Good afternoon, do you declare income from early retirement?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Yes you would have to, but there should be an irp5 for that

  • @chantelzeelie5091
    @chantelzeelie5091 6 месяцев назад

    Hi, When will they be sending SMS notifications for auto assessments.

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад +1

      See they started from yesterday, but they will be isssuing until the 14th

  • @thembadubazana7791
    @thembadubazana7791 5 месяцев назад

    Good morning Sir, if they did an auto assessment on my behalf and they owe me then pay, can i submit again on the 15th of July or not ?

  • @summaiyaebrahim2922
    @summaiyaebrahim2922 6 месяцев назад +1

    If ai have been auto assessed I the previous years, does it mean I will be auto assessed this year aswell?
    Also, if I'm happy with my auto assessment do I just wait for the funds to be paid to me on the 3rd July?

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад +2

      If nothing changed ito employment then you should receive an auto assessment yes

  • @personalcareerbeginningtoe7307
    @personalcareerbeginningtoe7307 6 месяцев назад

    Hi sir I got the auto assessment sms. And there’s money that sars owe me. So does that mean all is well I must just wait for sars to pay me and when can I expect the money to be in my account that sars owe me?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад +1

      That is correct yes, they say 72 hours, if not then phone SARS

  • @sandisempambane6226
    @sandisempambane6226 5 месяцев назад

    I've updated my banking details because the one they had is old and closed. When will refund appear in my bank account?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      They normally issue a letter confirming the bank details update, then 72 hours, if money is not paid out then contact SARS again

  • @vanessastewart4759
    @vanessastewart4759 6 месяцев назад

    Hi, sars auto assesses me, i am happy the refund, but when i wantbto submit the form it says unsuccessful

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад +2

      Just leave it, no action required from your side, wait for the refund

    • @bettinamaritz8603
      @bettinamaritz8603 6 месяцев назад

      @@SAAccountingNetworkquestion answered, thank you

  • @renelangenhoven6821
    @renelangenhoven6821 5 месяцев назад

    I have been auto assessed, and it shows that SARS owes me, but on my account balance it shows R0. Do i still get a refund?

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      If your account balance is 0 then I dont think there is a refund due

  • @edithsteyn-xz6me
    @edithsteyn-xz6me 6 месяцев назад

    My son got auto assessment today with a refund due , how does he now declare a non taxiable donation from his Grandpa as it must be declared. The 20pct has been paid to SARS as he has a letter stating psyment done, regards

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад

      He must request a correction and declare it in the section for non taxable income received

    • @edithsteyn-xz6me
      @edithsteyn-xz6me 6 месяцев назад

      @@SAAccountingNetwork a huge thank you , blessings

  • @ThembalethuXulu
    @ThembalethuXulu 5 месяцев назад

    Goodafternoon sir what must I do if lwant to updated my cellphone number en banking deals

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Contact SARS call centre, they will walk you through the steps

  • @sinalozulu7466
    @sinalozulu7466 6 месяцев назад

    Hi sars auto assessed me but when i log on the app the is 0.00 that means there is no money due to me?

  • @Juanitavdm
    @Juanitavdm 6 месяцев назад

    Foreign income (side hustle income) via paypal I assume must also be declared, is it correct if I withdraw it as "gift" payments?

  • @DikelediMaota
    @DikelediMaota 6 месяцев назад +1

    Sars auto assessed me last year. I have been paying to doctors so what should I do to let sars know

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад

      Best would be to ask a tax practitioner to assist and see if you will be able to claim something back

  • @CARSwithLwazi
    @CARSwithLwazi 6 месяцев назад

    Hey I just received my IT3a from my employer, should I go and claim. And the Income taxable, is it the money that I will receive as a return or? Thank you

  • @jasonstrauss9156
    @jasonstrauss9156 6 месяцев назад

    The sars app doesn't seem to work

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Think their systems were a bit overloaded the past week

  • @Spiere123
    @Spiere123 5 месяцев назад

    Good day sir thanks for helping, l get a message for a refund and 2 days after for hold it back due to outstanding returns of 2017/2019/2021 what must l do from here l am currently unemployed for 10 months

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Make an appointment to go see SARS, phone the call centre, file the returns when you are with the consultant

  • @thakhanimasia740
    @thakhanimasia740 6 месяцев назад

    hi, Sars auto assessed me, the is a refund due to my name
    when can i expect money in into my account

  • @DigItProtea
    @DigItProtea 6 месяцев назад +1

    Hi, would Sars receive data from Easy Equities?

  • @DaTAlab1193
    @DaTAlab1193 6 месяцев назад

    HI, Sars auto assessed me and say i owe them , and I'm unemployed for a year with no income how is that possible and its a lot of money. please if you may advise Sir, thank you.

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад +1

      That is very odd, maybe consult a tax practitioner so they can have a look - www.sataxreturns.co.za

    • @DaTAlab1193
      @DaTAlab1193 6 месяцев назад

      @@SAAccountingNetwork Thank you i will follow it up.

  • @Tash.Chibaya
    @Tash.Chibaya 6 месяцев назад

    Hi
    So if I received my auto assessment and I’m happy with it, no complaints.
    I don’t have to take ANY action at all? I can just sit back and wait 72 hours and it’ll come in?

  • @samanthadutoit1247
    @samanthadutoit1247 5 месяцев назад +1

    I pay R4200 as my contribution to my medical-aid and my Company pays R4200. Should i get some money back? ❤

    • @SAAccountingNetwork
      @SAAccountingNetwork  5 месяцев назад

      Depends on how much you earn, its quite a complex calculation

  • @LoliBongani
    @LoliBongani 6 месяцев назад

    Hi i was auto assessed on the 2nd of july for 11000 something and also i owe them 500 .. this morning i received a text that the money is with held now until i sort the penalty ..
    Dear Taxpayer, Your Income Tax refund for ...... is on hold due to: 1.Outstanding returns for 2023. 2.Outstanding administrative penalty payments. Please submit outstanding returns. The refund will be utilised to fully or partially settle the administrative penalty account. Your banking details will be verified once these matters have been rectified.

    • @SAAccountingNetwork
      @SAAccountingNetwork  6 месяцев назад

      You would need to file 2023 first, then they normally deduct the penalty and pay out the rest, then contact SARS to update your banking details