FAQ: What will happen if I get disconnected while still talking to the Agent?
You’ll be taken back to the Help-You-eFile screen. Simply, provide your SARS Agent with the same session ID number you provided before to let your SARS Agent re-connect.
FAQ: What does IT48 stand for?
Income from local Farming Operations.
FAQ: What is a fringe benefit?
Fringe benefits usually refer to non-cash benefits granted to employees, but do not constitute cash payments made. These fringe benefits will be reflected on your tax certificate by source codes starting with the numbers 38 followed by two more numbers.
FAQ: What does SARS mean by annual payments?
These are examples of annual payments: the Annual bonus, Incentive bonus, Leave pay (on resignation/encashment), Merit awards. The annual payment will reflect under code 3605 or 3655 (foreign annual payment) on the tax certificate.
FAQ: Does SARS accept the financial statements in foreign currency for the foreign income received?
Although financial statements drawn up in another currency are acceptable as supporting documents, if so requested by SARS it must be translated to South African currency.
FAQ: Do I use foreign currency to declare foreign income?
All foreign income must be declared in South African currency.
FAQ: I donated some money to my child who is a minor, do I declare?
You are liable for tax on any income received by/accrued to/in favour of any of your minor children if such income arises from a donation, settlement or other disposition by: You (the taxpayer) Any other person (if you made a donation, settlement or gave some consideration directly or indirectly in favour of the other person […]
FAQ: How do I declare investment income on my return if I am married in community of property?
The total amount of your investment income must be declared even if you are married in community of property, as SARS will do the necessary apportionment.
FAQ: How does SARS treat insolvent taxpayers?
Please explain the different tax numbers used for an insolvency cases. “- Based on legislation a person (purely for personal income tax purposes) may be issued with up to three tax reference numbers to finalise his/her estate. The taxpayer or the appointed trustee/administrator is required to visit a SARS Branch to request the taxpayer to […]
FAQ: I am not a South African resident and I work in South African for a foreign government, what are the tax implications?
The remuneration paid to any domestic or private servants of the employees who work for a foreign government in South Africa is also exempt from normal tax provided that the domestic or private servant is not a South African citizen and is not ordinarily resident in South Africa. The exemption is not applicable to any […]
