FAQ: What is the minimum capacity per panel to qualify for the rebate?
To qualify for the rebate, the minimum generation capacity per panel must be 275 watts.
FAQ: What is the SARS solar tax benefit?
This incentive is available for one year between 1 March 2023 and 29 February 2024. Individuals who install rooftop solar panel(s) can claim a rebate
FAQ: What must I do if my IRP5/IT3(a) information for my lump sum is not on my Income Tax Return (ITR12)?
If the ‘Transaction Year’ and the ‘Year of assessment’ differs on the IRP5 certificate the IRP5/IT3(a) tax certificate will not be prepopulated on the return.
FAQ: When claiming home office expenses what exactly does the employer need in the letter to SARS that confirms the employee’s work from home arrangement
The letter from the employer should contain the following: The letter should be on the letterhead of the employer with their registration details including the
FAQ: Where a taxpayer claims home office expenses and the house is in the name of the taxpayer’s spouse, would this impact the CGT calculation when the spouse sells the house?
Yes, home office expenses claimed by a taxpayer will have a CGT impact on the disposal of the property by the spouse. The taxpayer’s use
FAQ: Where on the IRP6 return will the Solar Energy Tax Credit field be added?
The “Solar Energy Tax Credit” field will be added to the “Less: Rebate – Primary, secondary and Tertiary” section, under “Additional medical expenses tax credit”.
FAQ: Why have I been charged an Administrative Penalty?
Administrative penalties may be imposed by SARS due to non-compliance e.g. outstanding returns and/or the failure to disclose information. Please submit your outstanding returns or
FAQ: Will the use of home office equipped for work purposes be allowed as a deduction for employees that have due to the pandemic been working from their home offices? Bearing in mind that in a normal period they would have worked from their employer’s offices.
Yes, provided they meet the legal requirements. An additional requirement for employees is that they must spend more than 50% of their working time in
FAQ: Would insurance excess on the ceiling repair and geyser be allowed? If the geyser is directly above the home office space.
Such an insurance excess on the ceiling repair would be a payment towards a repair, and may qualify for deduction if the requirements for claiming
FAQ: A couple has lived on a boat that is longer than 10m for a number of years. The boat is their primary, and indeed only residence. Will they be exempt from CGT if they sell the boat or will SARS seek to tax any gain on disposal?
A boat used as a place of residence by an individual is specifically included in the definition of a “residence”, as is a mobile home
FAQ: Accreditation for Preferred Trader is a legislative requirement under Customs and Excise Act, 1964 and Customs Sufficient Knowledge under Customs Control Act, 2014. Can we use the results of CSK for PTP? Will Traders have to undertake both assessment
No we cannot use the results from CSK for PTP. PTP is under the 1964 Act while CSK is under the 2014 Act. By law,
FAQ: After I’ve activated my eFiling profile for MPRR, I received a message ‘Go to your nearest branch to verify your bank details’. Why must I do this? Is there another way to verify my bank details, as I don’t have the time to go to a branch?
When you’ve activated your eFiling profile for MPRR, it checks the details we already have on the system, and if there is a difference in
FAQ: After successful completion of the CSK test, who retains accreditation between employer and employee?
Accreditation will remain with the employee and they can take it with them to their next job.
FAQ: After the initial roll-out, how long thereafter can clients start to book tests again?
After the initial roll-out, SARS will determine a date, in relation to its capacity, and announce when the next round of tests can be undertaken.
FAQ: All my tax products are not displayed on my ERC01/MCP?
If your ERC01 form or MCP does not display all the relevant tax types, you must make use of the ‘Merge’ functionality on eFiling.
FAQ: Am I as the employee limited in my career mobility if my employer does not release me on the CSK registration portal?
No, the system allows for either the employer or employee to de-link themselves on the system.
FAQ: Am I required to submit an income tax return if I am a South African resident but I work overseas and I do not earn other income from a South African (SA) source except for exempt interest income from a South African source?
If you are a tax resident of South Africa, you are subject to tax on worldwide income, irrespective of where the income is earned. You
FAQ: Am I required to submit an income tax return if I am a South African resident but I work overseas and I do not earn other income from a South African (SA) source except for exempt interest income from a South African source?
If you are still a resident in South Africa, all residents are taxed on worldwide income irrespective of where the income was earned. If you
FAQ: Are capital distributions subject to Dividends Tax?
Pure capital distributions are not dividends for tax purposes, and hence no Dividends Tax liability arises. However, if a portion of a capital distribution constitutes
FAQ: Are medical schemes exempt from Dividends Tax?
Yes, medical schemes registered under the Medical Schemes Act of 1998 are exempt (provided the required declaration is submitted) as they fall within the definition
FAQ: Are products that do not contain nicotine liable for this tax?
Zero nicotine/ nicotine substitute vaping solutions are liable for vaping tax at the same rate as nicotine containing vaping solutions. If in doubt about your
FAQ: Are provisional tax payments refundable?
No, provisional tax payments are not refundable. Such payments will be set off against the liability for normal tax for the applicable year of assessment
FAQ: Are Public Institutions required to register for other tax products?
Public institutions that have employees that are paid over the tax threshold will have to register as an employer for employees tax. For VAT, a
FAQ: Are Public Institutions required to submit annual returns?
Yes. Public institutions will have to file annual income tax returns.
FAQ: Are supporting information required for an objection?
Yes. The taxpayer must attach supporting information to substantiate the grounds for the objection. The taxpayer can select the following reasons on the NOO form
FAQ: Are the Employee SIC7 and SEZ codes mandatory on e@syFile™ Employer?
If you have claimed the Employment Tax Incentive (ETI), the Standard Industrial Classification (SIC7) and the Special Economic Zone (SEZ) codes are mandatory and must
FAQ: Are there any additional requirements to be met by an approved Venture Capital Company?
Yes. The company must satisfy the following additional requirements after the expiry of 48 months commencing on the first date of the issue of venture capital share:
FAQ: Are there any changes to the penalties and interest rules for provisional tax?
No, the current penalties and interest rules for provisional tax still apply.
FAQ: Are there any exemptions applicable to Dividends Tax?
Dividends payable to the following beneficial owners could be exempt from Dividends Tax (provided the required “declaration” and “undertaking” are submitted to the company or
FAQ: Are there any limits to the tax deductions that investors can claim?
Yes. From 21 July 2019, investments made by natural persons and trusts will be capped at R2.5 million and for companies, investments will be capped
FAQ: Are there any special tax benefits for investees?
No. The standard tax rules will apply.
FAQ: Are there any special tax benefits for Venture Capital Company’s?
No. The standard tax rules will apply.
FAQ: Are there any tax benefits to the Venture Capital Company incentive?
Yes. Investors can claim income tax deductions in respect of their investments in approved venture capital companies.
FAQ: Are there special licencing/registration requirements?
The following additional supporting documents must be presented with the application (DA 185): Registration certificate of business. Site plan- does not need be a blueprint
FAQ: Are trade unions or stokvels exempt from Dividends Tax?
No, trade unions and stokvels are not exempt from Dividends Tax.
FAQ: As a beneficial owner where can I obtain the declaration and undertaking form for exemptions for completion?
The declaration and undertaking form for exemption can be obtained from the company or withholding agent who issued the dividend to the shareholders (beneficial owners).
FAQ: As our company procures locally manufactured products for the purpose of export, we seek clarity on whether the products being exported will be exempt from excise tax?
Exports by any entity/person is exempt from the payment of the Excise duty through the refund on application of the duties paid, subject to proof
FAQ: By when should I pay SARS if I owe money on my Return?
If your assessment shows that you owe tax to SARS, it is important to pay us on or before the payment due date to avoid
FAQ: Can a Clearing Agent represent Foreign Entity and how?
A clearing agent cannot represent foreign entities. To represent a foreign entity, you are required to be a Registered Agent.
FAQ: Can a company reapply for a Venture Capital Company status?
Yes. If the company takes the corrective steps to rectify the non-compliance that resulted in the withdrawal of the venture capital company status, the company
FAQ: Can a company voluntarily apply for a withdrawal of their Venture Capital Company status?
Yes. The request for withdrawal must be submitted in writing and must include the following information: – The venture capital company reference number or Income
FAQ: Can a Dividends Tax payment still be made without submitting a DTR02 return?
Yes, a payment can still be made without submitting the Dividends Tax return, however, a payment reference number must be requested via the following channels
FAQ: Can a non-local trader use eFiling to register themselves for importer or exporter?
Foreign principals are requested to visit their nearest Customs branch to be assisted with Onboarding and provide the necessary supporting documents related to their client
FAQ: Can a penalty be imposed by SARS if an asset was incorrectly valued by a taxpayer? If so, under which section of the Act?
Yes – section 222 of the Tax Administration Act, 2011.
FAQ: Can a registration for income tax be backdated?
The registration for income tax may be backdated to the tax year you were first liable.
FAQ: Can a taxpayer download an IRP6 return from the SARS website?
No, the IRP6 return will be not be available on the SARS website, therefore a taxpayer will not be able to download the return.
FAQ: Can a taxpayer request for reasons for an assessment?
Yes. SARS has implemented an electronic Request for Reasons process via eFiling and the SARS branches for Personal Income Tax (PIT), Company Income Tax (CIT)
FAQ: Can a taxpayer withdraw a Notice of Objection?
Yes, a taxpayer can withdraw a Notice of Objection. The request must be submitted in writing.
FAQ: Can a taxpayer withdraw a Notice of Objection?
A taxpayer can withdraw a Notice of Objection. The request must be submitted in writing.
FAQ: Can a Trust submit an appeal using the Notice of Appeal (NOA) ADR2 form?
Yes, but only if a Trust objected against an assessment and used the manual Notice of Objection process (ADR1 form) before 20 April 2024. The
