If you accept the proposed auto assessment results, SARS will automatically submit a tax return on your behalf, and issue a notice of assessment (ITA34). Does your salary include contributions to a pension, provident fund or RAF? Question -What is the timeframe to accept auto assessment? Question -Why are the amounts between the SMS and SIM01 different? Age. Question - How long does a verification take? If you accept the outcome, you do not have to complete a return because we would have done that for you. Answer - If you agree with the details of the auto assessment; click the “Accept” button. Question - What happens if I do NOT get an SMS? If you accept the results of your auto-assessment and if there is a refund due to you, the refund will be paid by SARS. Take control of all your business processes with a unified business management suite from ERP, financials, operations and payroll & HR. Answer - In most cases a verification should be concluded within 21 business days from the date all required supporting documents are received. The first code will be returned when you submit your return, the code in brackets will be returned when a tax calculation is requested. Our updated and free online salary tax calculator incorporates the changes announced in the Budget Speech. Simply enter your current monthly salary and allowances to view what your tax saving or liability will be. Pension Fund Retirement Annuity. Question - How long will it take to receive my refund if it showed an amount due to me (minus sign next to the amount) after I’ve accepted it? Learn how thousands of businesses like yours are using Sage solutions to enhance productivity, save time and drive revenue growth. Once you are satisfied with the information declared, click on the “submit” button. Click “Continue” to view the results and summary of the underlying data used for the auto assessment. The Tax Directive number … To access the ITA34, click on the “View Assessment” tab on the eFiling Menu. See all the information on how to request your tax reference number. Can you calculate how tax will affect your pocket? Join a medical aid scheme: Receive a fixed monthly tax credit for you as a primary member if you contribute to a Medical Aid. Question - I didn’t receive an auto-assessment SMS but see my return is available on eFiling or should I wait for 1 September? A confirmation message will be displayed, click on “Confirm” to complete the auto assessment process. See our 2020 Filing Season webpage for the deadlines. Basic Salary. If you are not registered for eFiling or you would like to download the SARS MobiApp, watch our helpful tutorial videos on the. What is your total salary before deductions? Other Allowances. Taxpayers who file online via eFiling or the SARS MobiApp must file on or before 16 November 2020. If you have received a SMS from SARS, watch the easy steps in our videos on how to: We auto-assess based on the data we receive from employers, financial institutions, medical schemes, retirement annuity fund administrators and other 3rd party data providers. You may request a physical walk-in appointment through the 0800 11 7277 number for assistance other than filing your Income Tax Return (closed 22 October). How to calculate what your Tax Refund will be when you submit your tax return to SARS Tax Refund. Calculate your SARS income tax for 2020 Calculate what your income will be after tax for the 2019/2020 tax year, and view our great video about how to save on tax. Travel Allowance. Explore various solutions for your practice or your clients, Effortless Accounting & Payroll for all your clients, Use our directory to locate a certified expert, Explore all Sage Partner Programme opportunities, Sign up to become a certified partner today, Sales and marketing tools, support and more, Developers and independent software vendors, Browse all software, stationery, add-ons, and training, When it comes to stationery, we have something for every business, Self-study training courses for Sage software, Access support articles and product documentation, as well as the latest software downloads and updates, Ask questions and share product tips and tricks, Downloads the relevant prerequisites for your software, Check out the latest resources and information. Question - I received this error message after editing my auto assessment? 4482 – IRP5 L/S AMOUNT MISSING.'. Add as a plugin or widget to any website! Answer - Medical aid contributions and additional medical aid expenses are included on Rebate under Tax Calculated. Leading cloud-based financial management and accounting software. Question - I cannot reach the SARS contact centre? Share your compliments or suggestions with us. 2016 (1 March 2015 - 29 February 2016) Weekly tax deduction tables Fortnightly tax deduction tables Monthly tax deduction tables Annual tax deduction tables Answer - Error message: 'Filing confirmation - Your ITR12 could not be processed. This must be the entire amount, including all benefits, that your boss pays you. SARS Income Tax Calculator for 2021 Work out salary tax (PAYE), UIF, taxable income and what tax rates you will pay. Answer - You have time to accept the auto assessment until 16 November 2020. During August, we have assesed a significant number of taxpayers automatically. Question -What does this error message mean? Provident Fund. Run your entire business, including finances, sales and inventory with anytime access with cloud connected functionality. Does your salary include money for a travel allowance? This appears as source code 4001, 4003 or 4006 on your IRP5. Manage inventory, invoicing, cash flow, VAT, payments & more, from any device in the cloud. No physical walk-in appointments may be booked through this option. Donate to a charity: You can donate up to 10% of your taxable income to a SARS registered charity and claim a tax deduction on this donation. This appears as source code 3701 on your IRP5. Under 65 Between 65 and 75 Over 75 Income. What does this mean?Answer - When a taxpayer submits a return and a lump sum had accrued to the taxpayer during the year, the system may create a rejected return due to variable reasons as a result of mismatching information between the IRP5 declared by the taxpayer and the tax directive. So if you have a Pension fund, and not a Retirement Annuity Fund for example, it’s the correct code. When you receive this error, call 0800 00 7277 or make an appointment to see a Branch agent. These amounts are paid out of your own pocket, not from your salary. Get further credits for your first dependent and additional dependents. Question - After receiving the Auto-Assessment SMS from SARS, when I login to eFiling, what do I do? Answer - You may file now, no need to wait for 1 September. With Sage you can. Answer - Click on the left menu on “Return Issued”, then “Personal Income Tax (ITR12)”, then on the top right, click on “Request Return” for the year 2020. Answer - No, a negative amount indicates that a refund is due to you. Some taxpayers may receive communication prior to 1 August 2020 indicating why they will not be auto-assessed, or alerting them to their 2019 return submission findings. Accounting, inventory & payments. Question - What if I disagree with the auto assessment results or the information used by SARS? Answer - Taxpayers can file right now. Failure to do so may result in SARS raising an estimate assessment. Question -If I agree with Auto-assessment, what should I do? Employee Age. Taxpayers who cannot file electronically can file at selected branches from 1 September – 22 October by appointment only. Answer - You have the option to edit and updated with additional information before submitting. View what your tax saving or liability will be in the 2018/2019 tax year. A pop-up message will be displayed informing you of the auto assessment results. SARS Salary & Income Tax Calculator 2019 | Sage South Africa Answer - Click on the “Edit Return” button to amend the return. SARS will provide you with a prepopulated return that you can edit and submit. Question - What happens if you don’t accept your proposed auto assessment? Answer - If you have received a SMS from SARS, watch these easy steps in our videos on how to view the auto assessment on eFiling or on MobiApp. Additional information will be required to be uploaded as supporting documents.
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