We receive a lot of queries from our clients regarding e-mails received from SARS confirming they qualify for a refund. We can confirm it is a scam, and clients should never click on the links provided.
The tax season opens 1 July this year, and after we've submitted the tax return all refunds due to clients will be paid automatically to them. You will receive a notification from our office confirming the refund. If we've submitted the tax return and the refund is not paid out within a week, the reason for the delay is usually the client needs to verify their banking details with SARS.
The only way to verify banking details is to go into a SARS branch and take the following documents:
Certified copy of your I.D.
Proof of residential address (not older than three months)
Original three months bank statement (stamped by the bank)
Also take along the tax assessment we've e-mailed to you to confirm your tax reference number
Remember, the only way to qualify for a refund is when you have paid tax for the year - if you are below the minimum threshold you won't be able to claim back.
You are below the minimum threshold if you've earned below the annual salary of:
R63 556 per annum (for tax year 2013: 1 March 2012 - 28 Feb. 2013)
R67 000 per annum (for tax year 2014: 1 March 2013 - 28 Feb. 2014)
R67 111 per annum (for tax year 2015: 1 March 2014 - 28 Feb. 2015)
If you are above the threshold and pay more than above, your HR department should normally deduct the correct tax amounts each month resulting in a R0 tax assessment - you don't owe SARS and you also won't qualify for a tax refund. People who claim back usually has retirement annuities and/ or substantial medical bills and/ or a travel allowance.
If you want to claim for your travel allowance you must keep a logbook and claim your actual business related expenses.
For any additional information please contact our office.