What is an IRP5 Tax Certificate? (Bonus point at the end)

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In this video, Tumelo Makgakga CA(SA), RA answers the question "What is an IRP5 tax certificate?" #SARS #Tax
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Опубликовано:

10 май 2024

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Комментарии : 16

@nompumelelorihlampfu9731 2 месяца назад

This is helpful. It actually answers questions I had about the whole IRP5 document. Thank you

@firstplacetv8483 2 месяца назад

Thank you so much. Happy to help.

@credenceresidentialpropert8835 2 месяца назад

Thanks for sharing

@celeayanda4150 18 дней назад

Thanks for this informative post. Please advise if you have an outstanding return for 2023 however you had been auto assessed for the year 2023.

@firstplacetv8483 17 дней назад

You mean auto assessed for 2024? You still need to submit the outstanding return. Note that you may incur admin penalties for the outstanding return so better to attend to that ASAP.

@siphoowen2801 16 дней назад

Ola Tumza look man, if SARS request my outstanding returns of 2017 and my IRP5/IT3 information is missing on my efiling profile who to call from my Employors 1st Employer i worked from 4 July 2016 - 29 Sep 2017 2nd Employer i worked from 2 Oct 2017 - 30 Sep 2018 Who to call between the two Employers to inquire about the missing information?

@firstplacetv8483 16 дней назад

Greetings, thanks for the message. You will need to contact the 1st employer for the 2017 and 2018 IRP5s and you will also need to contact your 2nd employer for the 2018 and 2019 IRP5s Because the tax year of assessment runs from 01 March to 28 February each year you will have multiple IRP5s for 2018 based on the info you provided above.

@siphoowen2801 15 дней назад

@@firstplacetv8483 All done and sorted Tumza Thank you. Last question. If my ITSA show balance -XXXXX.00 but the Account Balance on the home page show R0.00 what does that mean?

@sifisofidonhlapo638 Месяц назад

What do i do if the IRP5 that shows on the SARS efilling website is from the previous employer and the new IRP 5 from the new employer doesnt show on the website? Changed jobs from July 2023

@firstplacetv8483 Месяц назад

Thanks for the question. If you changed jobs in July 2023 then you will see the two IRP5s when you do the 2024 Year of Assessment return (29 Feb 2024). You will only see one IRP5 from the old employer on the 2023 Tax return (28 February 2023). Keep in mind the tax year for individuals runs from March to February in South Africa.

@xolanithusi7088 Месяц назад

How to check on the IRP5 if your owing Sars or sars is owing you and how much you'll get?

@firstplacetv8483 Месяц назад

You will have to submit your tax return to find out if you owe SARS or they owe you. An IIRP5 summaries the taxes withheld by your employer during the tax year.

@athingxazozo208 26 дней назад

I was employed for 12 by my previous employer (Started 1st March 2023 until end of Feb). I have another employer now. Will my previous employer submit my IRP5 tax certificate?

@firstplacetv8483 26 дней назад

@@athingxazozo208 Yes they should do so when they do the 2023/24 annual employer reconciliations for the whole company. You can request it from them.

@JohannesMasemola 8 дней назад

I have been working with Company since 2016 January till April 2024,he don't want to give me IRP5, now I need your advice from you, please 🙏 what can I do

@firstplacetv8483 8 дней назад

@@JohannesMasemola Thanks for the message. Do you know if the company is registered with SARS? Were statutory deductions withheld from your monthly salary?