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Does -10c balance mean I'm not owed? I know I have been paying tax.

Posted 29 August 2013 under Tax Q&A


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Hi Tim! I submitted my tax return for 2012 and 2013 last week Friday. I wanted to claim in case I was owed. Afterwards I got an email and an SMS saying -10cents due. What does it mean?

This entry was posted in Tax Q&A and tagged , , , , , . Bookmark the permalink.

TaxTim TaxTim says:
30 August 2013 at 0:21

It means that 10cents is due as a refund to you, but because it is under the R100 threshold you will not receive payment. Instead it will be credited to your account and offset against your next year's tax payment. You will even earn interest on it.


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Need help
submitting your
Tax returns?


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 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

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