1 May 2016 at 11:39
Interest payable on refunds:
I objected against admin penalties incorrectly charged and I am due a refund of R18,000
I objected against a incorrect tax assessment medical expenses not allowed refund of R9,261
I overpaid assessed tax by R7,000
Will SARS pay interest on these amounts owing to me? The admin penalties was initially taken from a refund due to me so they had already been paid.
This entry was posted in Tax Q&A and tagged Salary / IRP5, Medical, Deductions, Rental Income, Penalties, Audit / Verification. Bookmark the permalink.
2 May 2016 at 17:54
Unfortunately not, SARS do not pay interest usually on amounts owing to taxpayers.