FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


If our company makes a yearly loss of R9233899.00 . how is the tax refund is calculated?

Posted 10 February 2016

Nat says:
10 February 2016 at 8:16

If our company makes a yearly loss of R9233899. 00
how is the tax refund is calculated?

TaxTim TaxTim says:
10 February 2016 at 9:05

There will not be a refund, but the taxable loss will be used to offset your future income earned thereby reducing future taxes.

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



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.