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Interest on tax refund

Posted 18 April 2016 under Tax Q&A


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Peter says:
16 April 2016 at 14:37

My tax assessment SARS did not split my rental income 50% as I am married in community of property as was indicated on my tax return, Lodged an objection, but it took so long that I had to pay the incorrect amount in, it was R126,000. My objection was allowed and SARS paid me back the R126,000. But they had this money for 2 months and did not pay me any interest. Should they not pay me interest?, it was there mistake.

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

TaxTim TaxTim says:
18 April 2016 at 11:33

Unfortunately not, this is a problem often raised with SARS, but they have a policy of pay now and argue later which means interest will not be paid on these amounts.


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