Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


ITA34- Gives 0.00 as Net amouny payable but tax calculation result is "-18K".



Shri says:
26 September 2015 at 15:38

I submitted tax return (ITR12) for year 2013-2014 via SARS SARS eFiling and calculator shows that amount is -18K. But
ITA34 Notice of Assessment show "0" amount as net payable. What does this mean because I should be expecting 18K refund as per tax calculation pdf generated. Why ITA34 says "Net amount payable under this assessment after allowable credits
Compliance information:0. 00"???? Please help me to understand this.

TaxTim TaxTim says:
27 September 2015 at 15:35

This tax calculator is provided as a service for taxpayers and is intended only as a general indicator of potential income tax liability based on the information captured on your Tax Return - it does not take into account any assessed losses, carry over amounts, additional tax, provisional tax payments, etc. It is not intended to calculate or reflect any final assessed tax legally owed by you or due to you - this will only be reflected in your ITA34 Notice of Assessment when issued.

You need to compare the Calculation Result to your Tax Assessment to see where the difference lies. There must be something not taken into account in the Calculated Result which is included on Assessment.

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




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 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!

Get started

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.