FAQ Blog Calculators Students Logbook Contact
Do your tax with TaxTim and WIN R10,000  T&C's apply
How do you currently do your tax?
SARS eFiling Tax Practitioner Auto-assessment New to tax


Negative amount on my SARS statement

Posted 30 March 2022

Q: Negative amount on my SARS statement

Ayanda says:
30 March 2022 at 17:58

Must admit I don't understand tax. I now have a negative amount on the statement of accounts balance. What does it mean?

TaxTim TaxTim says:
30 March 2022 at 7:57

  A: The minus sign means that according to their records you owe a negative amount i.e. SARS owes you a refund. Normally, if you’re owed a refund, this will be electronically processed and usually reflects in your bank account within 2 – 3 days of the ITA34, assessment being issued. There are instances when your refund isn’t released immediately. If you’re expecting a refund and it doesn’t show in your bank account more than a week after receiving your ITA34, then you may want to look into one of the following reasons as a possibility for the delay.
  • Audit/ Verification
  • Banking Details
  • Outstanding Returns
  • Unpaid Balances
Please see our blog for more details here https://www.taxtim.com/za/blog/when-will-i-get-my-refund-from-sars Follow these steps and you'll be able to view a summary of any tax amounts owing or refunded to you.
  • Click on the RETURNS tab in the menu of eFiling;
  • Click SARS correspondence.
  • Click Request Historic IT notices.
  • Click Statement of account; and
  • Select your date range.
This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.




Submit your tax return right here!

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.