FAQ Blog Calculators Students Logbook Contact
BETA
The new dashboard is here, and you’re invited.
Get early access to a faster, smarter experience. Beta users save 50% – limited spots available.
TRY IT NOW


Penalties deducted from pay out?

Posted 22 March 2016

Rather said:
22 March 2016 at 12:23

I looked on the SARS eFiling and it stated that I should pay them a big amount of money (I assumed it was for late tax returns). A week later they paid out a small amount, after a consultant said we do not owe anything on their system. Am I correct in assuming that they deducted the penalties from the tax returns and paid out what was left? Or should I still be worried about that letter?

TaxTim Nicci TaxTim Nicci said:
22 March 2016 at 15:51

They usually deduct the penalties and if SARS says that nothing is owing anymore then that should be ok.

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.