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Gert said: 24 January 2024 at 12:32 I can't successfully submit my tax due to a sec20A response from SARS eFiling, do you have any idea what this means? |
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TaxTim Alicia said: 24 January 2024 at 13:42 Section 20A relates to an assessed loss. Did you declare any losses in previous tax years? If so, Section 20A would relate to those prior-year losses. If SARS eFiling is reflecting an incorrect amount, or if the loss shown is not relevant to you, there should be an option to remove this section from your tax return. Look for a small tick box at the top of the Section 20A area and tick it to remove the section. However, if you do recall having this loss, consider whether you earned any income from that trade during the current tax year. If yes: You must complete the income portion and declare the related expenses. SARS will then either offset your previous assessed loss against this year%u2019s income or carry over the new loss to the next tax year. If no: The prior loss may simply be carried forward, you'll see this on your ITA34 as soon as you file your tax return. |
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