1 April 2022 at 22:38
Negative tax refund, e. G. -R11 000, do I owe SARS or is it money due to me?
1 April 2022 at 9:44
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.