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What does the "-"before the calculated tax amount mean?

Posted 16 July 2013 under Tax Q&A


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I am trying to submit my SARS tax return and when I selected the calculate button it gave me a breakdown of income etc. My question is though, my calculated tax result says -R4568. What does this mean? Do I owe the South African Revenue Services this money or is this money due to me?

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TaxTim TaxTim says:
17 July 2013 at 15:39

It means this is money owed to you as a refund.


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help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

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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!