FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


What does 'transaction reference' 2 mean on my ITSA?

Posted 24 July 2013

I submitted documents for review and received a completion letter on 17 July 2013, stating that no adjustment has been made to my original assessment (SARS owes me) however, on my ITSA it shows a date of 2013-08-01 with transaction reference 2 and then the transaction value still showing that SARS owes me. What does this mean and how long before they would pay me out? I don't have my own bank account but has registered my mother's bank account on my first ITR12 that I've done last year and that amount also still has not been paid out to me?

TaxTim TaxTim says:
24 July 2013 at 19:50

You would need to have your own bank account in your own name for payment to be made to you unfortunately. SARS do not pay into other accounts.

Reference 2 is a SARS reference which they use to understand that a refund is due to you and you don't need to worry about it. However you must get a bank account in order to receive your refund,

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.