Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.
CLOSE
Maximum Tax Refund 2017

  Make Tax Returns Quick & Easy.
  First time users SAVE 15%!

Click here

What to enter for "creditors", under Assets & Liabilities, on ITR12 form?

Posted 24 November 2014 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

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!

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I earn rental income so am completing an ITR12 form. Under local assets & liabilities, the "creditors" section... does one complete 'all payments made to creditors throughout the tax year' OR the balance of what is owed for the full account OR the current monthly installment owed OR the installment owed for the month at end of tax year..?
Many thanks in advance!

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
24 November 2014 at 20:33

It would just be the amount owed at the end of the tax year.

Sarah says:
25 November 2014 at 8:39

Thank you. The other part of my question was, is it the full balance owing or just the monthly (i.e. Feb 2014) instalment owing?

TaxTim TaxTim says:
25 November 2014 at 9:08

This would be the full amount which is expected to be settled within 12 months.

Sarah says:
25 November 2014 at 9:10

Thanks so much TaxTim! Struggled all over the internet to find this information. Much appreciated!

TaxTim TaxTim says:
25 November 2014 at 9:11

Only a pleasure!


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

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!