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When does a company qualify for a refund from SARS?

Posted 23 July 2015

Cindy says:
23 July 2015 at 14:06

If a company makes a loss does SARS refund them some of the expenses? Otherwise when does a company usually receive a refund from SARS?

TaxTim TaxTim says:
23 July 2015 at 14:07

No SARS will not refund any money, but will carry this loss forward to the next year to set off against future profits and thereby reduce tax.

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