Blog Q&A Calculators Students Logbook Contact
Only 1 Days Remaining of Tax Season 2017! Click here to file your tax return with TaxTim now.

When will I receive my tax refund?

Posted 16 July 2013 under Tax Q&A


235 DAYS
LEFT OF
TAX SEASON
2017


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 →
I have submitted my returns and was selected for audit. SARS requested additional documents which I provided. I received an assessment and some of the deductions were not included, I then submitted notice of objection. I received a revised assessment this morning and it reflects a negative amount. The statement of account also shows that a refund is 30 days due. When can payment reflect in my account?

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

TaxTim TaxTim says:
22 July 2013 at 16:52

When you make an objection and the objection is accepted, SARS sends out a second revised assessment / IT34A. The problem is that the second assessment assumes that payment for the first has already been completed, thus if you were due a refund before and now your refund is less - SARS will reflect a rather confusing owed amount (they assume you have been paid the bigger first amount). Ultimately though they reconcile the values and your net refund should arrive in your account in a few days time.

For example:

First IT34A (before audit):
SARS says: ?%u20AC%u0153Your assessment has been concluded and reflects an amount refundable to you of R-16 636.10?%u20AC?
SARS owes you R16.6k as per your assessment. The minus sign means that according to their records you owe a negative amount i.e. SARS owes you.

Second IT34A (after audit):
SARS says: ?%u20AC%u0153Your assessment has been concluded and reflects an amount payable by you of R10 662.00.?%u20AC?
You think ?%u20AC%u0153Oh no!?%u20AC?, but ignore this and continue reading to the bottom?%u20AC?
SARS continues: ?%u20AC%u0153The current balance on your assessed account is R -5 974.10.?%u20AC?
Now that SARS has completed the audit, they have made changes to how much you should be refunded and now agree to refund you only R5.9k.

The best way to get clarity and see the combined total (what is the net amount actually owed to you) is to request a new ITSA ?%u20AC%u201C a Statement of Account. This can be done by following the easy steps below on SARS eFiling, visiting your local SARS branch or calling the SARS Contact Centre on 0800 00 SARS (7277).

1. Click on the RETURNS tab in the to menu of eFiling;
2. Click SARS correspondence;
3. Click Request Historic IT notices;
4. Click Statement of account; and
5. Select your date range.

Follow these steps and you?%u20AC%u2122ll be able to view a summary of any tax amounts owing or refunded to you. The final amount will be the overall refund.


Get SARS Tax Dates and Deadlines in your Inbox
 

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

Blog Categories


235 DAYS
LEFT OF
TAX SEASON
2017


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