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How do I know whether I am getting money back or paying?

Posted 17 September 2012

I submitted my tax form and on my notice of assessment it shows "Net amount refundable under this assessment after allowable credits" as R-0.03 however when I request a statement of account it shows a refund amount of R-3111.86. I am very confused - am I getting R3111.86 or 3 cents?

TaxTim TaxTim says:
5 September 2012 at 9:34

Was the Notice of Assessment a revised assessment or the first one? If your statement of account shows a refund amount then this is what will be paid out as long as you have no outstanding returns for prior years.

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