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How much I must pay/be paid?

Posted 28 August 2015 under Tax Questions



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Stela says:
26 August 2015 at 16:00

Thank you for submitting your income tax return for the 2015 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -316. 36

Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R 4621. 86. For a statement reflecting your final balance (including all amounts payable or refundable under any previous assessment, refunds, payments, additional taxes/ understatement penalties, penalties and interest), please request your statement of account from SARS through the following channels:

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TaxTimTaxTim says:
27 August 2015 at 10:09

This shows that for the 2015 year you were actually due a refund, however it would appear that you owe tax to SARS for previous years so that is why the balance is R4621.86 - are you aware of this from previous years?


Stela says:
27 August 2015 at 10:52

Very helpful, thanks TaxTim.


TaxTimTaxTim says:
28 August 2015 at 9:52

Only a pleasure!


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