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How will the last year tax returns affect the new year if its not paid?

Posted 17 November 2015 under Tax Questions



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Debs says:
17 November 2015 at 8:57

If I have an outstanding amount to pay, will it affect the new year tax returns?

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TaxTimTaxTim says:
17 November 2015 at 19:40

There will be a penalty and interest charged on the outstanding amount if it is past its due payment date.
This will be carried forward and and will continue to accrue interest until it is settled.
You can request a Statement of Account in order to see the amount that is outstanding.

If you file a current year Tax Return and have a refund due to you, this won't be paid by SARS until you settle the outstanding amount.


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