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IT34 account balance and due date ?

Posted 4 December 2014

Hi Tim, on my IT34 ist states:"Thank you for submitting your income tax return for the 2014 year of assessment. Your assessment has been concluded and reflects an amount refundable to you of R -14206.18"and then Due Date 2015-01-012nd Date 2015-01-31. I understand that is most probably a refund from SARS, but then they state they want to do a further assessment. What is the normal turn around time for this? Can I expect my refund before 2015-01-31?

TaxTim TaxTim says:
9 December 2014 at 8:21

The dates are just formality for amounts owing to SARS in the case where there isn't a refund. Have you received your refund now?

Gerhard says:
9 December 2014 at 8:37

Hi, No, I have not received my refund as yet.

TaxTim TaxTim says:
9 December 2014 at 8:55

Were you selected for audit, if not then please contact 0800 00 7277 to find out what the delay is.

Gerhard says:
9 December 2014 at 9:12

Yes, I was selected for Audit. My return was filed in August, and SARS sent me the IT34 end of November.

TaxTim TaxTim says:
9 December 2014 at 15:35

They need to send you a letter of completion as well, but I suggest calling them as there may be an issue with your banking details or your refund needs to be escalated.

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