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Penalties deducted from pay out?

Posted 22 March 2016 under Tax Questions



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Rather says:
22 March 2016 at 12:23

I looked on the SARS eFiling and it stated that I should pay them a big amount of money (I assumed it was for late tax returns). A week later they paid out a small amount, after a consultant said we do not owe anything on their system. Am I correct in assuming that they deducted the penalties from the tax returns and paid out what was left? Or should I still be worried about that letter?

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TaxTimTaxTim says:
22 March 2016 at 15:51

They usually deduct the penalties and if SARS says that nothing is owing anymore then that should be ok.


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