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TaxTim says: 2 July 2014 at 22:40 SARS released a statement saying that anyone who earns income less than R350 000 and has NO deductions or any other income need not submit a tax return. However, if you have deductions like Medical Expenses, OR if you changed jobs, OR worked for less than 12 months this year then there is a GOOD chance that you are due a tax refund. We advise you to always be tax compliant as this is important when applying for a bond, home loan, other finance or taking money outside of SA, all of which require a Tax Clearance Certificate. |
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Costanza says: 3 July 2014 at 10:01 SO you mean to say that if I earned income, and it was below R350 000, and I DIDN'T file a tax return then I would miss out on the tax refund that is due to me, had I filed? So they keep my tax refund essentially? Is this how they are making their revenue targets this year?? AND by not filing I would be ineligible for a bond on a house, or car loan? |
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TaxTim says: 3 July 2014 at 10:04 Only if you are due a refund would you be entitled to one and there are various deductions / scenarios that do / do not result a refund. The only way to know for sure is to file your tax return. For example, if you worked 10 months of a year, but your PAYE was calculated as if you worked a full year (often the case because nobody knew you were leaving) then you would be due a refund, and if you didn't file then Yes that money would not be returned to you. By not being tax compliant you would not be issued with a tax clearance certificate from SARS which means when you apply for things like bonds or taking money overseas you would not be successful. |
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Costanza says: 3 July 2014 at 10:15 Sjoe! All I can say is THANK GOD FOR TAXTIM! I will be filing my return regardless of what they say - I want my refund. Thank you so much!!!! |
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TaxTim says: 17 October 2014 at 10:58 Only a pleasure! To see if you might be due a tax refund, try our Tax Refund Calculator. To see if your personal situation requires a tax return to be filed, click here. To file your tax return the quick and easy way, use TaxTim today! |
