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Scared because amount refundable to me is negative amount

Posted 23 July 2015 under Tax Questions



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Thomas says:
23 July 2015 at 15:04

I have just submitted my tax and it says the following "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 -11958. 52"

Does that mean I owe SARS R11958. 52?

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TaxTimTaxTim says:
23 July 2015 at 15:14

No, this means that SARS owes you money:)


Thomas says:
23 July 2015 at 15:17

AWESOME! When will I find out if I am being audited?


TaxTimTaxTim says:
23 July 2015 at 20:30

You should know already, you would have received a letter from SARS requesting more documents.


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