FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


What does a negative tax refund amount mean?

Posted 1 April 2022

Q: What does a negative tax refund amount means

Eza says:
1 April 2022 at 22:38

Negative tax refund, e. G. -R11 000, do I owe SARS or is it money due to me?

TaxTim TaxTim says:
1 April 2022 at 9:44

  A: The minus sign means that according to their records you owe a negative amount i.e. SARS owes you a refund. Normally, if you’re owed a refund, this will be electronically processed and usually reflects in your bank account within 2 – 3 days of the ITA34, assessment being issued. There are instances when your refund isn’t released immediately. If you’re expecting a refund and it doesn’t show in your bank account more than a week after receiving your ITA34, then you may want to look into one of the following reasons as a possibility for the delay.
  • Audit/ Verification
  • Banking Details
  • Outstanding Returns
  • Unpaid Balances
Please see our blog for more details here https://www.taxtim.com/za/blog/when-will-i-get-my-refund-from-sars Follow these steps and you'll be able to view a summary of any tax amounts owing or refunded to you.
  • Click on the returns tab in the menu of eFiling;
  • Click SARS correspondence.
  • Click Request Historic IT notices.
  • Click Statement of account; and
  • Select your date range.
This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.