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TaxTim says: 4 July 2013 at 22:25 This means that whatever was calculated on your original assessment remains the same with no changes! You don't need to do anything further. |
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Sjumbana says: 4 July 2013 at 22:44 Thank you, it's a relieve knowing I don't have to do anything further. One last question(I think). The IT34 I received reads: "Thank you for submitting your income tax return for the 2013 year of assessment. Your assessment has been concluded and reflects an amount payable by you of R 387.68 . Payment should be made by 2014-01-31 after which interest will accrue on this assessment as from 2013-08-01 Please note that this amount only reflects your income tax assessment and does not reflect tax payable under any previous assessment or any other balances on your account. The current balance on your assessed account is R -8338.34. For a statement reflecting your final balance (including all amounts payable or refundable under any previous assessment, refunds, payments, additional taxes/ understatement penalties, penalties and interest), please request your statement of account from SARS through the following channels. What does this all mean? |
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TaxTim says: 8 July 2013 at 9:42 It SARS' way of confusing taxpayers, but what it means is that although for is year you owe them R300, overall they owe you the R8800. |
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