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Why they can't give you all tax return if u applied

Posted 24 May 2015 under Tax Questions

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Sfilande says:
19 May 2015 at 23:50

I want to know that is right time to submit IRP5 and I want to know about the money that was from pension fund for my previous companies can get also to my tax return for this year?

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TaxTimTaxTim says:
20 May 2015 at 8:43

The right time is beginning July 2015 until end November 2015. Why do you feel you should receive your tax back from SARS? Did you receive a big payment from those pension funds already, are you wanting the tax back that you paid?

You only receive tax back when you have overpaid according to the law. A tax return is a form you fill in to give to SARS and a tax refund is when the taxes paid is greater than the taxes owing. It isn't something everyone gets each year.


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