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Balance on assessed amount from SARS, what does it mean?

Posted 15 September 2015

Sigos said:
15 September 2015 at 17:17

What does in mean balance on your assessed amount is R224. 567. 90?

TaxTim Marc TaxTim Marc said:
15 September 2015 at 19:02

The balance on assessment indicates what you owe to SARS or what SARS owes you for the year under assessment. A negative amount means a refund is due to you while a positive amount means you owe SARS money.

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