Income Tax Refund Received

[Tarryn]

Hi

We have received a income tax refund from SARS.
What are the journal entries to capture the refund?

[Marq]

Your original recording of the net of the tax calculation entry would have been :-
Dr - SARS
Cr - Income Tax account.

Now you have received the cash so its:-
Dr - Cash
Cr - SARS

[Tarryn]

Well our accountant didn't give me any information about our IT and I have to know do journals to capture it

The income tax account is that the "expense acc" Or "current Liability" account I must CR
SARS account I am assuming you mean the Vat Control Acc 9500/000 ???

[Marq]

Income Tax is different to VAT. Your first post mentions income tax refund - this is different to a VAT refund. If it is a VAT refund then it is the VAT Control Acc.
I would suggest you ask your accountant for the entries and that he help you through what should be done.