Originally Posted by CLIVE-TRIANGLE
Hi thanks for the responses:
Ok where to start:
2007: RA of R 1,838.00 was paid for the year.
2007.1 No Income
2007.2 Original Assessment issued and stated "Deduction may not cause/increase a loss - carried over" R 1838.00
2007.3 Additional Assessment - No deduction was permitted)
2008: RA of R 1,929.00 was paid for the year.
2008.1 No Income
2008.2 Original Assessment issued and stated "Amount b/f from previous year" R1,838.00 and Amount c/f to next year R 267
"Deduction may not cause/increase a loss - carried over - R 3 500.00"
2008.3 Additional Assessment - No deduction was permitted
2009: RA of R 2,026.00 was paid for the year
2009.1 Income of R 1,580.00 (Non retirement Funding-NRFI) 15% = R 237.00
2009.2 Original Assessment issued and stated "Amount b/f from previous year" R 3,736.00 and Amount c/f to next year -R 2,293.00
"Deduction may not cause/increase a loss - carried over -R 1 920.00
2009.3 NO Additional Assessment Issued??
2010: RA of R 2,127.00 was paid for the year
2010.1 Income of R 14,876.00 (NRFI) 15% = R 2,231.40
2010.2 Original Assessment issued and stated "Amount b/f from previous year" R 4,213.00 and Amount c/f to next year -R 2,840.00
2010.3 Additional Assessment - Amount b/f from previous year amended to R 446.00
2011: RA of R 2,234.00 was paid for the year
2011.1 Income of R 62,825.00 (NRFI) 15% = R 9,423.75
2011.2 Original Assessment issued and stated "Amount b/f from previous year" R 2,840.00
2011.3 Additional Assessment Received 24-08-2012 - No amount b/f from the previous year, only the R 2,234.00 is permitted as a deduction.
I hope i have elaborated and the overall picture is much clearer now...
A refund was received in 2011; No SARS have issued additional assessments as indicated above for all the years since 2007; excluding 2009.
Now an amount is owed to SARS a year later after all the additional assessments ...
Not quite sure if one should object or merely pay the difference ... ish
Reply With Quote
Did you like this article? Share it with your favourite social network.