Confusing situation with SARS calcs methodology

By Marc Sevitz · Updated 11 December 2014

SARS - Why is an "original assessment" ITA34, positive amount, taken into consideration in the final SOA, even though a final "after a correction" ITR12 submission calculated to a negative reduced amount?What is the use of requesting and allowing a "request for correction" then in the first place?Shouldn't the final submitted ITR12 negative result (after corrections) be the only assessment that counts and be taken into account in calculations of your final SOA?

TaxTim Marc said:
14 December 2014 at 11:21

Each assessment takes into account the result of the previous one and the SOA is the result of all the ITA34's. The second assessment you received will be a "reduced assessment" which shows that the taxes owing to SARS are less, not that now your assessment shows a refund due to you.