Provident fund doesnt work on my return???

By Marc Sevitz · Updated

Adriaan

Adriaan said:
31 July 2015 at 10:53

When I looked at my ITA34 Statement, it looks like my provident fund didnt pull though meaning it didnt get assesed amd calculated, now I owe SARS money. Is there a way of checking that out?

TaxTim Marc

TaxTim Marc said:
31 July 2015 at 16:10

Provident Fund deductions unfortunately are not tax deductible for the 2015 year and so would not have reduced your tax payment. I see you earn commission, did you have a tax directive?
Adriaan

Adriaan said:
31 July 2015 at 16:41

No I don't have a tax directive,

So even though on my ITA34 it shows R0.00 amount assesed by the Provident Fund, it won't change anything?

Sorry if I sound dumb. But im new to tax
TaxTim Marc

TaxTim Marc said:
31 July 2015 at 20:38

Unfortunately not, provident fund deductions will only become tax deductible for all years after 1 March 2016 which will then lead to a possible refund. Only deductions to pension funds and retirement annuity fund are deductible.