When does a company qualify for a refund from SARS?

By Evan Robinson · Updated

Cindy

Cindy said:
23 July 2015 at 14:06

If a company makes a loss does SARS refund them some of the expenses? Otherwise when does a company usually receive a refund from SARS?
TaxTim Evan

TaxTim Evan said:
23 July 2015 at 14:07

No SARS will not refund any money, but will carry this loss forward to the next year to set off against future profits and thereby reduce tax.