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Tax Payable

Posted 25 June 2015 under Tax Q&A
Klontjie says:
14 June 2015 at 8:38

Hi Tax Tim, What if tax was deducted from my salary, but I did not need to pay tax?

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TaxTim TaxTim says:
15 June 2015 at 14:17

If you were not liable to pay taxes on a annual tax return, Inland Revenue will most likely credit your tax account, once the return is assessed. If the credit is more than N$100,00 the amount will be refunded into your bank account. Please ensure your bank account details are up to date with Inland Revenue. On the last page of your tax return a refund is reflected as "CR" with the amount.

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