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If our company makes a yearly loss of R9233899.00 . how is the tax refund is calculated?

Posted 10 February 2016

Nat said:
10 February 2016 at 8:16

If our company makes a yearly loss of R9233899. 00
how is the tax refund is calculated?

TaxTim Marc TaxTim Marc said:
10 February 2016 at 9:05

There will not be a refund, but the taxable loss will be used to offset your future income earned thereby reducing future taxes.

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