Provisional Tax 2020

The provisional tax forms for 202002 period must be submitted to SARS before 29 February 2020. This is applicable for all companies with a February year end. The calculation is based on the turnover for the company for the period 1 March 2019 to 29 February 2020.

The calculation thereof must be as accurate as possible to avoid penalties by SARS. A penalty is given if the provisional tax is lower than the figure on the final tax return for the year.

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