All companies with a February year end, have to submit a company tax return to SARS by 29 February 2020. This return is for the year ending 28 February 2019. In order to submit the tax return, a set of financial statements has to be compiled. This information is used to submit on the tax return. We can also assist in submitting a tax return for dormant companies, i.e companies who have not traded during the period 1 March 2018 to 28 February 2019. Contact us for assistance.
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. Contact us now
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