• Accounting,  Tax

    Provisional Tax

    Provisional tax forms, called an IRP6, have to be submitted twice a year. The first one before 30 August, and the second one by 28 February. The purpose of these forms are to assist government with their cash flow throughout the year. The calculation is based on the projected profit for the current financial year. So the form that has to be submitted before 30 August 2019, will be based on the projected profit for the financial year ending 28 February 2020. The tax paid with these forms will then be deducted from the tax calculated on the financial statements after year end. It is important to do these calculations…

  • Tax

    Provisional tax

    The deadline for provisional tax returns is 28 February 2019. This is for the priod 201902, this from 1 March 2018 to 28 February 2019. And is an estimation of the taxable income for the financial year. All businesses should submit these returns, as well as individuals who are registered for provisional tax. Failure to submit, leads to a penalty for under provision of tax when the annual tax return is submitted. Contact us

  • Tax

    Provisional tax – Individuals

    Remember that the tax deadline for individuals who are registered for provisional tax is 31 January 2019.  We can assist at R250 per tax return.  Please note that audits and the compilation of supporting documents are invoiced additionally.  For more information regarding provisional tax, read here. Contact us

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