FAQ: When must provisional tax be paid?
The due dates for provisional tax payments are: First period: This payment must be made within six months from the commencement of the year of assessment Second period: This payment must be made no later than the last day of the year of assessment or approved financial year-end date Third period: Also known as “additional” […]
FAQ: Who is not a provisional taxpayer?
An individual is not a provisional taxpayer if that individual does not carry on any business and the individual’s taxable income – will not exceed the tax threshold for the tax year; from interest, dividends, foreign dividends, rental from the letting of fixed property and remuneration from an unregistered employer will be R30 000 or […]
FAQ: Who qualifies as a provisional taxpayer?
With reference to the definition of a provisional taxpayer in Paragraph 1 of the Fourth Schedule of the Income Tax Act No.58 of 1962, a provisional taxpayer is: Any person (other than a company) who derives income – other than remuneration or an allowance or advance as contemplated in section 8(1); or that is remuneration […]
FAQ: Are provisional tax payments refundable?
No, provisional tax payments are not refundable. Such payments will be set off against the liability for normal tax for the applicable year of assessment and, if the tax paid is in excess of the finally determined tax liability, the excess may be refunded if all the taxpayer’s tax account are up to date.
FAQ: What is the purpose of provisional tax?
The purpose of provisional tax is to allow a taxpayer to pay income tax during the tax year in which the income is earned. It is an advance payment of a taxpayer’s income tax liability. By paying the provisional tax amounts due, the taxpayer will avoid large amounts of tax due on assessment, as the […]
FAQ: How is the income of a Trust taxed?
A Trust is currently taxed at 45% with the exception of a Special Trust that is taxed on the sliding scale applicable to individual taxpayers. A Special ‘Type A Trust’ should apply at the SARS branch for classification as it qualifies for certain relief from Capital Gains Tax. It is important to note that the […]
FAQ: How do I download the SARS eFiling App?
For Apple devices, the following steps must be followed to download the SARS eFiling App from the App Store: Open the APP store by tapping on the App Store icon on the springboard. Enter “SARS eFiling” into the Search box. Tap on the SARS eFiling App search result. Tap on FREE. Tap on INSTALL APP. […]
FAQ: Will the Call Back functionality be available to all taxpayers?
No, it will only be available for taxpayers registered on eFiling.
FAQ: Will I be able to access the SARS Help-You-eFile session when I’m on the Smartphone App?
No. You won’t be able to access SARS Help-You-eFile session when you’re on the Smartphone App.
FAQ: How does the Controlling Body become recognised?
Controlling bodies wishing to apply for recognition can see how to on our webpage for controlling bodies and complete the RRC01 – Recognition as a Recognised Controlling Body Application – External Form. Application forms along with the necessary supporting documents must be forwarded to or dropped off at the tax practitioner unit.
