PROVISIONAL TAX IN SOUTH AFRICA
PROVISIONAL TAX IN SOUTH AFRICA Any individual who earns an income other than, or in addition to, a salary is a provisional taxpayer. Companies, Close Corporations and Trusts are also considered to be provisional taxpayers. There are, however, exemptions for individuals who earn income from other sources, such as: Income from a tax free savings […]
PROVISIONAL TAX – 28 FEBRUARY 2019
Provisional tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not remain with a large tax debt on assessment. Provisional tax allows the tax liability to be spread over the relevant year of assessment. It requires the […]