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provisional-tax
Tax Season 2026 opening date and deadlines
Tax Season 2026 The wait is over! SARS has officially announced the filing dates for the 2026 Tax Season. Auto-Assessments: 1 July – 12 July 2026 Auto-
Read more2026 Tax Season: Why You Should Still File Your Income Tax Return
With the 2026 tax season approaching, many clients have been asking whether they really need to submit an annual income tax return this tax year. Our ans
Read moreProvisional tax in South Africa: what you need before filing your ITR12
If you are a provisional taxpayer in South Africa, it is important to understand what is expected of you before you submit your annual tax return (ITR12). Many
Read moreHow to Estimate Your 1st Provisional Tax Payment
So, it’s that time of year again and SARS wants a payment. But how much are you actually supposed to pay, and how do you even begin to figure that out? Th
Read moreImportant Tax Filing Reminder: Don't Miss the Deadline
If you're a salary-only employee (i.e non-provisional taxpayer), your tax filing deadline is 20 October 2025. But, if you do fall into the provisional taxpayer
Read moreUnderstanding the Assets and Liabilities Section in Your Tax Return
The assets and liabilities section in the annual tax return (ITR12) needs to be completed if you: earn self-employment income or are an independent contracto
Read moreForeign Employment Exemption Letter
COMPANY LETTERHEAD DateEmployee's Full NameAddress To Whom It May Concern,Subject: Confirmation of foreign employmentThis letter serves to confirm that__
Read moreFAQ: Provisional Tax
1. How many returns should I file each year if I am a provisional taxpayer? You are required to file 3 returns i.e. 2 provisional tax returns (IRP6s) and
Read moreI missed filing the first provisional return - what should I do?
Provisional tax can be confusing, especially when it comes to the timing of payments. If you miss the first payment, do you need to catch it up, or can you just
Read moreWhy your estimated provisional tax may differ from your SARS Statement of Account
TaxTim uses the financial information which you entered to work out the payment due on your provisional tax return (also called an IRP6). However, there m
Read moreWhere can I find my provisional tax payment details?
During the final days of the provisional tax season, high traffic volumes may cause delays in submitting provisional tax returns to SARS—even after you've
Read moreWhat to do if your SARS document is blank
Unfortunately, some of the SARS documents cannot be viewed online (i.e. from within your internet browser). You can work around this issue by downloading the SA
Read moreTax on Pension Annuites
When you retire, you’ll have a few options for how to access your retirement savings. You can take up to one-third of the total amount as a cash lump sum
Read moreHow to request a Provisional Tax Statement of Account on eFiling
If you're a provisional taxpayer, you can request a statement of your provisional account on eFiling. However, instead of finding it on your Income Tax workpage
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Provisional Tax Penalties
Seasoned provisional taxpayers – those people who earn income from sources other than, or in addition to a regular ol' salary or traditiona
Read moreSole Proprietor or Company: What's Best for Tax?
Getting a new business venture off the ground is an equally exciting and stressful time. You’re enthusiastic about getting your new product or service o
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The 3 R's: Returns, Rebates and Refunds Explained
When it comes to tax jargon, most people prefer to bury their heads in the sand instead of trying to understand all the confusing terms that tax practitioners u
Read moreNavigating around your Easy Equities tax certificate (IT3c)
1. This is the gross base cost of all shares you bought through the institution. You must NOT use this value on your return.2. This is the base cost i
Read moreNavigating around your Allan Gray tax certificate (IT3c)
1. This is the proceeds i.e the value that your shares were sold for. This amount needs to be entered as proceeds in the capital gains sectio
Read moreDo You Need to Ring-Fence Your Business or Rental Losses for Tax?
When pursuing a business activity, trade or renting out a property, you’re no doubt doing so to make some money, but the reality for self-starters(endpr
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Top Tips for Sole Props
1. Keep an accurate record of revenue and expenses You can draw up these records by way of a simple spreadsheet based on your invoices and then confirm these a
Read moreProvisional Taxpayers: Â Unpacking Your Tax Season Deadline
Tick-tock, time is running out for non-provisional taxpayers to submit their 2022 tax return. The filing deadline of 24 October 2022 is just around the corner.
Read moreCalculate interest on late provisional tax payment
SARS charges interest on late payments made toward provisional tax deadlines. To calculate this late payment penalty, use the formula below:Provisional tax amou
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SARS can now fine you or take you to jail for these tax mistakes
In the past SARS needed to prove that a taxpayer had committed a tax crime “willfully and without just cause” but the legislation has just been chan
Read moreIRP5 FAQs
What is an IRP5? An IRP5 is the employee's tax certificate that is issued to him/her at the end of each tax year detailing all employer/employee related incomes,
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