Am I still a provisional taxpayer
By Marc Sevitz · Updated
I was previously running a business as a sole prop and therefore was registered as a provisional taxpayer. I have now registered a business and pay myself a salary from this. Am I still a provisional taxpayer or can I go back to doing one return per year as before? And if so, is there anything I need to do, or just simply no longer submit IRP6's?
Check out our decision questions on whether or oot you are a Provisional taxpayer? to see of you can de-register or not.
Thank you very much for your response. It seems I am no longer a provisional taxpayer - if I was previously a provisional taxpayer, is there anything I need to do to "deregister" from provisional tax? Or do I just simply no longer submit IRP6's for the 2016 tax year?
You would go to USER on your eFiling profile and remove the tick under Organisation TaxTypes for IRP6.
Ok great, thank you so much!
On that note, is it perfectly fine to be a provisional tax payer one year, then not the next year, and then possibly be a provisional tax payer again the following year?
On that note, is it perfectly fine to be a provisional tax payer one year, then not the next year, and then possibly be a provisional tax payer again the following year?
It is, but if when you submit your return SARS picks up that you should be a provisional taxpayer then you will be penalized. It may be better to file the IRP6 even if it is a zero amount.