New business provisional tax

By Nicci Courtney-Clarke · Updated

NewBiz

NewBiz said:
12 January 2016 at 7:52

I registered a new private company in late September 2015 and would like to confirm by what date the first provisional tax return must be submitted. The company's financial year end is February. On the Notice of Registration with SARS, it states that the company is required to make provisional tax payments as from the 2017 tax period and that the date of liability for provisional tax is 2016/03. Many thanks



TaxTim Nicci

TaxTim Nicci said:
12 January 2016 at 8:01

The first provisional tax return is therefore due on 28 February 2016 - this would be the IRP6 (2)