Why so much Tax? (SARS fortmonthly, PAYE, Personal Provisional Tax & Business Provisional Tax)
By Marc Sevitz · Updated
Those are the requirements as per Income Tax law. The individual and company are treated as two separate taxpayers for tax purposes and thus each require their own return. The provisional tax is just an upfront tax payment of the expected amount to be paid at the end of the financial year. The PAYE is not tax, but a prepayment for the tax of your employee's so this does not actually affect your overall numbers and the 2 month payments are for VAT.