tax practitioners are reminded that the deadline for submitting the
second provisional tax return (IRP6) and payment for natural persons and
companies with a February financial year end, is 28 February 2013.
second provisional tax payment is based on an estimate of taxable
income and is governed by the Fourth Schedule of the Income Tax Act.
to comply with the provisions of the Fourth Schedule (e.g. late payment
or an inadequate estimate) can lead to interest and penalties charged
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.