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News & Press: SARS News & Tax Administration

Reminder: provisional tax deadline of 28 February approaching

26 February 2013   (0 Comments)
Posted by: SAIT Technical
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By SAIT Technical

Taxpayers and 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.

The second provisional tax payment is based on an estimate of taxable income and is governed by the Fourth Schedule of the Income Tax Act.

Failure to comply with the provisions of the Fourth Schedule (e.g. late payment or an inadequate estimate) can lead to interest and penalties charged by SARS.


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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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