What is provisional tax?
One of our most Frequently asked questions at De Goede:
Where an individual earns taxable income that is not subject to SITE or PAYE deductions such as interest rental or business income he/she must pay provisional tax on this income on a six-monthly basis. Provisional tax is intended to assist taxpayers to meet their tax liabilities on an ongoing basis as opposed to paying a large amount once a year on assessment. The provisional tax paid will be offset against the final income tax that the individual has to pay for the year of assessment concerned.
A certified copy of your I.D.
Proof of income
A bank statement with a bank stamp
Logbook (if applicable)
The law states that every individual in South Africa needs to be registered at the Receiver of Revenue and is thereby given a tax number.
It is your annual return as well as the annual administration fee of your CC/Pty. Please Note should the annual return payment be late an additional late submission fee will be applicable.