Getting Ready for Your Second Provisional Tax Payment: 10 Practical Tips
You have only just taken down the Christmas tree, and the last thing on your mind is your second provisional tax payment, which falls due on 27 February 2026. And no – the date is not a typo. Although the normal due date for this payment would be the 28th of February, the general rule […]
The calculation of interest due between taxpayers and SARS
The Tax Administration Act (TAA) introduces general principles to be applied when calculating interest due to or due by SARS. The aim is to create a fairer, more uniform calculation of interest for both the taxpayers and SARS. As with most things in life, there are exceptions. This article will discuss the general interest rules […]
Provisional tax for individuals
Provisional tax is not a separate tax but rather pre-payments towards your income tax liability for a specific tax year and is filed bi-yearly (August and February). The aim of provisional tax payments is for SARS to collect their taxes on an ongoing basis prior to assessment. The payment of provisional tax also helps taxpayers […]