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Thread: Provisional tax return for section 21 company

  1. #1
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    Provisional tax return for section 21 company

    Hi,

    What type of provisional tax return should a section 21 company complete, if any?

    Kindly advise.

    Regards

  2. #2
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    Hi

    An approved PBO is exempt from provisional tax.

    The annual trading exemption for a PBO is R200,000, any income in excess of this exemption is subject to tax at a rate of 28%.

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