Results 1 to 2 of 2

Thread: Company and Individual Provisional Tax

  1. #1
    Junior Member
    Join Date
    Jan 2014
    Location
    Mpumalanga
    Posts
    18
    Thanks
    1
    Thanked 0 Times in 0 Posts

    Company and Individual Provisional Tax

    Hi All,

    Two hopefully quick questions:

    1. I recently registered a company with the CIPC on 4th June 2015. The company financial year runs from March to February. I automatically received SARS notification of registration as a tax payer. On the notification it says that the company is required to make provisional tax payments as from the 2017 period and the date of liability is 201603. Am I correct in assuming that the first provisional tax payment for the company will be in August 2016?

    2. When does the director of the company become liable for provisional tax? Would he also only be liable for the 2017 period?


    Thank you

    Jacky

  2. #2
    Gold Member Houses4Rent's Avatar
    Join Date
    Mar 2014
    Location
    Cape Town
    Posts
    761
    Thanks
    7
    Thanked 55 Times in 51 Posts
    Hi Jacky

    If you registered a company and if I am not mistaken you have to have a accountant too who should be able to answer your question. Otherwise why not ask SARS?
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

Similar Threads

  1. Costing individual items in a set
    By Neville Bailey in forum General Business Forum
    Replies: 4
    Last Post: 08-May-15, 04:49 PM
  2. Replies: 1
    Last Post: 06-Sep-13, 02:47 PM
  3. Provisional Tax - Company
    By JPWilliams007 in forum Accounting Forum
    Replies: 1
    Last Post: 31-Aug-13, 08:32 AM
  4. Individual The individual SARS tax filing season commenced on 01 July 2010
    By Pastel Payroll Consultant in forum Tax Forum
    Replies: 4
    Last Post: 25-Nov-10, 02:00 PM
  5. [Question] Company provisional tax overpayment
    By duncan drennan in forum Tax Forum
    Replies: 6
    Last Post: 06-Mar-09, 11:37 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •