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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
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
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