11 May 2020 at 14:22
I have a Pty Ltd that was registered in February, the Provisional Tax payments must be made in April and October. SARS says I must make tax payments from the 2021 period. The date of liability for provisional tax: 2020/05. When, according to that, is the first time I have to submit tax reports, was it this past April 2020 already? Also, when is the "major" tax submission due, not the provisional one, but the annual one? I would like to do it with TaxTim as my company is small.
I was worried that I had to submit tax docs this past April already for 1.5 months operating only. But according to the info you gave me, it would be April NEXT year 2021, correct? I am now confused. Could you maybe just tell me when I have to submit provisional tax statements for the first time and when I have to submit the annual tax statement according to this?
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15 May 2020 at 16:03
The first provisional tax return is due 6 months into the financial year of the company (i.e. October for companies with a April year end), and the second tax return is due at year end.
A company‚%u20AC%u2122s income tax return is due 12 months following the financial year end.
You will there submit your first provisional tax return by 31 October 2020 and the second one would be due 30 April 2021 of the following year.
The annual company tax return is due 30 April 2021 a year later only.