FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Oops - I under estimated first provisional tax payment what now?

Posted 28 August 2013

Hi Tim

I just filed and paid my IRP6 for the first payment just to realize that I might have under-estimated. Do I need to ask for a correction or can I rectify it with my second payment? Will there be any penalties?

Please let me know

TaxTim Marc TaxTim Marc said:
28 August 2013 at 23:52

I suggest rectifying it now and requesting a correction and resubmitting. If you did underestimate then there are serious penalties and interest that could accrue.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.