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Am I still a provisional taxpayer

Posted 29 June 2015 under Tax Questions



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Nicki says:
22 June 2015 at 15:32

I was previously running a business as a sole prop and therefore was registered as a provisional taxpayer. I have now registered a business and pay myself a salary from this. Am I still a provisional taxpayer or can I go back to doing one return per year as before? And if so, is there anything I need to do, or just simply no longer submit IRP6's?

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TaxTimTaxTim says:
22 June 2015 at 22:33

Check out our decision questions on whether or oot you are a Provisional taxpayer? to see of you can de-register or not.


Nicki says:
23 June 2015 at 8:16

Thank you very much for your response. It seems I am no longer a provisional taxpayer - if I was previously a provisional taxpayer, is there anything I need to do to "deregister" from provisional tax? Or do I just simply no longer submit IRP6's for the 2016 tax year?


TaxTimTaxTim says:
23 June 2015 at 11:24

You would go to USER on your eFiling profile and remove the tick under Organisation TaxTypes for IRP6.


Nicki says:
23 June 2015 at 15:45

Ok great, thank you so much!
On that note, is it perfectly fine to be a provisional tax payer one year, then not the next year, and then possibly be a provisional tax payer again the following year?


TaxTimTaxTim says:
23 June 2015 at 16:12

It is, but if when you submit your return SARS picks up that you should be a provisional taxpayer then you will be penalized. It may be better to file the IRP6 even if it is a zero amount.


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