Is it advisable or unadvisable to make multiple payments on a specific IRP6 for a specific provisional tax period? I have underestimated my income for a specific period, and have already made a payment for the period concerned (this was due to a CG event as a result of a unit trust switch). I'm concerned that SARS will only allocate one of the payments to the provisional tax period in question, and that I may have problems getting additional payments I make allocated to my account.
You should rather add the extra payment to the second provisional tax return as SARS will have difficulty allocating multiple payments to one provisional filing.
Regsays: 3 December 2015 at 14:15
Thanks for advise - I have already done the IRP6's for 2016(1) & 2016(2) and made payments on both, but it looks like, due to CG on a unit trust switch, that I have under-estimated my income for these submissions, I suppose I will have to make the voluntary provisional tax third payment later on (but I believe this tends to trigger an audit and delay the outcome of the final ITR12 when submitted).
Thanks again and I did not know I could do provisional submissions via your service, but now I know its possible. Will do next ITR12 via taxtim.
P.S Also how do I refer a friend to taxtim?
TaxTimsays: 3 December 2015 at 23:08
Thanks for wanting to recommend us! Simply tell your friends about our service and send them to www.taxtim.com, or mention us on social media :)
Get SARS Tax Dates and Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.