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Penalties on provisional return payments?

Posted 18 February 2014 under Tax Questions



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I assess my income for the year on the 25th February 2014, make a payment to be sure that estimates are going to 90 % correct, on the 27th February 2014 a large amount is paid ... will I attract tax penalties?

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TaxTimTaxTim says:
18 February 2014 at 18:13

No, as long as you make payment and submission by the 28th and SARS can see payment by the 28th then you will not suffer any penalties.


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