Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

What info on Period 1 and Period 2 for provisional tax filing?

Posted 14 January 2014 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Provisional Tax Period 1 2014 was not submitted, Personal tax was submitted on time. According to eFiling I should still submit Period 1 2014? I am confused as to the difference between info on Period 1 and Period 2.

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim says:
15 January 2014 at 11:17

Period 1 is the for the time between 1 March and 31 August 2013 and Period 2 is between 1 September and 28 February 2014 for the 2014 tax year year. In each return you would put the total expected income for the whole year. SARS will then calculate how much you need to pay for the whole year and then divide it by 2 so that you are not paying tax twice.

Personal Tax return was for the 2013 tax year running 1 March 2012 to 28 February 2013.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE