We would like to inform you of the Provisional Tax Return 2021/01 which is due by 31 August 2020. This is for the period 1 March 2020 – 28 February 2021.
During these difficult financial times, we would like to provide you with an accurate provisional tax calculation, as well as adequate time, to prepare for a tax liability which might be due.
We are also pleased to inform you that SARS allowed relief, to assist compliant taxpayers with cash flow.
The first provisional tax payment for the 2021 tax year, due on 31 August 2020, will be based on 15% of the Estimated Total Tax Liability
The second provisional tax payment for the 2021 tax year, due on 28 February 2021, will be based on 65% of the Estimated Total Tax Liability The third provisional tax payment due, or Final Assessment, will encompass the final 35% of the Total Tax Liability
Kindly Contact Veritas Accountants Should you require any assistance with calculating your Provisional Tax: taxadministrator@veritasacc.com