JJ Jacobs Inc.

Provisional tax allows the tax liability to be spread over the relevant year of assessment. It requires the taxpayer to pay at least two amounts in advance, during the year of assessment, which are based on estimated taxable income.
The First Period:
Half of the total estimated tax for the full year;
Less the employees tax for this period (6 months);
Less any allowable foreign tax credits for this period (6 months).

Income tax return filing dates
1 July 2022 to 24 October 2022
o Taxpayers who file online
o Taxpayers who cannot file online can do so at a SARS branch by appointment only.
1 July 2022 to 23 January 2023
o Provisional taxpayers including Trusts may file via eFiling or SARS MobiApp.
Contact us for assistance: https://jacobsaccountants.co.za/