Page 5 - Employees tax

PROVISIONAL TAX

Provisional tax payments

• There are two compulsory payments for provisional

taxpayers:

>1st payment – within first 6 months of the year;

and

>2nd payment – no later than year-end.

A voluntary 3rd payment can be made, called a top-up

payment, within 7 months after the year end for taxpayers

with a February year end and within 6 months for taxpayers

with other year ends. The 3rd top up payment will avoid

interest being charged from the effective date.

Provisional tax payments must be accompanied by a form,

the IRP 6.

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