If your business has a February financial year-end, it’s important to prepare for your first provisional tax payment, which is due by 31 August each year. Provisional tax isn’t a separate tax—it’s a way of paying your income tax liability…

If you’re a provisional taxpayer in South Africa, meeting your first (August) and second (February) provisional tax deadlines is only part of the story. Many taxpayers overlook the third “top-up” payment, which can make a big difference when SARS assesses…

A third payment can be made by the last business day of September 2022 for companies or any other individual with a February year-end. The top-up payment should be the difference between the total tax for the year less the…