Accounting and Tax
All companies with a February year end have to submit a provisional tax return before 31 August 2022 to avoid penalties. Sole proprietors also have to submit a tax return to SARS.
This provisional tax return, or IRP6 is based on the figures from 1 March 2022 to 31 August 2022. The company has to submit a return even if it did not trade during the period under review.
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Please note that all private companies and close corporations have to submit provisional tax before 28 February 2021.
The provisional tax return covers the period from 1 March 2020 to 28 February 2021. Failure to submit or under declaring your income can lead to admin penalties being raised.
All companies and close corporations have to submit returns, even if the company has not traded for the financial year under scrutiny.
Contact us today to ensure that your return is submitted on time.