All companies with a February year end have to submit a provisional tax return by 31 August 2022.
For which period is this provisional tax return?
This return will include the estimated income for the period ending 28 February 2023. This will be the first provisional tax return for the 2023 financial year.
It is important to note that you have to submit a return, even if the company 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.
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