- Companies
Are you aware that every business liable to taxation, under the Income Tax Act, 1962, is required to register with SARS as a taxpayer.
- Filing Season – Companies, including CC’s, Co‐operatives and Body Corporates, are required to submit a Return of Income (ITR14) within 12 months from the date on which their financial year ends.
- Provisional Tax- In addition to annual returns, every company (excluding Body Corporates, Share Block Companies and Public Benefit Companies) is required to submit provisional tax returns (IRP6). The first of these returns is required to be submitted six months from the start of the year, and the second at year end, and must both contain an estimate of the total taxable income earned or to be earned for the full year. Payment of the tax must accompany the return. A third “top-up” payment may be made six months after year-end.
Complying with your tax obligations as a business should not be a problem. Please contact us so that we can help you save money by making use of SARS rebates and other provisions available to small businesses.