Provisional Tax Deadline August 2023

We draw your attention to the first provisional tax (PT) deadline for the 2024 year on 31 August 2023.

Information about Provisional Tax can be found on the SARS website here.

The above deadline represents the FIRST provisional tax return for the tax year ending 28 February 2024 and covers the period 1 March 2023 to 31 August 2023. In summary, the following taxpayers need to submit their first period provisional tax return (and any related payment) by the above deadline date irrespective of whether they had taxable income or not:

• All companies with a February year-end even if such company did not trade during the period.

• All individuals required to submit a provisional tax return. Refer to the SARS website at the above link to understand when an individual is classified as a provisional taxpayer.

It’s important to note that taxpayers do not have to specifically be registered as “provisional” i.e. if they meet the requirements for a provisional taxpayer then they need to submit a provisional tax return.  It is possible that a taxpayer may be a provisional taxpayer one year and not the following year and vice versa.

Reach out to us to assist with submitting your first Provisional Tax Return for the 2024 year!

Luke Victor

BA(SA), ICB Financial Accountant
The Tax Shop Alberton

More about Luke Victor

Luke obtained a diploma as a Financial Accountant with ICB and is a registered member of SAIBA with relevant experience. He also has experience working in IT and Software Testing and Training.

Xero & Quickbooks Certified