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2018-07-04
PROVISIONAL TAX 2019


PROVISIONAL TAX 2019

 

Provisional taxpayers are people who earn income other than a salary / remuneration. If you get income such as rental income from a property, interest income from investments or other income from a trade, you will always be a provisional taxpayer, even if you also earn a salary. 

 

If you just earn a salary then you are a regular taxpayer and don't have to worry about filing provisional tax returns. 

 

All Companies, Close Corporations and Trusts are also provisional taxpayers.


This first provisional payment covers the period from 1 March 2018 to 31 August 2018 (first six months of this financial year).  We require the following information to calculate your first provisional payment for the 2019 tax year:

 

Investment income (01 March 2018 to 30 June 2018)

  • Interest earned
  • Taxable foreign dividends received
  • REIT received
  • Capital gain/(loss) – Sale of assets

 

Business income

  • Trail balance from 01 March 2018 to 30 June 2018


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