Provisional Tax Checklist
SARS requires you to keep all tax-related documents for at least 5 years from the date of assessment.
Before First IRP6 Payment
Estimate your annual taxable income. Calculate tax using SARS tables. Subtract rebates and credits. Pay at least 50% of the total by 31 August.
Before Second IRP6 Payment
Review your actual income for the year. Adjust your estimate if needed. The second payment should bring your total paid to 100% of estimated tax by 28 February.
Annual Reconciliation
When filing your ITR12, compare provisional payments to actual tax liability. Any shortfall must be paid. Overpayments will be refunded by SARS.
Frequently Asked Questions
How long must I keep these documents?
SARS requires you to keep all tax-related documents for at least 5 years from the date of assessment.
Can Admin Boss help me prepare?
Yes. Admin Boss is a registered tax practice that can help organise your documents and ensure nothing is missed. Visit adminboss.co.za/need-more-info/.
What happens if I miss a document?
Contact the issuer and request a duplicate. For bank statements, download from online banking. Missing documents may result in denied deductions.
Need Help With Your Tax?
Admin Boss is a registered tax practice with over 20 years of experience helping South African individuals and businesses navigate SARS.