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Crowe said: 14 February 2016 at 11:07 I am a provisional tax payer and contributing the maximum allowed deductible to an RA (15% of non-retirement funding income). I would like to know whether I can deduct this from the taxable income myself for the provisional tax payment, meaning I pay less to SARS now and do not get a refund later, or whether I should pay tax on the full income without deducting the RA deductible and then get a refund from SARS later on? If I have a choice, I would prefer not overpaying taxes to SARS and aim for a zero refund (or additional pay-in) to SARS with the final submission. |
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TaxTim Marc said: 15 February 2016 at 13:55 You can deduct it now when calculating your provisional tax. Please read our blog on What is Provisional Tax? How and when? |
