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Directors of company with no IRP5's

Posted 21 June 2017

Joe says:
21 June 2017 at 11:08

My wife and I are directors of our company. We have not paid ourselves a salary as such, but took money against a loan account during the year. We are provisional tax payers. We don't have any IRP5's as we haven't issued any in our company. How do we rectify this or account to SARS?

TaxTim TaxTim says:
21 June 2017 at 13:42

If you haven't drawn a salary yet, then you won't need to submit an IRP5 to SARS. You will only need to do this in the year you draw salaries.

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