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Fluffy says: 22 April 2017 at 12:20 Does a start-up company (dormant pty company) with zero income for first 2 years, have to register for provisional tax? The director does earn a normal salary from employer, but created company name to work on part time. The director is busy with research before there will be any taxable income. The director created the company name to reserve the name before it is taken. ( the company also needs tax number) Do not want to go through the admin for provisional tax before it is needed. Only want to fill in zero tax return for the company itself until the time comes to register for provisional tax. |
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TaxTim says: 24 April 2017 at 7:34 The company is automatically registered for provisional tax when you register it for the annual tax number, but you're required to therefore submit zero tax returns to SARS for the annual tax return and provisional tax returns. |
