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Zero provisional tax return



Donny says:
25 August 2015 at 11:35

I am registered as a provisional taxpayer as I earn investment income however due to contributions made to retirement annuity funds I will not owe SARS anything. In fact I expect a refund. Do I still have to complete a zero provisional tax return?

TaxTim TaxTim says:
25 August 2015 at 11:58

How much investment income are you expecting to earn for the year?

Donny says:
25 August 2015 at 12:17

R70 000

TaxTim TaxTim says:
25 August 2015 at 14:38

Do you receive income from other sources?

Donny says:
25 August 2015 at 14:40

Yes a monthly salary and I pay PAYE on a monthly basis.

TaxTim TaxTim says:
25 August 2015 at 22:54

Yes, you do need to submit a nil Provisional Return in order to be compliant.
Am I a Provisional taxpayer?

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