Individuals Tax
Provisional Tax: Practical Guidance to Avoid Penalties and Interest
Duration: 2 hours
Price: R195.00
Title / Topic
Provisional Tax: Practical Guidance to Avoid Penalties and Interest
Presenters : Carmen Westermeyer
Overview
Errors made with provisional taxes can lead to penalties and interest accumulating rapidly. There are several reasons for this, some of which are within our control, and others which are not.
The aim of this session is to explore some of the common risk areas, including:
- Identification of provisional taxpayers
- Managing the client
- Accuracy of the information used to calculate provisional tax
Video Content
- Identification of provisional taxpayers
- What information is required for the provisional tax calculation
- How the calculation should be done
- What the consequences are if the calculation is incorrect
- Administrative obligations
Competencies Developed
- Administration of provisional tax (First, second, and third provisional tax)
- Assessments for individual taxpayers in 2024/25 (First, second, and third provisional tax)
- Assessments for companies in 2024/25
- Penalties and interest
- Tips and tricks of the trade
- What we know about SARS’s proposed changes to the provisional tax system
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