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Dear Clients
Your second Provisional Tax Form for the 2021 tax year has already been submitted to SARS. This serves as a reminder that all payments in respect of the second provisional tax return are due by close of business today, 26 February 2021.
Failure to make payment on time will result in an immediate late payment penalty, calculated at 10% of the provisional tax amount, whether it is not paid or simply paid late.
Taxpayers with a 'NIL' return are not required to make payment.
Should you require our assistance in this regard, please contact our Tax Department or contact your contact Partner at MGI Bass Gordon.
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