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13 Easy steps to help you complete your provisional tax return by the 31 August 2016 deadline

by , 18 August 2016
13 Easy steps to help you complete your provisional tax return by the 31 August 2016 deadlineThe 31 August 2016 provisional tax (PVT) payment deadline is just around the corner. As you know you have to take the time to go through your calculations to make sure you're paying the right amount to avoid penalties from SARS.

If you missed our last article on how to calculate your provisional tax payment, find out here.
All you need to do now is prepare your return to file by the 31st of August.

Here are 13 simple steps to follow if you're submitting your provisional tax payment via eFiling so you don't miss the deadline.

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Use these 13 steps to complete your provisional tax return

Step #1

Go to www.sarsefiling.co.za and log in.
 
Step #2

Click on 'Returns' and then 'Returns Issued'.
 
Step #3

Click on 'Provisional Tax (IRP6)'.
 
Step #4

From the drop-down menu, select the provisional tax period and click the 'Request' button (this will be 2016-01 for the upcoming return). The IRP6 will now show as a line item. At the end of the line, click on the underlined word 'Open'.


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  5. Registered for provisional tax, but you don't actually qualify anymore? 
  6. Your provisional tax liability depends on whether you're a Tier 1 or a Tier 2 taxpayer 
  7. What to include in your calculation of provisional tax 
  8. The 10 documents you need to calculate your provisional tax 
  9. How to calculate your provisional tax in seven steps 
  10. How to complete your provisional tax return (IRP6) via eFiling
  11. How to correct errors – or check on the status of your return
  12. How to check if your account with SARS is paid up
  13. Steep penalties await the taxpayer who doesn't follow the rules 
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  15. Nine provisional tax questions answered
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Use these 13 steps to complete your provisional tax return continued…

Step #5

Choose to open the IRP6 with either Flash Player or ADOBE reader, and then click 'IRP6'. (You'll see this in the table, in the Return Type column. The word IRP6 is hyperlinked – that's where you click).

Step #6

Check that your personal details are correct. These details are pre-populated on the form but double check to make sure. For a full list of the details you must check, turn to chapter P01: Provisional Tax in your Practical Tax Loose Leaf. If you don't have a copy yet, get yours now.
 
Step #7

Check the 'Historical Details' are correct.

This includes:

·         The year of assessment for which you were last assessed
·         The taxable income you declared for that year of assessment, and
·         The basic amount declared.
 
Step #8

Make your estimate and indicate how much you owe SARS. This is the most important step!
 
The tax rates applicable to companies and individuals vary – so you must manually calculate the 'Tax on estimated taxable income', and then confirm it to the amount the return calculates when you click on the 'Recalculate' button. To make sure you're completing the right information for this tax period, turn to chapter P01: Provisional Tax in your Practical Tax Loose Leaf. If you don't have a copy yet, get yours now.

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Use these 13 steps to complete your provisional tax return continued…

Step #9

Check the total amount payable. The system automatically calculates the total amount you owe SARS and pre-populates this amount on the form. Make a note of this so you can pay SARS the correct amount.

Step #10

Complete the payment details. When you registered for eFiling, you'd have selected the payment method you'll use. This should show on the form.
 
Step #11

Make your declaration! Enter the date at the bottom of the form in the date field. This is the equivalent of your signature on a legal document.
 
Step #12

Save!
 
Step #13

Send the return to SARS. Once you're happy you've completed the return correctly, re-open the IRP6 and click 'File Return'.

PS. SARS clearly states ignorance is no excuse! So make sure you register as soon as possible for Provisional Tax. Click here to find out how. 


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