SMMEs can defer a portion of their first and second provisional tax liability to SARS without penalties and interest.

OVERVIEW

SMMEs can defer a portion of their first and second provisional tax liability to SARS without penalties and interest

  • The first provisional tax payment due from 1 April 2020 to 30 September 2020 will be based on 15% of the estimated total tax liability
  • The second provisional tax payment from 1 April 2020 to 31 March 2021 will be based on 65% of the estimated total tax liability
  • The remaining full tax liability must be paid by the third provisional tax payment date to avoid interest charges.

APPLICABILITY PERIOD

1 April 2020 to 31 March 2021

QUALIFICATION CRITERIA

Note: Eligibility criteria for individuals carrying on a business have yet to be finalised

  • Tax compliant SMMEs
  • SMMEs with an annual turnover no more than R50 million

WHERE CAN I FIND SUPPORT?

SARS Contact Centre on 0800 00 7277.

Contact.north@sars.gov.za
(North regions, including Pretoria, North West, Limpopo, Mpumalanga & West Rand)

Contact.central@sars.gov.za
(Central regions including East Rand, Soweto, Alberton & Vereeniging)

Contact.east@sars.gov.za
(Kwa-Zulu Natal)

Contact.south@sars.gov.za
(Western Cape)

You may also use online channels such as eFiling, the SARS MobiApp and e@syFile

Other Interesting Articles

Harambee in the News

Effort Needed to Move Impact Sourcing to BPO Mainstream

14 Jul 2021

Ryan Strategic Advisory says that now is the time for big ideas about how new ways of doing business in CX and BPO can drive positive social change.


Read More >

 

Sector innovation creates new work from home call centre jobs for SA youth_image

Harambee in the News

Sector innovation creates new work from home call centre jobs for South African youth

09 Jul 2021

Collaboration between industry stakeholders proves it’s ability to unlock jobs.


Read More >

 

Harambee in the News

Skilling innovations for trade occupations

05 Jul 2021

Plumbing sector leads a new approach to apprenticeships, increasing youth employment and enhancing the sector


Read More >