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
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