The 29 February 2024 deadline for taxpayers who are required to make provisional tax payments on income as both individuals and as owners of companies is only a few short weeks away. Provisional tax is among the most confusing aspects of the tax regime, and the most heavily penalised, making professional assistance essential when attending to your provisional tax responsibilities. SARS issued an updated Provisional Tax guide a week ago. The guide deals with the usual issues, including confirming that the Section 6C Solar PV tax credit may be accounted for in the P2-2024 provisional tax computation. Read more