With the 2022 tax season in full swing and stricter focus on South African Expats, we are hosting a series of webinars in the past months addressing the most frequently asked questions from Residents Working Abroad relating to Section 10(i)(o)(ii) income tax returns, developments, and requirements.
The third session will cover the key areas of the 2022 tax season in relation to Provisional Tax, the application, requirements to be registered as a provisional taxpayer, how often do you need to submit provisional tax returns, provisional tax vs. income tax and the implications of not submitting provisional tax returns. Each essential topic will be addressed in detail and examples will be shared to ensure that each attendee is well equipped on ensuring full compliance and optimal planning.
Topics:
- What is provisional tax?
- Application of provisional tax.
- What is the requirement to be registered as a provisional taxpayer?
- Provisional tax vs Income tax.
- How often do you have to submit provisional tax returns?
- Implications of not submitting provisional tax returns.
The efforts of National Treasury and SARS remains very much focussed on international South Africans and this now being the 5th consecutive year where dedicated announcements were made aimed at South Africans abroad. We will deal with both the high-level announcements, but also the practical strategies to ensure tax and financial optimisation.