Unlock the secrets of income tax filing in South Africa with our comprehensive beginner's guide. From understanding who needs to pay income tax to exploring tax thresholds, brackets, and important filing dates, we've got you covered. Discover valuable deductions that can help you save money and make the most of your tax return. Whether you're a salary earner or a provisional taxpayer, our guide will empower you to master your taxes effortlessly. Get ready to navigate income tax filing with confidence and ease.

Provisional Tax is a payment system in South Africa that allows individuals and companies to pay their income tax in advance, based on an estimated taxable income. Companies that earn income that is not subject to employee tax are required to register for Provisional Tax and make two payments per financial year, with an optional third payment also available. The tax is calculated based on an estimate of the company's taxable income for the current financial year, which includes all sources of income and deductions. The estimate must not be less than the basic amount, calculated based on the taxable income assessed for the latest preceding year of assessment. Companies that fail to meet their Provisional Tax obligations may be subject to penalties for under-estimation. It is important for companies to understand the Provisional Tax system and seek expert assistance if needed.