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Provisional Tax


I found out today what a provisional ax pay. If you understand the name then it makes sense. A provisional tax payer is someone who pre pays their tax,
after estimating how much they will earn. The way the pre-pay just like a PAYE tax payer pre pays, but the employee pre-pays for them.


A provisional tax payer still has to do a tax return, where they can do the normal deductions etc, and then get a credit for their tax. In fact SARS will pay interest on the moneys that were pre-taxed.


If you have your own business then any reasonable item that can be associated to the cost of running that business can be a legitamate company expense. So Cell phone, internet connectivity, insurance for company items etc can be claimed. But Rates cannot since the business does not owne the premises, but electricity can



A cool site


I also found a cools site videojug. That can give you instructions on doing things. It is not as comprehensive as wiki but it is quite good

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