TAX INCOME AND DIFFERENT WAYS TO PAY TAXES
Provisional taxpayers find themselves on the receiving end of penalties and interest from SARS on a regular basis.
While they may attempt to dispute the penalties, they resign themselves to the payment of interest because, as many tax practitioners will tell you, that’s what you have to do.
“You cannot successfully challenge SARS on interest”.
Typically, a provisional taxpayer (assuming they are aware that they are a provisional taxpayer) fails to file their provisional return in February as required.
4 months down the line and the result is a deemed “zero return”.