SARS - Provisional Tax Deferral

FUND DETAILS

Name of the fund

SARS – Provisional Tax Deferral

Fund administered by

SARS

Type of relief/support

Deferral of provisional tax liability

Total size of the fund

Not stipulated

Who does the fund target?

All sectors

Minimum amount you can apply for                                  

Not stipulated

Maximum amount you can apply for                                 

  • 15% of the estimated total tax liability for the first provisional tax payment due from 1 April 2020 to 30 September 2020
  • 65% of the estimated total tax liability for the second provisional tax payment from 1 April 2020 to 31 March 2021

RELIEF CRITERIA FOR THE SARS – PROVISIONAL TAX DEFERRAL:

  • A taxpayer who is conducting a trade with a gross income of R100m per annum or less for the year of assessment the period payment is being made for.
  • The gross income must not include more than 10% of income derived from interest, dividends, foreign dividends, rental from letting fixed property and any remuneration received from an employer. 
  • The taxpayer must be fully tax compliant. 
  • All returns due returns must have been filed.
  • There must be no outstanding tax debt, excluding tax debt in respect which an agreement has been entered into.   

HOW TO APPLY FOR THE SARS – PROVISIONAL TAX DEFERRAL:

www.treasury.gov.za | www.sars.gov.za

ADDITIONAL INFORMATION FOR THE SARS – PROVISIONAL TAX DEFERRAL:

Call the SARS contact centre on 0800 00 7277 between 9am and 4pm.

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