If you earn income outside PAYE, provisional tax obligations affect you and the 28 February 2026 payment date is approaching, reports Cape {town} Etc.
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According to Business Tech, more than 543 000 provisional taxpayers submitted returns in 2024, underscoring the scale of the task facing freelancers, landlords and consultants ahead of the final IRP6 deadline.
Provisional tax applies to income not subject to an employer’s payroll, including business, freelance, rental and certain investment income. Tax Consulting SA noted rising queries from taxpayers about what to submit and how to avoid penalties and interest.
‘As the provisional tax deadline approaches, we are seeing a growing number of taxpayers asking what they need to submit, what has changed, and how they can avoid penalties and interest,’ the firm said.
SARS sets clear thresholds that determine provisional status and explains the two-stage payment process: the first payment was due in August 2025 and the second balances the year’s estimate on 28 February 2026.
The tax authority warns that failing to file or submitting unrealistic estimates can lead to assessments based on available information, administrative penalties and interest.
Tax Consulting SA urged taxpayers to review IRP6 returns now and, where necessary, seek professional help.
‘If you earn income other than a salary, you need to understand your provisional tax obligations and make sure your IRP6 submissions and payments are correct and on time,’ the firm said.
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