Provisional Tax – Solar energy tax credit

(Media Release: Issued and provided by the South African Revenue Service)

The Provisional Tax Return (IRP6) has been updated with a “Solar energy tax credit” field to enable provisional taxpayers to take the tax credit into account in determining provisional tax payable for the second provisional period of the 2024 year of assessment.

The purpose of the guide is to assist provisional taxpayers with the following:
i) Completion and submission of the Provisional Tax Return (IRP6)
ii) Calculation of the estimated taxable income for provisional tax payments
iii) Calculation of penalties and interest payable on late or incorrect payments of provisional tax.

The guide is published for information purposes only, so that provisional taxpayers can understand their tax obligations.
i) It should not be considered as specific tax advice for an individual taxpayer.
ii) The guidelines and tax tables presented in this guide contain generic information to guide provisional taxpayers to correctly complete and submit the IRP6 return and to make the necessary payments on time.
iii) This document is intended to be used as a basic guide and is not for legal reference.
iv) Further guidance and assistance can be obtained from your nearest SARS or by calling Taxpayer Service on 0800 00 7277.

View the full guide here.