A reminder that the 1st provisional tax instalment for the tax year ending 31 December 2020 is due on 31stJuly 2020 and the deadline for its payment is on 31st August 2020.
The payment of provisional tax can be made through www.jccsmart.com. On the website, follow the path: Tax Department -> SELF ASSESSMENTS -> TEMPORARY Assessment (Self-Assessment) – (0200) -> Income Tax (Individuals and Legal Persons- 0200-1st Inst).
Note: Late payments are subject to a 5% penalty and interest of 1.75% p.a (rate for 2020).
Fidescorp’s team is at your disposal for any assistance you may require for timely submission.