The IRP6 is the return a provisional taxpayer completes to declare estimated taxable income and pay the resulting provisional tax. It is filed twice during the tax year, with an optional third top-up payment.
What it means
Because provisional taxpayers - companies and individuals with income other than remuneration - don't have PAYE withheld throughout the year on that income, SARS requires them to estimate and pay tax in advance via the IRP6, rather than settling the full liability only on assessment.
Where it fits in
The IRP6 feeds into the same annual reconciliation as any other tax return: provisional payments made against IRP6 estimates are credited against the final assessment once actual taxable income is known.
Key rules
- Filed twice a year (first and second period), with an optional third top-up.
- Estimates taxable income and pays provisional tax on it.
- Under-estimating can trigger penalties on assessment.
- Payments made are credited against the final tax assessment.
