2020 Withholding Tax Deadline

EXTERNAL CIRCULAR: WITHHOLDING TAX SEASON 2020

29 June 2020

To Our Valued Client Taxpayer,

OBJECTIVE: FILING OF ITW10 and ITW10O RETURNS

You are reminded that the WHT season is upon us and the following returns are due for filing on or before 31 July 2020.

  1. ITW10 RETURNS

These are due for filing by any taxpayer and/or company that withholds/deducts and pays PAYE to BURS on behalf of its employees. It is a summary return of all ITW8s. Fee for this return depends on the number of ITW8s that need to be prepared; we give a quotation based on the number of ITW8s we prepare.

This annual return is filed using green copies of the ITW8s. If you have already prepared ITW8s, we charge a standard fee of BWP1, 750 to file ITW10.

  1. ITW10O RETURNS

These are due for filing by any taxpayer who deducts and pays Other Withholding taxes such as 5% withholding tax on rent, 10%WHT on interest, 3% WHT on construction contracts, 10% interest on Management fees etc. through ITW9.

This annual return is filed using green copies of the ITW9s. We charge a standard fee of BWP1, 750 to file ITW10O.

Fee for a NIL return is BWP500. Vat is 12% with regard to any fee stated above.

Our mission is to ensure you are 100% Tax Compliant at all times. Your cooperation is therefore highly anticipated.

If you need any further information or explanations, please email [email protected] or call 391 2805 / 7231 0333 and speak to the writer.

Yours Sincerely,

Tshepo Ntshekang, Tax Manager

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Authors

Gaolese Mosimanegape
Accounts Manager