Tax

Important Dates To Remember

25/02/2020 → VAT manual submissions and payments
28/02/2020 → PIT Provisional Tax payments
28/02/2020 → VAT electronic submissions and payments
28/02/2020 → CIT Provisional Tax Payments
06/03/2020 → PAYE submissions and payments
25/03/2020 → VAT manual submissions and payments
31/03/2020 → VAT electronic submissions and payments
31/03/2020 → CIT Provisional Tax Payments
07/04/2020 → PAYE submissions and payments
24/04/2020 → VAT manual submissions and payments
30/04/2020 → VAT electronics submission and payments
30/04/2020 → CIT Provisional Tax Payments
07/05/2020 → PAYE submissions and payments
25/05/2020 → VAT manual submissions and payments
29/05/2020 → VAT electronic submissions and payments
29/05/2020 → CIT Provisional Tax Payments
05/06/2020 → PAYE submissions and payments
25/06/2020 → VAT manual submissions and payments
30/06/2020 → VAT electronic submissions and payments
30/06/2020 → CIT Provisional Tax Payments
07/07/2020 → PAYE submissions and payments
24/07/2020 → VAT manual submissions and payments
31/07/2020 → VAT electronic submissions and payments
31/07/2020 → CIT Provisional Tax Payments
07/08/2020 → PAYE submissions and payments
25/08/2020 → VAT manual submissions and payments
31/08/2020 → VAT electronic submissions and payments
31/08/2020 → PIT Provisional Tax Payments
31/08/2020 → CIT Provisional Tax Payment
07/09/2020 → PAYE submissions and payments
25/09/2020 → VAT manual submissions and payments
30/09/2020 → VAT electronics submissions and payments
30/09/2020 → PIT top-up Provisional Tax Payments
30/09/2020 → CIT Provisional Tax Payments
07/10/2020 → PAYE submissions and payments
23/10/2020 → VAT manual submissions and payments
30/10/2020 → VAT electronic submissions and payments
30/10/2020 → CIT Provisional Tax Payments
06/11/2020 → PAYE submissions and payments
25/11/2020 → VAT manual submissions and payments
30/11/2020 → VAT electronic submissions and payments
30/11/2020 → CIT Provisional Tax Payments
07/12/2020 → PAYE submissions and payments
24/12/2020 → VAT manual submissions and payments
31/12/2020 → VAT electronic submission and payments

Payroll Pitfalls

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The simplest way to prevent most incidences of payroll fraud is to enforce segregation of duties in the payroll department. 

The people who calculate pay rates and accumulated hours for the payroll should ideally not be the same people who process the payments. Different people should have responsibility for capturing payroll data and for managing access to the system as well as adding and removing employees from the payroll. Yet another person could be tasked with checking that the numbers add up.
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The word "accountant" comes from the French word "compter" or "computare" which means to count or score.

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