Page 34 - P6 Slide Taxation - Lecture Day 7 - Various Topics
P. 34
Calculation of provisional tax
rd
3 Additional tax payment
to avoid interest
Actual liability for normal tax for yoa
employees’ tax deducted by his employer from
Less:
remuneration during the year
Less: first and second provisional tax payments
foreign tax paid on income from sources outside South
Less:
Africa that are allowed as a rebate (s 6quat)
Paid on or before the ‘effective date:’
7 months after end of yoa, if yoa ends on last day of Feb, or
6 months after end of yoa, if yoa ends on any other date (s 89quat)
