Page 36 - P6 Slide Taxation - Lecture Day 7 - Various Topics
P. 36

Solution - company




    First provisional tax payment (due on or before 30 June 2015)



    Estimated total taxable income for the yoa (based on basic

    amount)                                                                                                       R1 900 000



    Tax payable for the full year on taxable income (28% of R1 900


    000)                                                                                               R532 000


    Provisional tax to pay (half of R532 000)                                                                         R266 000







    Second provisional tax payment (due on or before 31 Dec 2015)


    Estimated total taxable income for the yoa                                                                   R2 000 000



    Tax payable (28% of R2 000 000)                                                                                   R560 000


    Less: First provisional tax payment                                                                            (R266 000)



    Provisional tax to pay                                                                                            R294 000
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