Page 37 - P6 Slide Taxation - Lecture Day 7 - Various Topics
P. 37

Solution – company (cont.)




    Third provisional tax payment (due on or before 30 June


    2016)




    As the company paid inadequate provisional tax, an


    additional provisional tax payment must be made by 30


    June 2013 to avoid a liability for interest under s 89quat.








    Estimated total taxable income for the yoa                                                                                    R2


    400 000


    Tax payable (28% of R2 400 000)                                                                                   R672 000




    Less: First provisional tax payment                                                                              (R266 000)


    Second provisional tax payment                                                                                   (R294 000)



    Provisional tax to pay                                                                                            R112 000
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