Page 12 - P6 Slide Taxation - Lecture Day 6 - Provisional Tax Companies Only
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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
