Page 59 - F6 Slides (CGT,TT,ET AND PT)
P. 59
Based on amount ≥ Basic amount
May be less only with approval from SARS
Basic amount = taxable income of latest
preceding yoa
Calculation of provisional tax
st
1 Provisional tax payment
½ of total estimated liability for normal tax
employees’ tax deducted by his employer from
Less:
remuneration during the 6-month period
(eg.PSP/Labour broker)
foreign tax paid on income from sources outside South
Less:
Africa that are allowed as a rebate (s 6quat)
Paid within six months from the commencement of the yoa
