Page 63 - F6 Slides (CGT,TT,ET AND PT)
P. 63
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
