Page 17 - Provissional Tax For Companies

Additional Tax, Interest And Penalties (cont.)

▫ Taxable income ≤ R1 million:

 If estimated taxable income < 90% of actual taxable income

 20% penalty on difference between tax that he should have paid and

tax actually paid (4 Schedule par 20(1)(b))
th

 Year-end estimate late

• 20% penalty on difference between tax that he should have paid

th
and tax actually paid to date (4 Schedule par 20A)

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