31/08/2022
Provisional tax allows the tax liability to be spread over the relevant year of assessment. It requires the taxpayer to pay at least two amounts in advance, during the year of assessment, which are based on estimated taxable income.
The First Period:
Half of the total estimated tax for the full year;
Less the employees tax for this period (6 months);
Less any allowable foreign tax credits for this period (6 months).
