Results 1 to 2 of 2

Thread: Provisional Tax - Company

  1. #1
    Junior Member
    Join Date
    Mar 2012
    South Africa
    Thanked 0 Times in 0 Posts

    Provisional Tax - Company


    Would it be possible for someone to please explain to me how to calculate provisional tax for our company, deadline is Friday.

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Durban, South Africa
    Thanked 2,476 Times in 2,080 Posts
    Blog Entries
    Sorry I missed your deadline, but a busy week has got me well behind on my reading here. But for future reference:

    When it comes to first period provisional income tax payments - In principle, what you need to estimate is the taxable earnings of the company for the year based on the information to hand, then make a payment approximating 50% of the expected tax liability for the year.

    In practice, the actual value one might assign is very much situation dependant and any attempt to cover all the possible scenarios would certainly be a very long post. To give any meaningful guidance one would need some insight into your specific situation.
    The trouble with opportunity is it normally comes dressed up as work.

    Alcocks Electrical Services | Alcocks Pest Control & Entomological Services

Similar Threads

  1. [Question] Provisional tax question
    By Roger15 in forum Tax Forum
    Replies: 7
    Last Post: 19-Aug-13, 04:55 PM
  2. [Question] help needed with provisional tax
    By mummy60 in forum Tax Forum
    Replies: 7
    Last Post: 28-Feb-12, 12:49 PM
  3. Provisional Tax
    By StephanieB in forum Accounting Forum
    Replies: 5
    Last Post: 26-Sep-11, 04:57 PM
  4. [Question] Company provisional tax overpayment
    By duncan drennan in forum Tax Forum
    Replies: 6
    Last Post: 06-Mar-09, 11:37 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts