Para 20A - Success!

[BusNavig8]

Well it depends on the tax structure of the company, first you need to determine what the tax rates are, (according to classification), whether there are taxable losses that are brought forward from previous years that can be offset. Whether there are allowable deductions that will minimise the profit on assessment. So its not just about taking your nett profit for the year and comparing it to the SARS base rate. In any event SARS increase the base rate. The is a 10% differential that is allowed before a penatly is imposed, but interest will be levied (Sec89Quat)

[Dave A]

The is a 10% differential that is allowed before a penatly is imposed, but interest will be levied (Sec89Quat)

That's the bit I might have a little trouble with in one of my companies this year
We'll be paying more than what SARS has estimated in their provisional assessment notice, but for one reason and another, it's proving pretty tricky to estimate what the final tax liability will be. Just too many fairly substantial variables up in the air right now that might throw the questimate way off.