Posts Tagged ‘provisional tax for company’
How is the estimated provisional tax for a company determined and when should it be paid?
The amount of provisional tax payable is worked out on the estimated taxable income for that particular year of assessment, as follows: 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).…
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