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Does loan repayment affect tax calculation?

Posted 1 March 2016

Tax said:
1 March 2016 at 0:59

When calculating provisional tax, must your repayment on loan be deducted from the taxable amount?

TaxTim Nicci said:
1 March 2016 at 7:29

No, this is not a transaction that affects your income at all.

This entry was posted in Tax Q&A and tagged Provisional Tax, Deductions, Audit / Verification. Bookmark the permalink.

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