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Provisional Tax - how to work it out?

Posted 19 August 2015

Jo says:
19 August 2015 at 12:17

New to provisional tax. We are working with an accountant but info is not forth-coming. Is the taxable amount worked out on:
Income less
Deductions / Expenses
= Taxable Income (i. E. We are taxed the percentage in that tax bracket)

i. E. The provisional tax amount is not just worked on your income?

TaxTim TaxTim says:
19 August 2015 at 12:42

Yes, the tax payable will be worked out on your taxable income: Income less business related expenses.

Please see further details around Provisional Tax at the link below.
What is Provisional Tax? How and when?

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