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Is the provisional tax deferral claim for the period 1 April 2020 to 31 March 2021?
Yes, my business qualifies for this tax relief measure
The 1st provisional payment must be based on 15% of the total estimated tax liability.
The 2nd provisional payment must be based on 65% of the total estimated tax liability. Remember to deduct the 1st payment that you made.
No, my business does not qualify for this tax relief measure
Unfortunately, your business does not meet the criteria to qualify for the provisional tax deferral relief measure due to Covid-19.