Price:
R476.10 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
120 Minutes
Additionals:
R476.10 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This lesson covers the following:
• When will a taxpayer be a provisional taxpayer as defined and when will they be excluded from these provisions
• The rules governing the determination and settlement of provisional tax payments - this discussion will focus primarily on the first (mid-year) payment, but will include an overview of the second (year-end) and third (top-up) payments.
o Clarifying the concept of the “basic” amount and considering whether it should be used
o Interest and penalties for late and underpayments
o Administrative process of submission and payment
• Brief overview of the application of provisional taxes to directors of companies
• Current issues in the provisional tax space
• When will a taxpayer be a provisional taxpayer as defined and when will they be excluded from these provisions
• The rules governing the determination and settlement of provisional tax payments - this discussion will focus primarily on the first (mid-year) payment, but will include an overview of the second (year-end) and third (top-up) payments.
o Clarifying the concept of the “basic” amount and considering whether it should be used
o Interest and penalties for late and underpayments
o Administrative process of submission and payment
• Brief overview of the application of provisional taxes to directors of companies
• Current issues in the provisional tax space