Summary TAX3701 Provisional tax solutions

Activity 1

First provisional payment

Payment date 31-Aug-14

Estimate 1 070 462

Tax on estimate (1070462-550001)x28%+59098 204 827

Divided by two 102 414

First provisional payment 102 414



Estimate:

Latest assesment from SARS, older than 14 days
(15 June 2013 assessment) 1 120 579

Less capital gains tax 50117

No 8% adjustment needed (not older than 18 months from
assessment day to previous period) -

Adjusted basic amount 1 070 462



Second provisional payment

Payment date 28-Feb-15

Estimate 1 528 452

Tax on estimate (1528452-550001)x28%+59098 333 064

Less: first payment 102 414

Second provisional payment 230 651



Estimate:

Seriously calculated amount 1 528 452


Estimate 1 528 452