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Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Contextualising Provisional Tax Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Calculations Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Penelaties and Interest Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Contextualising Employees Tax Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Identifying other types of employees Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.