Category: Paragraph 23A (Fourth Schedule) – Additional provisional tax payments

Paragraph 23A

 

  1. Heading inserted by section 42 of Act 121 of 1984 and substituted by section 28 of Act 65 of 1986.

 

  1. Subparagraph (1) to be substituted by section 271 of Act 28 of 2011 effective on a date determined by the President by proclamation in the Gazette.

 

  1. Paragraph 23A inserted by section 42 of Act 121 of 1984 and substituted by section 28 of Act 65 of 1986.

 

  1. Subparagraph (2) to be deleted by section 271 of Act 28 of 2011 effective on a date determined by the President by proclamation in the Gazette.

Paragraph 23A (Fourth Schedule) – Additional provisional tax payments

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23A.      ADDITIONAL PROVISIONAL TAX PAYMENTS

 

(1)     Any provisional taxpayer may for the purpose of avoiding or reducing his liability for any interest which may become payable by him in respect of any year of assessment under section 89quat, elect to make an additional payment of provisional tax in respect of such year.

 

(2)     If any additional payment of provisional tax contemplated in subparagraph (1) is paid after the end of the period ending on the effective date in relation to the said year as determined under section 89quat(1), such payment shall be deemed for the purposes of section 89bis(2) to be an amount of provisional tax which was payable within the said period.