Part III
Estimates, returns, payments, adjusted estimates, refunds and records

[Part III, heading substituted by section 34(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]

5      Estimates, returns and payments

(1)     In respect of a year of assessment a registered person must—

(a)     estimate the royalty payable;

(b)     submit a return of that estimate; and

(c)     make a first payment equal to one-half of the amount of the royalty so estimated,

not later than six months after the first day of that year of assessment.

(2)     In respect of a year of assessment a registered person must—

(a)     estimate the royalty payable;

(b)     submit a return of that estimate; and

(c)     make a second payment equal to the amount of the royalty so estimated less the amount paid as mentioned in subsection (1),

by the last day of that year of assessment.

[Section  5 amended by section 36(1) of Act 8 of 2010, by section 271 read with paragraph 185(a) and (b) of Sch. 1 of Act 28 of 2011 and substituted by section 35(1) of Act 16 of 2016 effective on 1 January, 2017 and applicable in respect of years of assessment commencing on or after that date]