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Blue Moon (Pty) Ltd is not a small business corporation as defined. Its year of assessment ends on 31 March each year. Its records show
Blue Moon (Pty) Ltd is not a small business corporation as defined. Its year of assessment ends on 31 March each year. Its records show the following: Tax Year Taxable income Date of Assessment 2017 1 200 000 04 April 2017 2018 1 400 000 15 September 2018 2019 1 700 000 Estimated -not yet assessed 2.1 [12] Calculate the first and second provisional tax payments for the 2017 year of assessment. Clearly state on which date the payment must be made. 2.2 For the first provisional tax payment for the 2017 year of assessment, what will the basic amount be if the 2016 assessment was issued on 15 June 2016? [2]
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