Provisional tax payment

The deadline for submitting the return with your estimate for the provisional tax for 2016, and for the payment of the first of two instalments, is the 31st of July 2016.

You can revise your estimate of the provisional tax at any time up to the 31st of December 2016, by filing a revised return and paying the balance on any of the two instalments, calculated using the revised estimate, and deduction of any amounts already paid.

If the tax paid for the year through the declaration of provisional tax is less than 75% of the total tax for the year, then additional tax equal to 10% of the difference between the total tax and the tax paid through the provisional declaration shall be automatically imposed.