Calculating Provisional Tax – meaning and definition
Not only is calculating provisional tax correctly important, it’s also involves some guesswork. The amount and number of payments you’ll make during the year depends on which of the four methods you use to calculate it. The methods are the standard uplift method, estimation method, GST ratio method and accounting income method.
Calculating Provisional Tax – video guide
Sutherland Boyd, our Client Services Team Lead, summarises the major points on calculating provisional tax.