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AS-IT-PT-01-A3 - EXAMPLE - FIRST PERIOD PERSONS UDNER 65 REV 5 _10.07.09_

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AS-IT-PT-01-A3 - EXAMPLE - FIRST PERIOD PERSONS UDNER 65 REV 5 _10.07.09_ Powered By Docstoc
					                                                                                                 EFFECTIVE DATE
                                                                                                      10.07.2009

1.    EXAMPLE – FIRST PERIOD PERSONS UNDER 65
                                                                                     For Office Use:   A      B X

                                                                    A. SARS Proposed               B. Taxpayer
                                                                        Calculation                  Estimate
                                                                     (see notes A&C)             (see notes B&C)
Estimated taxable income (see note A.3)                                  84 000.00                  70 520.00
Tax on estimated taxable income (see note C)                             15 120.00                  12 693.60
Less: Rebates                                                             9 756.00                   9 756.00
Tax for the full year                                                     5 364.00                   2 037.60
First period: Less half of the tax for the full year                      2 682.00                  14 168.80
Less: Employees’ tax for this period (6 months)                           2 000.00                   1 000.00
Less: Foreign tax credits for this period (6 months)                           0.00                      0.00
Tax payable for this period
                                                   Add: Penalty
                                                   Add: Interest
                          Total amount payable (see note D)                  682.00                    468.80

Do you wish to submit a lower estimate? (see note B.3) If YES, motivate your request below        YES X       NO

Motivation for lower estimate
Investment income decreased as some capital was used for improvements to my home.



Maximum 500 characters




Signature of the provisional taxpayer          Name of the provisional taxpayer or
                                                                                                       Date
     or representative taxpayer                    representative taxpayer




EXAMPLE    –     FIRST   PERIOD   PERSONS                    Revision: 5                                   Page 1 of 1
UNDER 65
AS-IT-PT-01-A3

				
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