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Income Tax Act, 1962 (Act 58 of 1962)


Fourth Schedule

Amounts to be Deducted or Withheld by Employers and Provisional Payments in respect of Normal Tax

Part III: Provisional Tax

23A.; 24.  Additional Provisional Tax Payments




(1) Any provisional taxpayer may for the purpose of avoiding or reducing his or her liability for any interest which may become payable by him or her in respect of any year of assessment under Chapter 12 of the Tax Administration Act, elect to make an additional payment of provisional tax in respect of such year.


(2)        [Subparagraph (2) deleted by the Tax Administration Act, 2011 (Act No. 28 of 2011)].


24 The Commissioner may absolve any provisional taxpayer from making payment of any amount of provisional tax payable in terms of paragraph 21(1)(a) or paragraph 23(a), if the Commissioner is satisfied that the taxable income which may be derived by such taxpayer for the year of assessment in question cannot be estimated on the facts available at the time when payment of the amount in question has to be made.

[Paragraph 24 substituted by section 12 of the Tax Administration Laws Amendment Act, 2014 (Act No. 44 of 2014)]