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Income Tax Act, 1962 (Act 58 of 1962)


Sixth Schedule : Determination of Turnover Tax payable by Micro Businesses

Part V : Administration

12. Estimated Interim Payments (Repealed)



[Paragraph 12 was repealed by the Tax Administration Act, 2011 (Act No. 28 of 2011)].


1) Where—
a) a registered micro business fails to make a payment as required by paragraph 11; or
b) the Commissioner is not satisfied with a payment made in terms of paragraph 11, the Commissioner may estimate the taxable turnover upon which turnover tax is payable and issue an assessment of the amount of turnover tax so payable by that registered micro business.


2) The Commissioner must give the registered micro business written notice of such assessment, stating the estimated taxable turnover upon which turnover tax is payable and the amount of turnover tax payable.


3) The amount of turnover tax payable in subparagraph (1) is deemed to be due on the date on which the payment in terms of paragraph 11 is due.


4) Where the Commissioner has issued an assessment in respect of the payment required in terms of paragraph 11(4), additional tax must not be imposed in terms of paragraph 11(6).