Corporate Provisional Tax

Provisional tax return for companies, similar to individual IRP6.

CP1 Estimated Taxable Income

Company estimated taxable income for the year of assessment. Must be reasonable and based on available information.

CP2 Tax at Corporate Rate

Tax calculated at the corporate rate of 27% on estimated taxable income.

CP3 Less: STC Credits

Secondary Tax on Companies credits from the old STC regime, still available to reduce corporate tax liability.

CP4 Less: Foreign Tax Credits

Tax paid to foreign governments on income also taxable in South Africa, subject to section 6quat.

CP5 Less: Previous Payments

Provisional tax already paid for this tax year in previous periods.

CP6 Amount Payable

Net provisional tax payable after deducting all credits and previous payments.