C corktim Registered User Messages 173 18 Oct 2024 #1 Hi all, For preliminary tax for 2024 is the the tax liability before deduction of preliminary tax paid from previous year or after?
Hi all, For preliminary tax for 2024 is the the tax liability before deduction of preliminary tax paid from previous year or after?
J jpd Registered User Messages 4,224 19 Oct 2024 #2 Your preliminary tax payment should be 1. 100% of the tax paid in 2023 2. At least 90% of the tax due in 2024 When calculating the amount to pay, you can deduct the estimated tax you will pay in 2024 through the PAYE system, if any, from whatever value you calculated in 1 or 2 above
Your preliminary tax payment should be 1. 100% of the tax paid in 2023 2. At least 90% of the tax due in 2024 When calculating the amount to pay, you can deduct the estimated tax you will pay in 2024 through the PAYE system, if any, from whatever value you calculated in 1 or 2 above