The First Quarterly Payment Date (QPD) is 25th March 2019. This means that 10% of the annual tax payable for the tax year ending 31st December 2019 is due on or before 25th March 2019.
For the purpose of calculating the Provisional Tax for each QPD, clients are required to estimate the annual tax due and calculate the respective percentage of tax due for the quarter. The annual estimated tax due should be revised to update the estimates every quarter. The remittance form for Provisional Tax payments - Form ITF 12B -must be completed in respect of each QPD payment.
