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Assessed Loss for Provisional Tax purposes

Provisional Tax P2 – Assessed Loss 80 % Rule
The screen below depicts a ledger account for a company with an assessed loss brought forward. The screen is in edit mode. The system picks the assessed loss from assessments coming in now.
 
Assessed Loss for Provisional Tax purposes
1

3 Dots

1. 3 Dots
The 3 dots ... will open up the Estimate Income dialogue to allow the change of the estimated income or to insert the assessed loss details.
2

Loss Bfwd

2. Loss Bfwd
The loss brought forward is updated from the last assessment.
3

Allowable Loss

3. Allowable Loss
The allowable loss is limited to 80% of the normal income.
 
The ledger information on the review screen has an additional field.
 
 
The IRP6 form has been changed as follows.
 
 
18 January 2018