Provisional Tax

Overview

Provisional tax is filed and paid bi-annually by an individual or a company.

For an Individual Provisional Tax, the first tax payment is automatically computed to be 50% of the value of your previous year’s provisional tax. For example, if you paid 1000 for your PIT in the year 2022, then you have to pay 500 for the January-June 2023 filing period.

In cases where there are no PIT filings in the previous year, then you are not required to file the first PIT for the current year. However, you need to file the second PIT for the current year.

For a Company Provisional Tax, the fiscal year of the company is followed. For example, if the fiscal year is from June to May, then your first provisional payment is due on November 30th. Additionally, you should file your second provisional tax on November 30th and pay on or before May 31st.

To access the Provisional tax form, navigate to Tax Form.

Provisional Individual

Submit

To submit a provisional tax form for an individual, follow these steps:

  1. Verify that the values in the following fields are correct:
    • Tax Identification Number — automatically populated based on the selected TIN.
    • Taxpayer Name — automatically populated with the registered name associated with the selected TIN.
  2. Select a date in the Period End Date dropdown list that shows all due dates of tax obligations associated with the entered TIN.
  3. Enter a valid amount in the Estimated Taxable Income field. The Estimated Tax Payable field is automatically computed.
  4. Click Check Form to validate the filled-in form.
    If errors are found, an error message is displayed. Correct the errors before clicking Check Form again to enable the Submit button.
  5. Tick the checkbox to confirm that the information you provided is true and correct. Checking the box will enable the Submit button.
  6. Click Submit.

Provisional Company

Submit

To submit a provisional tax form for a company, follow these steps:

  1. Verify that the values in the following fields are correct:
    • Tax Identification Number — automatically populated based on the selected TIN.
    • Taxpayer Name — automatically populated with the registered name associated with the selected TIN.
  2. Select a date in the Period End Date dropdown list that shows all due dates of tax obligations associated with the entered TIN.
  3. Enter a valid amount in the Estimated Taxable Income field. The Estimated Tax Payable field is automatically computed.
  4. Click Check Form to validate the filled-in form.
    If errors are found, an error message is displayed. Correct the errors before clicking Check Form again to enable the checkbox.
  5. Tick the checkbox to confirm that the information you provided is true and correct. Checking the box will enable the Submit button.
  6. Click Submit.

Save a draft

You can now save a draft of the filled-out tax form by clicking the Save Draft button at any time before submitting it.