3rd Top Up Payment for Provisional Taxpayers: A Clarification

Many taxpayers mistakenly believe they can delay their provisional tax payments until the third "top-up" payment deadline—only to face unexpected penalties and interest charges. In this article, we break down the real purpose of the third provisional tax payment, clarifying why it is meant for fine-tuning rather than covering missed obligations. Read about who qualifies as a provisional taxpayer, key payment deadlines, and the consequences of underestimating taxable income. If you're unsure about how to manage your provisional tax correctly and avoid costly mistakes, this guide will provide the clarity you need.