S.L. 372.18 Art. 12Revision of estimation.

(1) An amount that is provisionally deemed as the current year liability in accordance with rule 11 shall be revised as provided in sub-rule (2) when -

(a) a self assessment for the year of assessment in question is furnished to the Commissioner; or

(b) the Commissioner makes a determination in terms of article 31(3) of the Act with respect to the tax payable for the year of assessment in question and serves a notice of that determination on the provisional tax payer.

(2) When a revision falls to be made in terms of sub-rule (1) the current year liability for the purposes of rule 10 shall be deemed to be and to have always been the amount resulting to be payable in terms of the self assessment or the determination, as the case may be, and the provisions of rule 14 shall be construed accordingly.

(3) The foregoing provisions of this rule are without prejudice to the Commissioner’s powers to take action for the collection of any provisional tax due in an amount calculated under the provisions of rules 10 and 11 before a revision falls to be made in accordance with rule 12.