Solar Energy Tax Credit can be deducted for Provisional Tax

The Provisional Tax Return (IRP6) has been updated with a “Solar energy tax credit” field to enable provisional taxpayers to consider the tax credit in determining provisional tax payable for the second provisional period of the 2024 year of assessment. Consequently, taxpayers can now consider the solar energy tax credit when calculating the second-period provisional tax payment.

For more information, refer to sections 10.1 and 10.5 of the updated Guide for Provisional Tax – External Guide here.