Chapter 2 - 3.6 - Computing Tax Payable or Repayable Flashcards
1
Q
How does one ensure employment income is not taxed twice?
A
The PAYE deducted at source is deducted from the income tax liability to give income tax payable
2
Q
When would a repayment be generated?
A
If the income tax already paid exceeds the income tax liability
