Estimate an advance from turnover, the assessed rate and source withholding.
Enter the rate assessed for your business and the reporting-period turnover. Only enter eligible unused withholding for the same period. This estimate does not file or pay tax.
Complete the fields and select Calculate result. Enter 0 for costs that do not apply.
Calculated from your inputs. Figures are not saved or imported from your books. All amounts are in ILS. Results are rounded to two decimal places.
Multiply period turnover excluding VAT by the assessed advance rate, then subtract eligible unused withholding for that period. Payable cannot fall below zero.
ILS 50,000 turnover, a 5% assessed rate and ILS 500 eligible withholding give an ILS 2,000 advance.
No. It calculates an advance at an entered rate, not annual tax brackets, credits or a final assessment.
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