| (a) | estimate the royalty payable; |
| (b) | submit a return of that estimate; and |
| (c) | make a first payment equal to one-half of the amount of the royalty so estimated, |
not later than six months after the first day of that year of assessment.
| (2) | In respect of a year of assessment a registered person must— |
| (a) | estimate the royalty payable; |
| (b) | submit a return of that estimate; and |
| (c) | make a second payment equal to the amount of the royalty so estimated less the amount paid as mentioned in subsection (1), |
by the last day of that year of assessment.
[Subsection 5 substituted by section 35(1) of the Tax Administration Laws Amendment Act, 2016 (Act No. 16 of 2016)]
