Help with Journal entries

1

I’m new to doing my small company taxes and just want a bit of help with some entries.
When I pay the PAYG Instalment I DR to Provision for Tax and CR to bank.
Now at the end of the year do I do the entry of Provision of Tax to DR Income Tax Payable and CR Provision for Tax - thus the balance sheet at the end of the financial year has 0 in the provision for Tax?
I am not sure I am right in these entries.
Any help appreciated

2

This is an example of how to account for company income tax in Australia by way of journal entry.

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3

Thank you Tony, I had it all wrong