2009-SANT-Companies - Revision history

Dimitri at 14:10, 21 February 2020

2020-02-21T14:10:55Z

Dimitri: 2009 South African Normal tax For Companies

2020-02-21T14:10:32Z

2009 South African Normal tax For Companies

Dimitri: Created page with " South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their taxable income at a rate of 28% A company qualifies for small business co..."

2020-02-21T12:52:01Z

Created page with " South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their taxable income at a rate of 28% A company qualifies for small business co..."

New page

South African Normal Tax for Companies
Ordinary companies are required to pay normal tax on their taxable income at a rate of 28%

A company qualifies for small business corporations tax if it meets the requirements of Section 12E(4)(a) of the Income Tax Act.
The rate is determined by reference to a sliding scale depending on the magnitude of the taxable income:

{|
! style="text-align:left;"| Taxable income
! Tax

|-

|-
|R0 to R75 000:
| R0
|-
|R75 001 to R365 000:
| 7% of the amount greater than R75 000
|-
|R365 001 to R550 000:
| R20 300 + 21% of the amount greater than R365 000
|-
|Greater than R550 000:
|R59 150 + 28% of the amount greater than R550 000
|-

|}

@@ Line 24: / Line 24: @@
 |R300 001 and above:
 | 28% of the amount greater than R300 000
 |-
 |}

@@ Line 1: / Line 1: @@
+Financial years ending on any date between 1 April 2008 and 31 March 2009
 South African Normal Tax for Companies
@@ Line 16: / Line 16: @@
 |-
-|R0 to R75 000:
+|R0 to R46 000:
 | R0
 |-
-|R75 001 to R365 000:
+|R46 001 to R300 000:
-| 7% of the amount greater than R75 000
+| 10% of the amount greater than R75 000
 |-
-|R365 001 to R550 000:
+|R300 001 and above:
-| R20 300 + 21% of the amount greater than R365 000
+| 28% of the amount greater than R300 000
 |-
 |Greater than R550 000: