Dimitri: Created page with "Financial years ending on any date between 1 April 2023 and 31 March 2024 South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their ta..."

2022-03-25T07:04:43Z

Created page with "Financial years ending on any date between 1 April 2023 and 31 March 2024 South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their ta..."

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Financial years ending on any date between 1 April 2023 and 31 March 2024

South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their taxable income at a rate of 27%

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 R91 250:
| R0
|-
|R91 251 to R365 000:
| 7% of the amount greater than R91 250
|-
|R365 001 to R550 000:
| R19 163 + 21% of the amount greater than R365 000
|-
|Greater than R550 000:
|R58 013 + 27% of the amount greater than R550 000
|-

|}

2024-SANT-Companies - Revision history

Dimitri: Created page with "Financial years ending on any date between 1 April 2023 and 31 March 2024 South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their ta..."