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 corpo..."

2018-07-17T19:48:05Z

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 corpo..."

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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
|-

|}

South African Normal Tax Companies 2017 - Revision history

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 corpo..."