Difference between revisions of "2011-SANT-Companies"
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| − | + | Financial years ending on any date between 1 April 2010 and 31 March 2011 | |
South African Normal Tax for Companies | South African Normal Tax for Companies | ||
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| − | |R0 to | + | |R0 to R57 000: |
| R0 | | R0 | ||
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| − | | | + | |R57 001 to R300 000: |
| − | | | + | | 10% of the amount greater than R57 000 |
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| − | | | + | |Greater than R300 000: |
| − | | | + | |R2 4300 + 28% of the amount greater than R300 000 |
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Latest revision as of 14:29, 21 February 2020
Financial years ending on any date between 1 April 2010 and 31 March 2011
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:
| Taxable income | Tax |
|---|---|
| R0 to R57 000: | R0 |
| R57 001 to R300 000: | 10% of the amount greater than R57 000 |
| Greater than R300 000: | R2 4300 + 28% of the amount greater than R300 000 |
