Difference between revisions of "2013-SANT-Companies"
(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...") |
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| − | + | Financial years ending on any date between 1 April 2012 and 31 March 2013 | |
South African Normal Tax for Companies | South African Normal Tax for Companies | ||
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| − | |R0 to | + | |R0 to R63 556: |
| R0 | | R0 | ||
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| − | | | + | |R63 557 to R350 000: |
| − | | 7% of the amount greater than | + | | 7% of the amount greater than R63 556 |
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| − | |||
| − | |||
|- | |- | ||
| − | |Greater than | + | |Greater than R350 000: |
| − | | | + | |R20 051 + 28% of the amount greater than R350 000 |
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Latest revision as of 14:42, 21 February 2020
Financial years ending on any date between 1 April 2012 and 31 March 2013
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 R63 556: | R0 |
| R63 557 to R350 000: | 7% of the amount greater than R63 556 |
| Greater than R350 000: | R20 051 + 28% of the amount greater than R350 000 |
