Difference between revisions of "2017-SANT-Companies"
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South African Normal Tax for Companies | South African Normal Tax for Companies | ||
Latest revision as of 14:54, 21 February 2020
Financial years ending on any date between a April 2016 and 31 March 2017
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 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 |
