Difference between revisions of "2020-South African Normal Tax-Companies"
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| + | 2020 | ||
| + | INCOME TAX: COMPANIES - Rate of Tax 28% | ||
| + | |||
| + | INCOME TAX: SMALL BUSINESS CORPORATIONS | ||
| + | Financial years ending on any date between 1 April 2019 and 31 March 2020 | ||
| + | {| class="wikitable" style="margin:auto" | ||
| + | |+ SMALL BUSINESS CORPORATIONS | ||
| + | |- | ||
| + | ! Taxable Income (R) !! Rate of Tax | ||
| + | |- | ||
| + | | 0 - 79 000 || 0% | ||
| + | |- | ||
| + | | 79 001 - 365 000 || 7% of the amount above 79 000 | ||
| + | |- | ||
| + | | 365 001 - 550 000 || 20 020 + 21% of the amount above 365 000 | ||
| + | |- | ||
| + | | 550 001 and above || 58 870 + 28% of the amount above 550 000 | ||
| + | |} | ||
[[Media:Budget_Tax_Guide_2019.pdf |Tax Guide 2020]] | [[Media:Budget_Tax_Guide_2019.pdf |Tax Guide 2020]] | ||
Latest revision as of 16:57, 1 February 2024
2020 INCOME TAX: COMPANIES - Rate of Tax 28%
INCOME TAX: SMALL BUSINESS CORPORATIONS Financial years ending on any date between 1 April 2019 and 31 March 2020
| Taxable Income (R) | Rate of Tax |
|---|---|
| 0 - 79 000 | 0% |
| 79 001 - 365 000 | 7% of the amount above 79 000 |
| 365 001 - 550 000 | 20 020 + 21% of the amount above 365 000 |
| 550 001 and above | 58 870 + 28% of the amount above 550 000 |
