Difference between revisions of "2023-South African Normal Tax-Companies"
| Line 1: | Line 1: | ||
| − | + | 2023 | |
| − | INCOME TAX: COMPANIES - Rate of Tax | + | Years of Assessment ending on any date on or after 31 March 2023. |
| + | INCOME TAX: COMPANIES - Rate of Tax 27% | ||
INCOME TAX: SMALL BUSINESS CORPORATIONS | INCOME TAX: SMALL BUSINESS CORPORATIONS | ||
| − | + | Years of assessment ending on any date between 1 April 2022 and 30 March 2023 | |
{| class="wikitable" style="margin:auto" | {| class="wikitable" style="margin:auto" | ||
|+ SMALL BUSINESS CORPORATIONS | |+ SMALL BUSINESS CORPORATIONS | ||
| Line 10: | Line 11: | ||
! Taxable Income (R) !! Rate of Tax | ! Taxable Income (R) !! Rate of Tax | ||
|- | |- | ||
| − | | 0 - | + | | 0 - 91 250 || 0% |
|- | |- | ||
| − | | | + | | 91 251 - 365 000 || 7% of the amount above 91 250 |
|- | |- | ||
| − | | 365 001 - 550 000 || | + | | 365 001 - 550 000 || 19 163 + 21% of the amount above 365 000 |
|- | |- | ||
| − | | 550 001 and above || | + | | 550 001 and above || 58 013 + 28% of the amount above 550 000 |
|} | |} | ||
[[Media:Budget-Tax-Guide-2022.pdf |Tax Guide 2023]] | [[Media:Budget-Tax-Guide-2022.pdf |Tax Guide 2023]] | ||
Latest revision as of 17:07, 1 February 2024
2023 Years of Assessment ending on any date on or after 31 March 2023. INCOME TAX: COMPANIES - Rate of Tax 27%
INCOME TAX: SMALL BUSINESS CORPORATIONS Years of assessment ending on any date between 1 April 2022 and 30 March 2023
| Taxable Income (R) | Rate of Tax |
|---|---|
| 0 - 91 250 | 0% |
| 91 251 - 365 000 | 7% of the amount above 91 250 |
| 365 001 - 550 000 | 19 163 + 21% of the amount above 365 000 |
| 550 001 and above | 58 013 + 28% of the amount above 550 000 |
