Difference between revisions of "2012-SANT-Companies"
| Line 16: | Line 16: | ||
|- | |- | ||
| − | |R0 to | + | |R0 to R59 750: |
| R0 | | R0 | ||
|- | |- | ||
| − | | | + | |R59 751 to R300 000: |
| − | | | + | | 10% of the amount greater than R75 000 |
|- | |- | ||
| − | + | |Greater than R300 000: | |
| − | + | |R24 025 + 28% of the amount greater than R550 000 | |
| − | |||
| − | |Greater than | ||
| − | | | ||
|- | |- | ||
|} | |} | ||
Latest revision as of 14:38, 21 February 2020
Financial years ending on any date between 1 April 2011 and 31 March 2012
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 R59 750: | R0 |
| R59 751 to R300 000: | 10% of the amount greater than R75 000 |
| Greater than R300 000: | R24 025 + 28% of the amount greater than R550 000 |
