Difference between revisions of "2024-South African Normal Tax-Companies"
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| + | 2024 | ||
| + | Years of Assessment ending on any date between 1 April 2023 and 31 March 2024. | ||
| + | INCOME TAX: COMPANIES - Rate of Tax 27% | ||
| + | |||
| + | INCOME TAX: SMALL BUSINESS CORPORATIONS | ||
| + | Years of assessment ending on any date between 1 April 2023 and 31 March 2024 | ||
| + | {| class="wikitable" style="margin:auto" | ||
| + | |+ SMALL BUSINESS CORPORATIONS | ||
| + | |- | ||
| + | ! Taxable Income (R) !! Rate of Tax | ||
| + | |- | ||
| + | | 0 - 95 750 || 0% | ||
| + | |- | ||
| + | | 95 751 - 365 000 || 7% of the amount above 95 750 | ||
| + | |- | ||
| + | | 365 001 - 550 000 || 18 848 + 21% of the amount above 365 000 | ||
| + | |- | ||
| + | | 550 001 and above || 57 698 + 28% of the amount above 550 000 | ||
| + | |} | ||
[[Media:2023_Budget_Tax_Rates_guide.pdf |Tax Guide 2024]] | [[Media:2023_Budget_Tax_Rates_guide.pdf |Tax Guide 2024]] | ||
Latest revision as of 17:10, 1 February 2024
2024 Years of Assessment ending on any date between 1 April 2023 and 31 March 2024. INCOME TAX: COMPANIES - Rate of Tax 27%
INCOME TAX: SMALL BUSINESS CORPORATIONS Years of assessment ending on any date between 1 April 2023 and 31 March 2024
| Taxable Income (R) | Rate of Tax |
|---|---|
| 0 - 95 750 | 0% |
| 95 751 - 365 000 | 7% of the amount above 95 750 |
| 365 001 - 550 000 | 18 848 + 21% of the amount above 365 000 |
| 550 001 and above | 57 698 + 28% of the amount above 550 000 |
