Difference between revisions of "South African Normal Tax Companies"
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|R0 to R75 000 | |R0 to R75 000 | ||
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|R75 001 to R365 000 | |R75 001 to R365 000 | ||
Revision as of 19:35, 17 July 2018
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 |
