Difference between revisions of "2008-SANT-Companies"
(2008 South African Normal Tax for companies) |
|||
| Line 19: | Line 19: | ||
| R0 | | R0 | ||
|- | |- | ||
| − | | | + | |R43 001 to R300 000: |
| − | | | + | | 10% of the amount greater than R43 000 |
|- | |- | ||
| − | | | + | |R300 0001 and above: |
| − | | | + | | 29% of the amount greater than R300 001 |
|- | |- | ||
|Greater than R550 000: | |Greater than R550 000: | ||
Latest revision as of 14:00, 21 February 2020
For years of assessment ending on any date between 1 April 2007 and 31 March 2008
South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their taxable income at a rate of 29%
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 R43 000: | R0 |
| R43 001 to R300 000: | 10% of the amount greater than R43 000 |
| R300 0001 and above: | 29% of the amount greater than R300 001 |
| Greater than R550 000: | R59 150 + 28% of the amount greater than R550 000 |
