Difference between revisions of "2010-SANT-Companies"
(Created page with " 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 co...") |
|||
| Line 1: | Line 1: | ||
| − | + | Financial Years ending on any date between 1 April 2009 and 31 March 2010 | |
South African Normal Tax for Companies | South African Normal Tax for Companies | ||
| Line 16: | Line 16: | ||
|- | |- | ||
| − | |R0 to | + | |R0 to R54 200: |
| R0 | | R0 | ||
|- | |- | ||
| − | | | + | |R54 201 to R300 000: |
| − | | | + | | 10% of the amount greater than R54 200 |
| − | |||
| − | |||
| − | |||
|- | |- | ||
| − | |Greater than | + | |Greater than R300 000: |
| − | | | + | |R24 580 + 28% of the amount greater than R300 000 |
|- | |- | ||
|} | |} | ||
Latest revision as of 14:22, 21 February 2020
Financial Years ending on any date between 1 April 2009 and 31 March 2010
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 R54 200: | R0 |
| R54 201 to R300 000: | 10% of the amount greater than R54 200 |
| Greater than R300 000: | R24 580 + 28% of the amount greater than R300 000 |
