Difference between revisions of "South African Normal Tax Companies"
| Line 13: | Line 13: | ||
|- | |- | ||
| − | |R0 to R75 000 | + | |R0 to R75 000: |
| R0 | | R0 | ||
|- | |- | ||
| − | |R75 001 to R365 000 | + | |R75 001 to R365 000: |
| 7% of the amount greater than R75 000 | | 7% of the amount greater than R75 000 | ||
|- | |- | ||
| − | |R365 001 to R550 000 | + | |R365 001 to R550 000: |
| R20 300 + 21% of the amount greater than R365 000 | | R20 300 + 21% of the amount greater than R365 000 | ||
|- | |- | ||
| − | |Greater than R550 000 | + | |Greater than R550 000: |
|R59 150 + 28% of the amount greater than R550 000 | |R59 150 + 28% of the amount greater than R550 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 |
