2011-SANT-Companies

Financial years ending on any date between 1 April 2010 and 31 March 2011

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 R57 000:	R0
R57 001 to R300 000:	10% of the amount greater than R57 000
Greater than R300 000:	R2 4300 + 28% of the amount greater than R300 000