2012-SANT-Companies

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