2014-SANT-Companies
Financial years ending on any date between 1 April 2013 and 31 March 2014
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 R67 111: | R0 |
| R67 111 to R365 000: | 7% of the amount greater than R67 111 |
| R365 001 to R550 000: | R20 852 + 21% of the amount greater than R365 000 |
| Greater than R550 000: | R59 702 + 28% of the amount greater than R550 000 |
