2022-SANT-Companies

Financial years ending on any date between 1 April 2019 and 31 March 2020

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 R79 000: R0 R79 001 to R365 000: 7% of the amount greater than R79 000 R365 001 to R550 000: R20 020 + 21% of the amount greater than R365 000 Greater than R550 000: R58 870 + 28% of the amount greater than R550 000