2013-SANT-Companies

Financial years ending on any date between 1 April 2012 and 31 March 2013

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 R63 556:	R0
R63 557 to R350 000:	7% of the amount greater than R63 556
Greater than R350 000:	R20 051 + 28% of the amount greater than R350 000