2024-SANT-Companies

Financial years ending on any date between 1 April 2023 and 31 March 2024

South African Normal Tax for Companies Ordinary companies are required to pay normal tax on their taxable income at a rate of 27%

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 R91 250:	R0
R91 251 to R365 000:	7% of the amount greater than R91 250
R365 001 to R550 000:	R19 163 + 21% of the amount greater than R365 000
Greater than R550 000:	R58 013 + 27% of the amount greater than R550 000