INCOME TAX: COMPANIES
Years of assessment, ending on any date between 1 April 2022 and 30 March 2023. Type Rate of Tax (R) Companies 28% of taxable income
Years of assessment ending on any date on or after 31 March 2023. Type Rate of Tax (R) Companies 27% of taxable income
INCOME TAX: SMALL BUSINESS CORPORATIONS
Years of assessment, ending on any date between 1 April 2022 and 30 March 2023.
Taxable Income (R) Rate of Tax (R)
1 – 91 250 0% of taxable income
91 251 – 365 000 7% of taxable income above 91 250
365 001 – 550 000 19 163 + 21% of taxable income above 365 000
550 001 and above 58 013 + 28% of the amount above 550 000
Years of assessment ending on or after 31 March 2023.
Taxable Income (R) Rate of Tax (R)
1 – 91 250 0% of taxable income
91 251 – 365 000 7% of taxable income above 91 250
365 001 – 550 000 19 163 + 21% of taxable income above 365 000
550 001 and above 58 013 + 27% of the amount above 550 000
TURNOVER TAX FOR MICRO-BUSINESSES
Years of assessment ending on any date between 1 March 2022
and 28 February 2023.
Taxable turnover (R) Rate of tax (R)
1 – 335 000 0% of taxable turnover
335 001 – 500 000 1% of taxable turnover above 335 000
500 001 – 750 000 1 650 + 2% of taxable turnover above 500 000
750 001 and above 6 650 + 3% of taxable turnover above 750 00