Companies, trusts and Small Business Corporations (SBC)

Companies – no changes from last year

‹Financial years ending on any date between ‹Rate of Tax
‹1 April 2018 – 31 March 2019 ‹28%
‹1 April 2017 – 31 March 2018 ‹28%
‹1 April 2016 – 31 March 2017 ‹28%
‹1 April 2015 – 31 March 2016 ‹28%
‹1 April 2014 – 31 March 2015 ‹28%


Top Tip: 
Personal Service Providers are no longer taxed separately and are taxed as a company or as a Trust.

The following rates of tax apply for financial years ending on any date between 1 April 2011 – 31 March 2012 for:

‹Type ‹Rate of tax
Personal service provider companies ‹33%
‹Foreign resident companies which earn income from a source in South Africa ‹33%

 

Trusts (other than special trusts) – no changes from last year

Year of assessment ‹Rate of Tax
‹‹1 March 2018 – 28 Febrary 2019 ‹45%
‹1 March 2017 – 28 Febrary 2018 ‹45%
‹‹1 March 2016 – 28 February 2017 ‹41%
‹1 March 2015 – 29 February 2016 ‹41%
‹1 March 2014 – 28 February 2015 ‹40%

Small Business Corporations (SBC) – see changes from last year

Financial years ending on any date between 1 April 2018 and 31 March 2019:

Taxable Income (R)‹ Rate of Tax (R)‹
0 – 78 150‹ ‹0% of taxable income
‹78 151 – 365 000 ‹7% of taxable income above 78 150
‹365 001 – 550 000 ‹20 080 + 21% of taxable income above 365 000
‹550 001 and above ‹58 930 + 28% of the amount above 550 000

Financial years ending on any date between 1 April 2017 and 31 March 2018:

Taxable income (R) ‹Rate of tax (R)
0 – 75 750 0%
75 751 – 365 000 7% of taxable income above 75 750
‹365 001 – 550 000 20 248 + 21% of taxable income above 365 000
‹550 001 and above 59 098 + 28% of taxable income above 550 000

 

Financial years ending on any date between 1 April 2016 and 31 March 2017:

Taxable income (R) ‹Rate of tax (R)
0 – 75 000 0%
‹75 001 – 365 000 7% of taxable income above 75 000
‹365 001 – 550 000 20 300 + 21% of taxable income above 365 000
‹550 001 and above 59 150 + 28% of taxable income above 550 000

 

Financial years ending on any date between 1 April 2015 and 31 March 2016:

Taxable income (R) ‹Rate of tax (R)
‹0 – 73 650 ‹0%
‹73 651 – 365 000 ‹7% of the amount above 73 650
‹365 001 – 550 000 ‹20 395 + 21% of the amount above 365 000
‹550 001 and above ‹59 245 + 28% of the amount above 550 000

Financial years ending on any date between 1 April 2014 and 31 March 2015:

‹Taxable income (R) ‹Rate of tax (R)
‹0 – 70 700 ‹0%
‹70 701 – 365 000 ‹7% of the amount above 70 700
‹365 001 – 550 000 ‹20 601 + 21% of the amount above 365 000
‹550 001 and above ‹59 451 + 28% of the amount above 550 000

 

 

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