SA Budget 2018 – Tax rates for Companies, trusts and Small Business Corporations (SBC)

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

 

 

Last Updated: 24/02/2018