Companies
| ?Financial years ending on any date between | ?Rate of Tax |
|---|---|
| ?1 April 2016 – 31 March 2017 | ??28% |
| ?1 April 2015 – 31 March 2016 | ?28% |
| ?1 April 2014 – 31 March 2015 | ?28% |
| ?1 April 2013 – 31 March 2014 | ?28% |
| ?1 April 2012 – 31 March 2013 | ?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)
| Year of assessment | ?Rate of Tax |
|---|---|
| ??1 March 2016 – 28 February 2017 | ?41% |
| ?1 March 2015 – 29 February 2016 | ?41% |
| ?1 March 2014 – 28 February 2015 | 40% |
| ?1 March 2013 – 28 February 2014 | 40% |
| ?1 March 2012 – 28 February 2013 | 40% |
Small Business Corporations (SBC)
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 |
Financial years ending on any date between 1 April 2013 and 31 March 2014:
| ?Taxable income (R) | ?Rate of tax (R) |
|---|---|
| ?0 – 67 111 | ?0% |
| ?67 112 – 365 000 | ?7% of the amount above 67 111 |
| ?365 001 – 550 000 | ?20 852 + 21% of the amount above 365 000 |
| ?550 001 and above | ?59 702 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2012 and 31 March 2013:
| ?Taxable income (R) | ?Rate of tax (R) |
|---|---|
| 0 – 63 556 | ?0% |
| 63 557 – 350 000 | ?7% of the amount above 63 556 |
| 350 001 and above | 20 051 + 28% of the amount above 350 000 |