Companies, trusts and Small Business Corporations (SBC)
Companies – no changes from last year
??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:
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
??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:
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:
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:
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:
?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:
?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 |