Companies
22 February 2023 – See change from the previous year:
| Years of assessment ending on any date between or… | Rate of Tax |
|---|---|
| on or after 31 March 2023 | 27% |
| between 1 April 2022 – 30 March 2023 | 28% |
| 1 April 2021 – 31 March 2022 | 28% |
| 1 April 2020 – 31 March 2021 | 28% |
| 1 April 2019 – 31 March 2020 | 28% |
| 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)
22 February 2023 – No changes from last year:
| Year of assessment | Rate of Tax |
|---|---|
| 1 March 2023 – 29 February 2024 | 45% |
| 1 March 2022 – 28 February 2023 | 45% |
| 1 March 2021 – 28 February 2022 | 45% |
| 1 March 2020 – 28 February 2021 | 45% |
| 1 March 2019 – 29 February 2020 | 45% |
| 1 March 2018 – 28 February 2019 | 45% |
| 1 March 2017 – 28 February 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)
22 February 2023 – See changes from last year:
Years of assessment ending any date between 1 April 2023 and
31 March 2024:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 95 750 | 0% of taxable income |
| 95 751 – 365 000 | 7% of taxable income above 95 750 |
| 365 001 – 550 000 | 18 848 + 21% of taxable income above 365 000 |
| 550 001 and above | 57 698 + 27% of the amount above 550 000 |
23 February 2022 – See changes from last year:
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 |
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 |
Financial years ending on any date between 1 April 2021 and 31 March 2022:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 87 300 | 0% of taxable income |
| 87 301 – 365 000 | 7% of taxable income above 87 300 |
| 365 001 – 550 000 | 19 439 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 289 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2020 and 31 March 2021:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 83 100 | 0% of taxable income |
| 83 101 – 365 000 | 7% of taxable income above 83 100 |
| 365 001 – 550 000 | 19 733 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 583 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2019 and 31 March 2020:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 0 – 79 000 | 0% of taxable income |
| 79 001 – 365 000 | 7% of taxable income above 79 000 |
| 365 001 – 550 000 | 20 020 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 870 + 28% of the amount above 550 000 |
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 |
