| Years of assessment ending on any date from… | Rate of Tax |
|---|---|
| 1 April 2024 and thereafter | 27% |
| 31 March 2023 to 31 March 2024 | 27% |
| 01 April 2022 - 30 March 2023 | 28% |
| 01 April 2021 - 30 March 2022 | 28% |
Companies
Trusts (other than special trusts) – no changes from last year
| Years of assessment ending on any date from… | Rate of Tax |
|---|---|
| 01 March 2025 - 28 February 2026 | 45% |
| 01 March 2024 - 28 February 2025 | 45% |
| 01 March 2023 - 28 February 2024 | 45% |
| 01 March 2022 - 28 February 2023 | 45% |
| 01 March 2021 - 28 February 2022 | 45% |
Small Business Corporations (SBC)
See changes from last year:
Years of assessment ending any date between 1 April 2024 and 31 March 2025
| Taxable Income (R) | Rate of Tax |
|---|---|
| 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 |
Years of assessment ending on or after 31 March 2024
| Taxable Income (R) | Rate of Tax |
|---|---|
| 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 |
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