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