To see tax rates from 2014/5, see the Archive – Tax Rates webpage.
The Budget Tax guide as announced on 12 March 2025 and the updated version as on 21 May 2025 are published on the Budget webpage.
Companies
12 March 2025 – No changes:
| Years of assessment ending on any date from… | Rate of Tax |
|---|---|
| 1 April 2025 to 31 March 2026 | 27% |
| 1 April 2024 to 31 March 2025 | 27% |
| 31 March 2023 to 31 March 2024 | 27% |
| 1 April 2022 – 30 March 2023 | 28% |
| 1 April 2021 – 31 March 2022 | 28% |
| 1 April 2020 – 31 March 2021 | 28% |
Top Tip: Personal Service Providers are no longer taxed separately and are taxed as a company or as a Trust.
Trusts (other than special trusts)
12 March 2025 – No changes:
| Year of assessment | Rate of Tax |
|---|---|
| 1 March 2025 – 28 February 2026 | 45% |
| 1 March 2024 – 28 February 2025 | 45% |
| 1 March 2023 – 29 February 2024 | 45% |
| 1 March 2022 – 28 February 2023 | 45% |
| 1 March 2021 – 28 February 2022 | 45% |
Small Business Corporations (SBC)
12 March 2025 – No changes:
Years of assessment ending any date between 1 April 2025 and 31 March 2026
| 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 |
22 February 2023 – No changes from previous 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 |
