Companies, Trusts and Small Business Corporations (SBC)

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 202627%
1 April 2024 to 31 March 202527%
31 March 2023 to 31 March 202427%
1 April 2022 – 30 March 202328%
1 April 2021 – 31 March 2022       28%
1 April 2020 – 31 March 202128%

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 assessmentRate of Tax
1 March 2025 – 28 February 202645%
1 March 2024 – 28 February 202545%
1 March 2023 – 29 February 202445%
1 March 2022 – 28 February 202345%
1 March 2021 – 28 February 202245%

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 7500% of taxable income
95 751 – 365 0007% of taxable income above 95 750
365 001 – 550 00018 848 + 21% of taxable income above 365 000
550 001 and above57 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 7500% of taxable income
95 751 – 365 0007% of taxable income above 95 750
365 001 – 550 00018 848 + 21% of taxable income above 365 000
550 001 and above57 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 2500% of taxable income
91 251 – 365 0007% of taxable income above 91 250
365 001 – 550 00019 163 + 21% of taxable income above 365 000
550 001 and above58 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 2500% of taxable income
91 251 – 365 0007% of taxable income above 91 250
365 001 – 550 00019 163 + 21% of taxable income above 365 000
550 001 and above58 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 3000% of taxable income
87 301 – 365 0007% of taxable income above 87 300
365 001 – 550 00019 439 + 21% of taxable income above 365 000
550 001 and above58 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 1000% of taxable income
83 101 – 365 0007% of taxable income above 83 100
365 001 – 550 00019 733 + 21% of taxable income above 365 000
550 001 and above58 583 + 28% of the amount above 550 000

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