Companies, Trusts and Small Business Corporations (SBC)

Companies

23 February 2022 – See change from the previous year:

Years of assessment ending on any date between or…Rate of Tax
on or after 31 March 202327%
between 1 April 2022 – 30 March 202328%
1 April 2021 – 31 March 2022       28%
1 April 2020 – 31 March 202128%
1 April 2019 – 31 March 202028%
1 April 2018 – 31 March 201928%
1 April 2017 – 31 March 201828%
1 April 2016 – 31 March 201728%
1 April 2015 – 31 March 201628%
1 April 2014 – 31 March 201528%
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:

TypeRate of tax
Personal service provider companies33%
Foreign resident companies which earn income from a source in South Africa33%

 

Trusts (other than special trusts)

23 February 2022 – No changes from last year:

Year of assessmentRate of Tax
1 March 2022 – 28 February 202345%
1 March 2021 – 28 February 202245%
1 March 2020 – 28 February 202145%
1 March 2019 – 29 February 202045%
1 March 2018 – 28 February 201945%
1 March 2017 – 28 February 201845%
1 March 2016 – 28 February 201741%
1 March 2015 – 29 February 201641%
1 March 2014 – 28 February 201540%

 

Small Business Corporations (SBC)

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
 

Financial years ending on any date between 1 April 2019 and 31 March 2020:

Taxable Income (R)Rate of Tax (R)
0 – 79 0000% of taxable income
79 001 – 365 0007% of taxable income above 79 000
365 001 – 550 00020 020 + 21% of taxable income above 365 000
550 001 and above58 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 1500% of taxable income
78 151 – 365 0007% of taxable income above 78 150
365 001 – 550 00020 080 + 21% of taxable income above 365 000
550 001 and above58 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 7500%
75 751 – 365 0007% of taxable income above 75 750
365 001 – 550 00020 248 + 21% of taxable income above 365 000
550 001 and above59 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 0000%
75 001 – 365 0007% of taxable income above 75 000
365 001 – 550 00020 300 + 21% of taxable income above 365 000
550 001 and above59 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 6500%
73 651 – 365 0007% of the amount above 73 650
365 001 – 550 00020 395 + 21% of the amount above 365 000
550 001 and above59 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 7000%
70 701 – 365 0007% of the amount above 70 700
365 001 – 550 00020 601 + 21% of the amount above 365 000
550 001 and above59 451 + 28% of the amount above 550 000

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