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Companies, Trusts and Small Business Corporations (SBC)

Companies

no changes from last year

​Financial years ending on any date between​Rate of Tax
​1 April 2021 – 31 March 2022​28%
​​​​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:

​Type​Rate of tax
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

Year of assessment​Rate of Tax
​1 March 2021 – 28 February 2022​45%
​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 201540%

 

Small Business Corporations (SBC)

See changes from last year

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
 

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:

Taxable Income (R)​Rate of Tax (R)​
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:

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 – 73 650​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:

​Taxable income (R)​Rate of tax (R)
​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

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