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SMALL BUSINESS TAX RATES

Which business qualifies for small business tax rates:


Turnover below R20 million 
All shareholders are natural persons 
Shareholders only have shares in one company. This relates to your business, can have shares in listed companies for example. 
Less than 20% of your turnover is from investment income 
Less than 20% of turnover is from providing a personal service 

 

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% 
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 – 75 750                  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:

Taxable income (R)     Rate of tax (R)
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