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 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 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
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