• Corporate tax rates for 2013/2014 tax year

    Posted on March 1, 2013 by PGH Chartered Accountants (S.A.) in Accounting news, Tax guide for 2013/2014, Tax news.

    CORPORATE INCOME TAX RATES – 2013/2014

    YEARS OF ASSESSMENT ENDING BETWEEN

    1 APRIL 2013 AND   31 MARCH 2014

    Normal tax

     
    Companies and   close corporations Basic rate 28%
    Personal   service provider companies Basic rate 28%
    Foreign   resident companies which earn income from a SA source Basic rate 28%

    SMALL BUSINESS CORPORATIONS (AS DEFINED)

     

    YEARS OF ASSESSMENT ENDING BETWEEN

    1 APRIL 2013 AND   31 MARCH 2014

    Taxable   income

    Rate   of tax

    R

    R

    0   – 67 111 0%   of taxable income
    67   112 – 365 000 7%   of taxable income above  67 111
    365   001 – 550 000 R 20   852 + 21% of taxable income above  365   000
    550   001 and above R 59   702 + 28% of taxable income above  550   000

                      

    TURNOVER TAX FOR MICRO BUSINESSES (AS DEFINED)

     

    YEARS OF ASSESSMENT ENDING BETWEEN

    1   APRIL 2013 AND 31 MARCH 2014

    Taxable   turnover

    Rate of tax

    R

    R

    0 –   150 000 0%   of taxable turnover
    150   001 – 300 000 1%   of taxable turnover above  150 000
    300   001 – 500 000 1   500 + 2% of taxable turnover above  300   000
    500   001 – 750 000 5   500 + 4% of taxable turnover above  500   000
    750   001 and above 15   500 + 6% of taxable turnover above  750   000

     Please note that while every effort is made to ensure accuracy PGH Chartered Accountants (S.A.) & Auditors does not accept responsibility for any inaccuracies or errors contained herein.

     

     

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