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How will my company be taxed, if so?

Posted 29 March 2015 under Tax Q&A


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MO says:
23 March 2015 at 16:47

I would like to know if my business is eligible for tax, I got a tender supply project which amounted to R230000

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
24 March 2015 at 13:19

Yes it is, businesses that make profits will all be eligible to pay tax on profits earned. It obviously gets more complicated, but essentially if a business makes taxable profits then a portion of that is paid over to SARS. Generally profits are taxed at 28% for a company.


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