FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


How will my company be taxed, if so?

Posted 29 March 2015

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

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.

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




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.