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Tax on Personal Liability Companies

Posted 3 February 2015

How does tax work for a Personal Liability Company (Incorporated)? Is it the same as a Private Company (Pty) Ltd or do special rules apply? Are there any tax benefits of a Personal Liability Company above a normal Private Company?

Thanks!

TaxTim TaxTim says:
5 February 2015 at 8:23

What sort of work will you be performing?

Ernest says:
5 February 2015 at 9:19

Accounting services mostly

TaxTim TaxTim says:
6 February 2015 at 11:41

Essentially the tax rules will still apply as per a normal company as the previous higher rate regime has changed. However you will not qualify for the special Small Business Tax due to being a Personal Services Company.

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