Tax on Personal Liability Companies
Posted 3 February 2015 under
Tax Q&A
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!
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TaxTim says:
5 February 2015 at 8:23
What sort of work will you be performing?
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Ernest says:
5 February 2015 at 9:19
Accounting services mostly
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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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