Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

What percentage tax we would pay on our income per annum for our business?

Posted 16 January 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
We own a business and I need to know what percentage tax we would pay on our income per annum?

This entry was posted in Tax Questions and tagged . Bookmark the permalink.

TaxTimTaxTim says:
18 January 2015 at 20:15

Business tax is at 28% per annum on the taxable income unless you qualify as a small business for tax purposes in which case there are special rates.


Dee says:
19 January 2015 at 8:12

Thanks so much for the response. We are a small business, where would I find the special tax rates that are applicable to small businesses?


TaxTimTaxTim says:
19 January 2015 at 17:35

For the 2015 tax year the rates would be:

INCOME TAX: SMALL BUSINESS CORPORATIONS
Financial years ending on any date between 1 April 2014 and 31 March 2015
Taxable Income (R)
Rate of Tax (R)
0 - 70 700
0% of taxable income
70 701 - 365 000
7% of taxable income above 70 700
365 001 - 550 000
20 601 + 21% of taxable income above 365 000
550 001 and above
59 451 + 28% of the amount above 550 000


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →