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Retained

  • Statutory Tax Rate 28
  • Surtax Based on Taxable Income 0
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 28

Statutory Tax Rate

The standard corporate tax rate is 28%. For the 12-month period commencing on or after 1 April 2021, qualifying small business corporations are subject to the following progressive rates:

  • Up to ZAR 87,300 - 0%
  • Over ZAR 87,300 up to 365,000 - 7%
  • Over ZAR 365,000 up to 550,000 - 21%
  • Over ZAR 550,000 - 28%

There is also a turnover based taxation regime with progressive rates of 0% to 3% for micro-enterprises with turnover not exceeding ZAR 1 million.