Small Business Tax Rates
Below is a summary of the small business tax rates for the financial years ending 28 February 2013, 2014, 2015, 2016, 2017, 2018,2019 and 2020
The Small business corporation tax rates for financial years ending between 1 April 2018 and 31 March 2020:
Taxable income: Tax rate:
R 0 - R 79,000 - No income tax payable
R 79,001 - R 365,000 - 7% of taxable income above R 79,000
R 365,001 - R 550,000 - R 20,020 + 21% of taxable income above R 365,000
Above R 550,000 - R 58,870 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2018 and 31 March 2019:
Taxable income: Tax rate:
R 0 - R 78,150 - No income tax payable
R 78,150 - R 365,000 - 7% of taxable income above R 78,150
R 365,001 - R 550,000 - R 20,080 + 21% of taxable income above R 365,000
Above R 550,000 - R 58,930 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2017 and 31 March 2018:
Taxable income Tax rate
R 0 - R 75,750 - No income tax payable
R 75,751 - R 365,000 - 7% of taxable income above R 75,750
R 365,001 - R 550,000 - R 20,248 + 21% of taxable income above R 365,000
Above R 550,000 - R 59,098 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2016 and 31 March 2017:
Taxable income Tax rate
R 0 - R 75,000 - No income tax payable
R 75,000 - R 365,000 - 7% of taxable income above R 75,000
R 365,001 - R 550,000 - R 20,300 + 21% of taxable income above R 365,000
Above R 550,000 - R 59,150 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2015 and 31 March 2016:
Taxable income Tax rate
R 0 - R 73,650 - No income tax payable
R 73,651 - R 365,000 - 7% of taxable income above R 73,650
R 365,001 - R 550,000 - R 20,395 + 21% of taxable income above R 365,000
Above R 550,000 - R 59,245 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2014 and 31 March 2015:
Taxable income Tax rate
R 0 - R 70,700 - No income tax payable
R 70,701 - R 365,000 - 7% of taxable income above R 70,700
R 365,001 - R 550,000 - R 20,601 + 21% of taxable income above R 365,000
Above R 550,000 - R 59,451 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2013 and 31 March 2014:
Taxable income Tax rate
R 0 - R 67,111 - No income tax payable
R 67,112 - R 365,000 - 7% of taxable income above R 67,111
R 365,001 - R 550,000 - R 20,852 + 21% of taxable income above R 365,000
Above R 550,000 - R 59,702 + 28% of taxable income above R 550,000
The Small business corporation tax rates for financial years ending between 1 April 2012 and 31 March 2013:
Taxable income Tax rate
R 0 - R 63,556 - No income tax payable
R 63,557 - R 350,000 - 7% of taxable income above R 63,557
Above R 350,000 - R 20,051 + 28% of taxable income above R 350,000.
Read more about the services we offer:
Employees tax (PAYE) or value added tax (VAT) registration.
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