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News & Press: Corporate Tax

Small business corporations tax relief (Budget 2013)

28 February 2013   (0 Comments)
Posted by: SAIT Technical
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By SAIT Technical

The maximum annual gross income limit to qualify as a small business corporation has been increased from R14 million to R20 million.

The following new tax rate structure for small business corporations was announced in the latest budget:

Taxable income

Rate

R0 - R67 111

0%

R67 112 – R365 000

7%

R365 001 – R550 000

21%

Above R550 001

28%



 

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