Income Tax

Corporate Income Tax / Personal Income Tax

A South African (SA)-resident company is subject to CIT on its worldwide income, irrespective of the source of the income. Non-residents are taxable on SA-source income.

For tax years ending before 31 March 2023, the CIT rate applicable to the corporate income of both resident and non-resident companies is a flat 28%. This rate is reduced to 27% with effect for years of assessment ending on or after 31 March 2023.

Small business corporations that meet the requirements (including only natural persons as members/owners and with gross income of not more than ZAR 20 million) are taxed at the following rates for tax years ending on any date between 1 April 2025 and 31 March 2026:

  • 0% on the first ZAR 95,750 of taxable income.
  • 7% on taxable income above ZAR 95,750 but not exceeding ZAR 365,000.
  • ZAR 18,848 + 21% on taxable income above ZAR 365,000 but not exceeding ZAR 550,000.
  • ZAR 57,698 + 27% on taxable income exceeding ZAR 550,000.
 

Businesses have a legal obligation to file income tax returns that declare their profits or losses for the designated tax period. We are committed to being your resource, ensuring you do not fall into disfavor with the South African Revenue Service (SARS), thereby sidestepping penalties and interest. Our services are designed to help you maximize your allowable claims, which may otherwise be missed due to insufficient tax knowledge or the challenge of keeping accurate expense records.

It is mandatory for businesses to submit their provisional tax returns (IRP6) twice a year and their income tax returns (ITR14) once a year. Consult with our knowledgeable specialists, who have significant experience in corporate income tax, to enhance your cost-effectiveness and save valuable time.

Tax Services

  • Strategic Tax Planning
  • Company Taxation Services
  • Individual tax returns
  • VAT returns and registrations
  • Payroll returns and registrations
  • Tax registrations
  • Customs registration
  • Tax compliance status
  • SARS liaising and consulting
  • Tax implications on Loans to Shareholders and Directors
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