Archive for Tax Rates 2017

TAX RATES: 28 FEBRUARY 2018 – COMPANIES

TAX RATES: 28 FEBRUARY 2018 – COMPANIES

COMPANIES Normal Taxation Rate: 28% COMBINED TAX RATE OF COMPANY Note: Assumes all profits are declared as a dividend. Dividend Tax is a liability of the shareholder, while the normal tax is a company liability. SMALL BUSINESS CORPORATIONS Year ending between 1 April 2017 and…

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TAX RATES: 28 FEBRUARY 2018 – INDIVIDUALS

TAX RATES: 28 FEBRUARY 2018 – INDIVIDUALS

NATURAL PERSONS        

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TAX RATES: 28 FEBRUARY 2018 – TRUSTS

TAX RATES: 28 FEBRUARY 2018 – TRUSTS

  Note: A special trust is a trust created solely for the benefit of someone who suffers from a disability that prevents such person from earning sufficient income from their maintenance or from managing their own financial affairs. A special trust can also be created…

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TAX RATES: 28 FEBRUARY 2018 – MICRO BUSINESSES

TAX RATES: 28 FEBRUARY 2018 – MICRO BUSINESSES

TURNOVER TAX FOR MICRO BUSINESSES Financial years ending on any date between 1 March 2017 and 28 February 2018. Turnover tax for micro businesses is a simplified turnover based tax system substituting income tax and Capital Gains Tax. A micro business may voluntarily register for…

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CAPITAL GAINS TAX (CGT)

CAPITAL GAINS TAX (CGT)

Persons subject to CGT CGT is payable on capital gains that arise after 1 October 2001 by the following persons: Residents are subject to CGT on all assets including overseas assets; Non residents are subject to CGT on immovable property or any right or interest…

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WITHHOLDING TAX

WITHHOLDING TAX

Royalties A withholding tax of 15% is payable when royalties from a South African source are paid to non-residents, subject to certain exemptions. Interest A withholding tax of 15% is payable when interest from a South African source are paid to non-residents, subject to certain…

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