Maintenance Act, 1998
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)Rates of Normal Tax - 2013Paragraph 5 |
| 5. | The rate of tax referred to in section 2(1) of this Act to be levied in respect of the taxable income of any company which qualifies as a small business corporation as defined in section 12E of the Income Tax Act, 1962, in respect of any year of assessment ending during the period of 12 months ending on 31 March 2014 is set out in the table below: |
|
Taxable income |
Rate of tax |
|
Not exceeding R67 111 |
0 per cent of taxable income |
|
Exceeding R67 111 but not exceeding R365 000 |
7 per cent of amount by which taxable income exceeds R67 111 |
|
Exceeding R365 000 but not exceeding R550 000 |
R20 852 plus 21 per cent of amount by which taxable income exceeds R365 000 |
|
Exceeding R550 000 |
R59 702 plus 28 per cent of amount by which taxable income exceeds R550 000 |
