![]() To reduce the compliance costs for very small companies, a turnover-based presumptive tax is available. Alternative turnover-based tax for very small companies Special CIT rates apply in certain industries, such as gold mining and long-term insurance ( see below). 28% on taxable income exceeding ZAR 550,000 (27% for tax years ending on or after 31 March 2023).21% on taxable income above ZAR 365,000 but not exceeding ZAR 550,000.7% on taxable income above ZAR 91,250 but not exceeding ZAR 365,000.0% on the first ZAR 91,250 of taxable income.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 before 31 March 2023: This rate will be reduced to 27% with effect for years of assessment ending on or after 31 March 2023. Non-residents are taxable on SA-source income.įor 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%. Top Tip: SARS won’t provide your tax number to another person, unless the person is your tax practitioner or has Power of Attorney (POA) to conduct your tax affairs.A South African (SA)-resident company is subject to CIT on its worldwide income, irrespective of the source of the income. Unsure whether you are registered or not?Īsk your Employer, or use the SARS online Query function or call our SARS Contact Centre on 0800 00 7277. Make sure you take along the necessary supporting documents. Request an appointment through the online eBooking form before you visit a branch.This service is not available to tax practitioners. This SMS service is only available to taxpayers/registered representatives who are registered for Personal Income Tax (PIT).Booking (Space) ID number/Passport number/ Asylum Seeker number. ![]() ![]() Send an SMS to 47277 (iSARS) with the information and format described below:.The following two eBooking appointment channels are ONLY available if you are already registered for tax: A SARS official will book the appointment on your behalf. The ONLY way to make an appointment if you are NOT registered yet, is toĬall the SARS Contact Centre on 0and select option 0 (zero).You must have an appointment first before going to a SARS branch.If you are NOT registered for tax yet, kindly note: Request an eBooking appointment with SARS: ![]()
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