Applicable Tax rates
SBC tax rates for financial years ending on any date between 1 April 2016 and 31 March 2017:
| Taxable income (R) | Rate of Tax (R) |
|---|---|
| 0 – 75 000 | 0% of taxable income |
| 75 001 – 365 000 | 7% of taxable income above 75 000 |
| 365 001 – 550 000 | 20 300 + 21% of taxable income above 365 000 |
| 550 001 and above | 59 150 + 28% of taxable income above 550 000 |
SBC tax rates for financial years ending on any date between 1 April 2015 and 31 March 2016:
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 73 650 | 0% |
| 73 651 – 365 000 | 7% of the amount above 73 650 |
| 365 001 – 550 000 | 20 395 + 21% of the amount above 365 000 |
| 550 001 and above | 59 245 + 28% of the amount above 550 000 |