Page 42 - Profmark BSA Guide 2025

SMALL BUSINESS CORPORATIONS

Year ending between 1 April 2025 and 31 March 2026
R0 – R95 750 0% of taxable income
R95 751 – R365 000 7% of taxable income above R95 750
R365 001 – R550 000 R18 848 + 21% of taxable income above R365 000
R550 001 and above R57 698 + 27% of the amount above R550 000

Year ending between 1 April 2024 and 31 March 2025
R0 – R95 750 0% of taxable income
R95 751 – R365 000 7% of taxable income above R95 750
R365 001 – R550 000 R18 848 + 21% of taxable income above R365 000
R550 001 and above R57 698 + 27% of the amount above R550 000
A small business corporation is a close corporation, private company (other than
a personal service provider) or personal liability company of which:
■ the entire shareholding or membership is held by natural persons for the entire
year of assessment
■ the gross income does not exceed R20 million during the year of assessment
■ none of the members/shareholders, at any time during the year of assessment,
held shares in any other company other than listed companies, collective
investment schemes, body corporates, shareblock companies, certain
associations of persons, friendly societies, less than 5% interest in cooperatives,
venture capital company, shares in private companies that are inactive and have
assets of less than R5 000 or have taken steps to liquidate, wind-up or deregister
■ not more than 20% of the sum of gross income and capital gains consists of
investment income and income from the provision of personal services
■ if engaged in the provision of personal services, maintains at least three fulltime
employees who are not connected to shareholders

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