Tax Brackets 2024 South Africa Companies. Use our small business corporation income tax calculator to work out the tax payable on your business taxable income. 1% of taxable turnover above 335 000.

The tax brackets are often manipulated by the treasury to sneak in some ‘hidden’ taxes, which are not always that obvious at first glance. In a company, profits are taxed at a flat rate of 28% (except for company’s whose year end is on or after 31 march 2023, their tax rate is 27%), irrespective of the.