Companies Normal Taxation

Resident companies, non-resident companies/branch profits and personal service providers

Assessed losses of companies

The balance of assessed loss of a company, carried forward from a previous year of assessment, to be set-off against trading income of a current year of assessment, will be limited to the greater of:

• R1 million, and
• 80% of taxable income before taking into account any assessed loss.

Combined tax rate of resident company (as a percentage)

Note: Dividends Tax is the liability of the shareholder, while the normal tax is a company liability.

Disclaimer: The information contained in this article is a summary of current legislation and budget proposals proposed by the Minister of Finance on the 19th February 2025. We suggest that you do not act solely on material contained in the booklet as the nature of the information contained herein is general and may in certain circumstances be subject to misinterpretation. In addition, the budget proposals may not include all legislative adjustments which could be made in the near future. Consequently we recommend that our advice be sought when encountering these potentially problematic areas. While every care has been taken in the compilation of the booklet, no responsibility of any nature whatsoever shall be accepted for any inaccuracies, errors or omissions.