Find out, if, when and what rates of income tax apply.
Company income tax
Companies and closed corporations pay income tax of 28% a year on their profit.
A company income tax return (IT14) is submitted to SARS within 12 months of the financial year end.
Trust income tax
A trust pays 45% income tax on their profits.
The trust income tax return (IT12TR) is submitted to SARS by 31 January each year.