Trading Stock, Companies
and Dividend Tax
Companies are defined as:
• All SA Cos
• Public entities
• Foreign Companies
• Co-operatives
• SA Charities
• Collective investment schemes
• Foreign Collective investment schemes
• CCs
Year of assessment for a company end when the Financial year ends
Tax rates:
Normal Co or CC = 28%
Small Business Corporation = 0%; 7%; 21%; 28%
Small Business Corp defined as:
–CC/Private company
–Only natural persons as shareholders
–Gross income < R20 million
–Shareholders do not have shares in other companies
–<20% of income from investment income/personal services
Close Corporations
© 1-10 members who are all natural persons
© YOA = Financial Year
© 28% tax rate
and Dividend Tax
Companies are defined as:
• All SA Cos
• Public entities
• Foreign Companies
• Co-operatives
• SA Charities
• Collective investment schemes
• Foreign Collective investment schemes
• CCs
Year of assessment for a company end when the Financial year ends
Tax rates:
Normal Co or CC = 28%
Small Business Corporation = 0%; 7%; 21%; 28%
Small Business Corp defined as:
–CC/Private company
–Only natural persons as shareholders
–Gross income < R20 million
–Shareholders do not have shares in other companies
–<20% of income from investment income/personal services
Close Corporations
© 1-10 members who are all natural persons
© YOA = Financial Year
© 28% tax rate
