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South Africa Corporate Tax 2024

Calculate CIT, Provisional Tax, and SBC Rates for Tax Year 2024.

🏢 Company Details

Company Name

Tax Year

SBC Status

Small Business Corp (SBC) Rates?

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📊 Income & Expenses

Turnover / Revenue (R)

Cost of Sales (COGS)

Operating Expenses

Depreciation (Accounting)

This will be added back for tax purposes.

⚙️ Tax Adjustments

Capital Allowances (S12C/E/etc) Deduction

Wear and tear claimed for tax.

Other Add-backs (R)

Other Deductions (R)

Net Capital Gains (R)

80% included.

Assessed Loss B/Fwd

Provisional Tax Paid YTD (R)

💵 Tax Liability

Enter values to compute Corporate Tax.

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Understanding Corporate Tax 2024

Key Rates (2024 Tax Year)

Standard Rate: 27% (For years of assessment ending on or after 31 March 2023).
Small Business Corps (SBC): Progressive tax relief for qualifying small businesses.
Capital Gains Inclusion: 80% of net capital gains are taxable.
Assessed Losses: Limited to 80% usage of taxable income or R1 million (whichever is higher) for years ending on or after 31 March 2023.

Deadlines

1st Provisional: 6 months into tax year.
2nd Provisional: End of tax year.
Top-up (3rd): 6 months after year-end (or 7 months for Feb year-end).
IT14 Return: 12 months after financial year end.

Disclaimer: This calculator provides estimates based on SARS 2024 tax year rates (years ending 1 Apr 2023 - 31 Mar 2024). Actual liability may vary. Consult a registered tax practitioner.