South Africa Corporate Income Tax

South African resident companies are taxed at a flat rate of 27% on worldwide taxable income. Small business corporations (SBCs) with turnover below R20 million benefit from a graduated tax scale with rates starting at 0% on the first R95,750. The micro business turnover tax regime offers simplified taxation for qualifying businesses with turnover up to R1 million. Companies may also claim various allowances, including accelerated depreciation on certain assets and incentives for research and development.