What is company tax in South Africa?
Income tax is a tax levied on all income and profit received by a taxpayer (which includes individuals, companies and trusts). … The form of tax that people generally associate with the concept of income tax is “normal” income tax.
How is company tax calculated?
This is a complicated question as the provisions of the tax act have to be applied and adhered to, this is the reason that a skilled individual who understands the provisions of the income tax act should determine your tax computation.