As part of South Africa's recently delivered 2015 Budget, the lowest tax bracket for qualifying small business corporations is increased from ZAR 70,700 to ZAR 73,650. The higher brackets will not be changed. The new brackets will apply for any year of assessment ending in the 12-month period ending 31 March 2016 as follows:
- up to ZAR 73,650 - 0%
- ZAR 73,651 up to 365,000 - 7%
- ZAR 365,001 up to 550,000 - 21%
- ZAR 550,001 and over - 28%
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