Company Income Tax Return
Annual income tax return for companies registered in South Africa.
C1
Gross Income
Total revenue and income from all sources before any deductions or exemptions.
C2
Cost of Sales
Direct costs attributable to goods sold or services rendered. Includes materials, direct labour, and manufacturing overheads.
C3
Gross Profit
Gross income less cost of sales. The starting point for calculating taxable income.
C4
Operating Expenses
All allowable business expenses including salaries, rent, utilities, depreciation, and other operational costs.
C5
Net Profit Before Tax
Gross profit less operating expenses and other deductions. Subject to tax adjustments.
C6
Tax Adjustments
Additions and deductions to accounting profit for tax purposes. Includes disallowed expenses and special allowances.
C7
Taxable Income
Net profit after tax adjustments. Corporate tax rate is 27% for financial years ending on or after 31 March 2023.
C8
Tax Payable
Total tax liability calculated at the corporate rate. Reduced by any assessed losses brought forward.