Doing business in South Africa: Introduction to corporate tax

Introduction to corporate tax in South Africa

South Africa applies a residence- based income tax system which means that persons regarded as South African Tax Residents are (subject to certain exclusions) taxed on their worldwide taxable income, irrespective of where the income is earned.

In certain instances, there are also source and deemed source rules which may apply.

From the perspective of a company, any organisation which is incorporated, established or formed in South Africa, or which has its place of effective management in South Africa would be regarded as being tax resident of South Africa.

This video offers an introduction to corporate tax in South Africa.