Flat rate
15.0%
Duration
—
Prior non-residency
—
required before applying
Standard top income tax
45.0%
South Africa, without the regime
Overview
- Regime
- Special Economic Zones
- Country
- South Africa
- Type
- Flat rate
- Status
- Active
- Effective from
- Jan 1, 2014
- Expires on
- —
Details
- Summary
- Reduced CIT rate of 15% for qualifying companies in designated Special Economic Zones.
- Eligibility
- Companies operating in gazetted SEZs with an approved SEZ operator permit
- Benefits
- Reduced CIT rate of 15% (vs 27% standard). Building allowance of 10% per year. Employment tax incentive.
- Requirements
- Must conduct qualifying activities within a designated SEZ. Must meet employment and other conditions.
- Limitations
- Only covers income from SEZ activities. Standard rate applies to non-SEZ income.
- Income types covered
- Corporate income from qualifying activities in SEZ
- Duration details
- Ongoing while operating in SEZ
View source SARS