These are our most common points of service that we provideour clients with
• Book Cleanup
• Business Budgeting and Forecasting
• Business Plans
• Cost Accounting
• Financial Planning
• Financial Reporting
• Financial Services
• In-House CFO
• Personal Financial Planning
• Personal Tax
• QuickBooks Consulting
• QuickBooks Setup
• QuickBooks Training
• Self-Employed Taxes
• Small Business Tax
• Startup Consulting
• Stock Services
• Sustainability Audit
• Tax Advice
• Tax Consulting Services
Tax and Vat
Business rescue (Rate Per Hour)
(Rate Per Hour)
Mbhuduma Business Solutions will guide your business in the necessary planning and strategy that it may need. Partner with us in growing your venture because we know how much your business means to you.
We provide all types of accounting, tax & audit services. Click on the button below to receive a quote.
Our specialised and affordable business advisory services will take your business into new heights
We provide monthly business development services at a really affordable rate.
Specialised Tax Services
Mbhuduma Business Solutions have a specialised Tax Services offering that will allow you to be 100% compliant when it comes to requirements from SARS. Don’t wait for the last minute, have a look at our pricing below and stay RISK FREE in your tax obligations.
If you are considering setting up a business, no doubt that one of the considerations will be the business tax rates in South Africa.
Below we give you an insight into not just the business tax rates in South Africa but also the South Africa Revenue service requirements, accounting procedures and employee taxation.
Please note that any reference to an external company is a foreign company with a ‘branch in South Africa’. You can read up more on the definition of an external company here.
Annual Tax Returns for Companies
All companies, including external companies and close corporations, are required by law to lodge their annual returns with CIPC (previously CIPRO) within a certain period of time every year. An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with.
Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to de-registration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.
Filing of annual returns
The Act makes a distinction between local companies and external companies’ annual returns, and the content of each differs. There will therefore be three annual return lodgement avenues namely for local companies, external companies and close corporations.
Annual returns for local and external companies must be filed within 30 business days from the anniversary date of incorporation. If filing is done later than the 30 business days an increased fee is payable up until the company is deregistered due to non-compliance.
Annual return fees
Filing within 30 business days after anniversary
Filing more than 30 business days after anniversary
Less than R1 million
R1 million but less than R10 million
R10 million but less than R25 million
R25 million or more
Business Tax rates in South Africa
*Normal company tax rate is 28%
* Branches 28%
Small business corporation
R0 – R67 111
R67 112 – R365 000
7 % above R67 111
R365 001 – R550 000
R20 852 + 21 % Above R365 000
R550 001 and above
R59 702 + 28 % Above R550 000
A small business corporation is classified as having a turnover threshold of R20-million per year.