Tax on Personal Liability Companies

By Marc Sevitz · Updated

How does tax work for a Personal Liability Company (Incorporated)? Is it the same as a Private Company (Pty) Ltd or do special rules apply? Are there any tax benefits of a Personal Liability Company above a normal Private Company?

Thanks!
TaxTim Marc

TaxTim Marc said:
5 February 2015 at 8:23

What sort of work will you be performing?
Ernest

Ernest said:
5 February 2015 at 9:19

Accounting services mostly
TaxTim Marc

TaxTim Marc said:
6 February 2015 at 11:41

Essentially the tax rules will still apply as per a normal company as the previous higher rate regime has changed. However you will not qualify for the special Small Business Tax due to being a Personal Services Company.
Salary / IRP5