The marginal fee of 13{a00992e75bc495ea7e9745b098f3f138b8cf6d67249c60a4da776aa7f16eb553} applies to the portion of the worth of property exceeding R11 million from 1 March 2020. CIT is a tax levied on the taxable earnings of firms, shut corporations and cooperatives. After PIT and VAT, CIT has been the most important contributor to complete tax income for the previous decade. The Financial and Fiscal Commission advises the relevant legislative authorities on the financial and fiscal requirements for the national, provincial and local spheres of government.

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