| |
Refer to note 3.1 of the Group financial statements for the applicable accounting policy. |
| |
2015
Rm |
|
2014
Rm |
|
| Normal tax – current year |
(10) |
|
(10) |
|
| Deferred tax – current year |
(2) |
|
7 |
|
| |
(12) |
|
(3) |
|
South African normal taxation is calculated at 28% (2014: 28%) of the estimated taxable income for the year.
| |
2015
Rm |
|
2014
Rm |
|
| Tax rate reconciliation |
|
|
|
|
| The charge for the year can be reconciled to the effective rate of taxation in South Africa as follows: |
|
|
|
|
| Tax at statutory tax rate |
28 |
|
28 |
|
| Income not subject to tax |
(28,2) |
|
(28,1) |
|
| Expenses not allowed |
0,3 |
|
0,1 |
|
| Effective tax rate |
0,1 |
|
– |
|
|
