| 4 |
INCOME TAX EXPENSE
Refer to note 3.1 of the group financial statements for the applicable accounting policy.
| |
2017
Rm |
|
|
2016
Rm |
|
| Normal tax – current year |
(10) |
|
|
(1) |
|
South African normal taxation is calculated at 28% (2016: 28%) of the estimated taxable income for the year.
| |
2017
% |
|
|
2016
% |
|
| 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 |
(28,8) |
|
|
(28,8) |
|
| Expenses not allowed |
0,9 |
|
|
0,8 |
|
| Effective tax rate |
0,1 |
|
|
* |
|
| * Percentage less than 0,1%. |
|
|
|
|
|
|
