| NOTES TO THE FINANCIAL STATEMENTS l Note 9 |
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Company |
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Group |
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2020
Rm |
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2019
Rm |
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2020
Rm |
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2019
Rm |
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9. |
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TAXATION |
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Current taxation through profit or loss |
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| 2 |
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2 |
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– Normal tax (South Africa) – current year |
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376 |
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444 |
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| |
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– Normal tax (foreign) – current year |
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13 |
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19 |
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– Normal tax – prior year adjustments |
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3 |
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6 |
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– Deferred tax (South Africa) – current year |
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41 |
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26 |
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– Deferred tax (foreign) – current year |
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1 |
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4 |
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– Deferred tax (South Africa) – prior year adjustments |
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(4) |
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1 |
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– Dividend withholding tax |
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4 |
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– |
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| 2 |
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2 |
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434 |
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500 |
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Reconciliation of tax rate |
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| 28,0 |
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28,0 |
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Standard rate – South Africa |
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28,0 |
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28,0 |
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Adjusted for: |
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| (28,8) |
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(27,4) |
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Non-taxable dividend income |
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(0,7) |
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(0,7) |
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| 0,7 |
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– |
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Non-deductible BBBEE transaction charge |
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0,7 |
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– |
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| |
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Dividend withholding tax paid by trusts |
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0,3 |
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– |
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| 0,2 |
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– |
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Expenses disallowed as a deduction* |
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1,5 |
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– |
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Tax effect from income from associates |
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0,0 |
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0,0 |
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| – |
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(0,6) |
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Other differences, including effect of foreign taxes, prior period over/underprovisions, dividend withholding tax and donations tax |
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0,0 |
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0,2 |
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| 0,1 |
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– |
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Effective tax rate |
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29,8 |
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27,5 |
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*Includes non-deductible share-based payment expenses, expenses attributable to exempt and non-taxable income and expenditure which is capital in nature. |
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| NOTES TO THE FINANCIAL STATEMENTS l Note 9 |
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