Assessed loss of taxable income for preceding year | Penalty amount per month |
R 0 - R250 000 | R 250 |
R 250 001 - R 500 000 | R 500 |
R 500 001 - R 1 000 000 | R 1 000 |
R 1 000 001 - R 5 000 000 | R 2 000 |
R 5 000 001 - R 10 000 000 | R 4 000 |
R 10 000 001 - R 50 000 000 | R 8 000 |
Above R 50 000 000 | R 16 000 |