To encourage the growth of small incorporated businesses, the Bill contains relief for small business corporations with the current 10% rate dropping to 7%. Up to R350 000 of taxable income will also be eligible for the small business corporation rate, as opposed to the previous R300 000 maximum, while for taxable income above R350 000, the normal corporate tax rate of 28% applies. This relief follows last year's changes to the micro business tax, which again sought to assist small businesses.