For the year ended 31 march 2013
| 2013 | 2012 | |
|---|---|---|
| Rm | Rm | |
| Taxation | 490 | 595 |
| South African normal company taxation | 1,105 | 1,026 |
| Deferred taxation | (621) | (494) |
| Secondary Taxation on Companies (STC) | - | 70 |
| Foreign taxation | 6 | (7) |
| STC was provided for at a rate of 10% on the amount by which dividends declared by Telkom exceeded dividends received. The new withholding taxation on dividends became effective 1 April 2012 at a rate of 15%. All tax credits as at 31 March 2012 were utilised in full with the declaration of the dividend on 8 July 2011. |