The SARS Tax Rates from 2014/5 are archived on this page, scroll down or click on the headings in the Table of Contents. For the latest rates, see the Tax Rates landing page.
Income Tax: Rates of Tax for Individuals
On this page you will see Individuals’ tax table, as well as the Tax Rebates and Tax Thresholds – scroll down.
2024 tax year (1 March 2023 – 29 February 2024)
22 February 2023 – See changes from last year:
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 237 100 | 18% of taxable income |
| 237 101 – 370 500 | 42 678 + 26% of taxable income above 237 100 |
| 370 501 – 512 800 | 77 362 + 31% of taxable income above 370 500 |
| 512 801 – 673 000 | 121 475 + 36% of taxable income above 512 800 |
| 673 001 – 857 900 | 179 147 + 39% of taxable income above 673 000 |
| 857 901 – 1 817 000 | 251 258 + 41% of taxable income above 857 900 |
| 1 817 001 and above | 644 489 + 45% of taxable income above 1 817 000 |
2023 tax year (1 March 2022 – 28 February 2023)
23 February 2022 – See the changes from the previous year:
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 226 000 | 18% of taxable income |
| 226 001 – 353 100 | 40 680 + 26% of taxable income above 226 000 |
| 353 101 – 488 700 | 73 726 + 31% of taxable income above 353 100 |
| 488 701– 641 400 | 115 762 + 36% of taxable income above 488 700 |
| 641 401 – 817 600 | 170 734 + 39% of taxable income above 641 400 |
| 817 601 – 1 731 600 | 239 452 + 41% of taxable income above 817 600 |
| 1 731 601 and above | 614 192 + 45% of taxable income above 1 731 600 |
2022 tax year (1 March 2021 – 28 February 2022)
See the changes from the previous year:
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 216 200 | 18% of taxable income |
| 216 201 – 337 800 | 38 916 + 26% of taxable income above 216 200 |
| 337 801 – 467 500 | 70 532 + 31% of taxable income above 337 800 |
| 467 501 – 613 600 | 110 739 + 36% of taxable income above 467 500 |
| 613 601 – 782 200 | 163 335 + 39% of taxable income above 613 600 |
| 782 201 – 1 656 600 | 229 089 + 41% of taxable income above 782 200 |
| 1 656 601 and above | 587 593 + 45% of taxable income above 1 656 600 |
2021 tax year (1 March 2020 – 28 February 2021)
See the changes from the previous year:
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 205 900 | 18% of taxable income |
| 205 901 – 321 600 | 37 062 + 26% of taxable income above 205 900 |
| 321 601 – 445 100 | 67 144 + 31% of taxable income above 321 600 |
| 445 101 – 584 200 | 105 429 + 36% of taxable income above 445 100 |
| 584 201 – 744 800 | 155 505 + 39% of taxable income above 584 200 |
| 744 801 – 1 577 300 | 218 139 + 41% of taxable income above 744 800 |
| 1 577 301 and above | 559 464 + 45% of taxable income above 1 577 300 |
2020 tax year (1 March 2019 – 29 February 2020)
No changes from the previous year:
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 195 850 | 18% of taxable income |
| 195 851 – 305 850 | 35 253 + 26% of taxable income above 195 850 |
| 305 851 – 423 300 | 63 853 + 31% of taxable income above 305 850 |
| 423 301 – 555 600 | 100 263 + 36% of taxable income above 423 300 |
| 555 601 – 708 310 | 147 891 + 39% of taxable income above 555 600 |
| 708 311 – 1 500 000 | 207 448 + 41% of taxable income above 708 310 |
| 1 500 001 and above | 532 041 + 45% of taxable income above 1 500 000 |
2019 tax year (1 March 2018 – 28 February 2019)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 195 850 | 18% of taxable income |
| 195 851 – 305 850 | 35 253 + 26% of taxable income above 195 850 |
| 305 851 – 423 300 | 63 853 + 31% of taxable income above 305 850 |
| 423 301 – 555 600 | 100 263 + 36% of taxable income above 423 300 |
| 555 601 – 708 310 | 147 891 + 39% of taxable income above 555 600 |
| 708 311 – 1 500 000 | 207 448 + 41% of taxable income above 708 310 |
| 1 500 001 and above | 532 041 + 45% of taxable income above 1 500 000 |
2018 tax year (1 March 2017 – 28 February 2018)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 189 880 | 18% of taxable income |
| 189 881 – 296 540 | 34 178 + 26% of taxable income above 189 880 |
| 296 541 – 410 460 | 61 910 + 31% of taxable income above 296 540 |
| 410 461 – 555 600 | 97 225 + 36% of taxable income above 410 460 |
| 555 601 – 708 310 | 149 475 + 39% of taxable income above 555 600 |
| 708 311 – 1 500 000 | 209 032 + 41% of taxable income above 708 310 |
| 1 500 001 and above | 533 625 + 45% of taxable income above 1 500 000 |
2017 tax year (1 March 2016 – 28 February 2017)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 188 000 | 18% of taxable income |
| 188 001 – 293 600 | 33 840 + 26% of taxable income above 188 000 |
| 293 601 – 406 400 | 61 296 + 31% of taxable income above 293 600 |
| 406 401 – 550 100 | 96 264 + 36% of taxable income above 406 400 |
| 550 101 – 701 300 | 147 996 + 39% of taxable income above 550 100 |
| 701 301 and above | 206 964 + 41% of taxable income above 701 300 |
2016 tax year (1 March 2015 – 29 February 2016)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 181 900 | 18% of each R1 |
| 181 901 – 284 100 | 32 742 + 26% of the amount above 181 900 |
| 284 101 – 393 200 | 59 314 + 31% of the amount above 284 100 |
| 393 201 – 550 100 | 93 135 + 36% of the amount above 393 200 |
| 550 101 – 701 300 | 149 619 + 39% of the amount above 550 100 |
| 701 301 and above | 208 587 + 41% of the amount above 701 300 |
2015 tax year (1 March 2014 – 28 February 2015)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 174 550 | 18% of each R1 |
| 174 551 – 272 700 | 31 419 + 25% of the amount above 174 550 |
| 272 701 – 377 450 | 55 957 +30% of the amount above 272 700 |
| 377 451 – 528 000 | 87 382 + 35% of the amount above 377 450 |
| 528 001 – 673 100 | 140 074 +38% of the amount above 528 000 |
| 673 101 and above | 195 212 + 40% of the amount above 673 100 |
2014 tax year (1 March 2013 – 28 February 2014)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 165 600 | 18% of each R1 |
| 165 601 – 258 750 | 29 808 + 25% of the amount above 165 600 |
| 258 751 – 358 110 | 53 096 + 30% of the amount above 258 750 |
| 358 111 – 500 940 | 82 904 + 35% of the amount above 358 110 |
| 500 941 – 638 600 | 132 894 +38% of the amount above 500 940 |
| 638 601 and above | 185 205 + 40% of the amount above 638 600 |
Income Tax: Tax Rebates
22 February 2023 – See changes from last year:
| Tax Rebate | Tax Year | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
| Primary | R17 235 | R16 425 | R15 714 | R14 958 | R14 220 | R14 067 | R13 635 | R13 500 | R13 257 | R12 726 |
| Secondary (65 and older) | R9 444 | R9 000 | R8 613 | R8 199 | R7 794 | R7 713 | R7 479 | R7 407 | R7 407 | R7 110 |
| Tertiary (75 and older) | R3 145 | R2 997 | R2 871 | R2 736 | R2 601 | R2 574 | R2 493 | R2 466 | R2 466 | R2 367 |
Income Tax: Tax Thresholds
22 February 2023 – See changes from last year:
| Age | Tax Year | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
| Under 65 | R95 750 | R91 250 | R87 300 | R83 100 | R79 000 | R78 150 | R75 750 | R75 000 | R73 650 | R70 700 |
| 65 an older | R148 217 | R141 250 | R135 150 | R128 650 | R122 300 | R121 000 | R117 300 | R116 150 | R114 800 | R110 200 |
| 75 and older | R165 689 | R157 900 | R151 100 | R143 850 | R136 750 | R135 300 | R131 150 | R129 850 | R128 500 | R123 350 |
Income Tax: Companies
22 February 2023 – See change from the previous year:
| Years of assessment ending on any date between or… | Rate of Tax |
|---|---|
| on or after 31 March 2023 | 27% |
| between 1 April 2022 – 30 March 2023 | 28% |
| 1 April 2021 – 31 March 2022 | 28% |
| 1 April 2020 – 31 March 2021 | 28% |
| 1 April 2019 – 31 March 2020 | 28% |
| 1 April 2018 – 31 March 2019 | 28% |
| 1 April 2017 – 31 March 2018 | 28% |
| 1 April 2016 – 31 March 2017 | 28% |
| 1 April 2015 – 31 March 2016 | 28% |
| 1 April 2014 – 31 March 2015 | 28% |
Top Tip: Personal Service Providers are no longer taxed separately and are taxed as a company or as a Trust.
The following rates of tax apply for financial years ending on any date between 1 April 2011 – 31 March 2012 for:
| Type | Rate of tax |
|---|---|
| Personal service provider companies | 33% |
| Foreign resident companies which earn income from a source in South Africa | 33% |
Income Tax: Trusts (other than special trusts)
22 February 2023 – No changes from last year:
| Year of assessment | Rate of Tax |
|---|---|
| 1 March 2023 – 29 February 2024 | 45% |
| 1 March 2022 – 28 February 2023 | 45% |
| 1 March 2021 – 28 February 2022 | 45% |
| 1 March 2020 – 28 February 2021 | 45% |
| 1 March 2019 – 29 February 2020 | 45% |
| 1 March 2018 – 28 February 2019 | 45% |
| 1 March 2017 – 28 February 2018 | 45% |
| 1 March 2016 – 28 February 2017 | 41% |
| 1 March 2015 – 29 February 2016 | 41% |
| 1 March 2014 – 28 February 2015 | 40% |
Income Tax: Small Business Corporations (SBC)
22 February 2023 – See changes from last year:
Years of assessment ending any date between 1 April 2023 and
31 March 2024:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 95 750 | 0% of taxable income |
| 95 751 – 365 000 | 7% of taxable income above 95 750 |
| 365 001 – 550 000 | 18 848 + 21% of taxable income above 365 000 |
| 550 001 and above | 57 698 + 27% of the amount above 550 000 |
23 February 2022 – See changes from last year:
Years of assessment ending on or after 31 March 2023:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 91 250 | 0% of taxable income |
| 91 251 – 365 000 | 7% of taxable income above 91 250 |
| 365 001 – 550 000 | 19 163 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 013 + 27% of the amount above 550 000 |
Years of assessment ending on any date between 1 April 2022 and 30 March 2023:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 91 250 | 0% of taxable income |
| 91 251 – 365 000 | 7% of taxable income above 91 250 |
| 365 001 – 550 000 | 19 163 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 013 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2021 and 31 March 2022:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 87 300 | 0% of taxable income |
| 87 301 – 365 000 | 7% of taxable income above 87 300 |
| 365 001 – 550 000 | 19 439 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 289 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2020 and 31 March 2021:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 1 – 83 100 | 0% of taxable income |
| 83 101 – 365 000 | 7% of taxable income above 83 100 |
| 365 001 – 550 000 | 19 733 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 583 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2019 and 31 March 2020:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 0 – 79 000 | 0% of taxable income |
| 79 001 – 365 000 | 7% of taxable income above 79 000 |
| 365 001 – 550 000 | 20 020 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 870 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2018 and 31 March 2019:
| Taxable Income (R) | Rate of Tax (R) |
|---|---|
| 0 – 78 150 | 0% of taxable income |
| 78 151 – 365 000 | 7% of taxable income above 78 150 |
| 365 001 – 550 000 | 20 080 + 21% of taxable income above 365 000 |
| 550 001 and above | 58 930 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2017 and 31 March 2018:
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 75 750 | 0% |
| 75 751 – 365 000 | 7% of taxable income above 75 750 |
| 365 001 – 550 000 | 20 248 + 21% of taxable income above 365 000 |
| 550 001 and above | 59 098 + 28% of taxable income above 550 000 |
Financial years ending on any date between 1 April 2016 and 31 March 2017:
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 75 000 | 0% |
| 75 001 – 365 000 | 7% of taxable income above 75 000 |
| 365 001 – 550 000 | 20 300 + 21% of taxable income above 365 000 |
| 550 001 and above | 59 150 + 28% of taxable income above 550 000 |
Financial years ending on any date between 1 April 2015 and 31 March 2016:
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 73 650 | 0% |
| 73 651 – 365 000 | 7% of the amount above 73 650 |
| 365 001 – 550 000 | 20 395 + 21% of the amount above 365 000 |
| 550 001 and above | 59 245 + 28% of the amount above 550 000 |
Financial years ending on any date between 1 April 2014 and 31 March 2015:
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 70 700 | 0% |
| 70 701 – 365 000 | 7% of the amount above 70 700 |
| 365 001 – 550 000 | 20 601 + 21% of the amount above 365 000 |
| 550 001 and above | 59 451 + 28% of the amount above 550 000 |
Income Tax: Interest Exemptions
Interest from a South African source earned by any natural person is exempt, per annum, up to an amount of:
22 February 2023 – No changes from last year:
| | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Person younger than 65 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 | R23 800 |
| Person 65 and older | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 | R34 500 |
Income Tax: Withholding Tax on Interest
22 February 2023 – No changes from last year.
From 1 March 2015 (2016 tax year), a final withholding tax at a rate of 15% will be charged on interest from a South African source payable to non-residents.
Interest earned by non-residents who are physically absent from South Africa for at least 182 days (2023) (2022 and 2021 it was also 182 days and 2020 it was 183 days) during the 12 month period before the interest accrues and the debt from which the interest arises is not effectively connected to a fixed place of business in South Africa, is exempt from income tax.
For more information see Withholding Tax on Interest (WTI).
Income Tax: Dividends Tax
22 February 2023 – No changes from last year.
Dividends received by individuals from South African companies are generally exempt from income tax, but dividends tax at a rate of 20% is withheld by the entities paying the dividends to the individuals.
For more information see Dividends Tax.
Income Tax: Foreign Dividends
22 February 2023 – No changes from last year.
Most foreign dividends received by individuals from foreign companies (shareholding of less than 10% in the foreign company) are taxable at a maximum effective rate of 20%. No deductions are allowed for expenditure to produce foreign dividends.
Income Tax: Retirement fund lump sum benefits
Tax on a specific retirement fund lump sum withdrawal benefit (lump sum X) is equal to:
- The tax determined by the application of the tax table to the aggregate of lump sum X, plus all other retirement fund lump sum withdrawal benefits accruing from March 2009, all retirement fund lump sum benefits accruing from October 2007, and all severance benefits accruing from March 2011; less
- The tax determined by the application of the tax table to the aggregate of all retirement fund lump sum withdrawal benefits accruing before lump sum X from March 2009, all retirement fund lump sum benefits accruing from October 2007, and all severance benefits accruing from March 2011.
Income Tax: Withdrawal Benefit
| Taxable income (R) | Rate of tax |
|---|---|
| 1 – 27 500 | 0% of taxable income |
| 27 501 – 726 000 | 18% of taxable income above 27 500 |
| 726 001 – 1 089 000 | 125 730 + 27% of taxable income above 726 000 |
| 1 089 001 and above | 223 740 + 36% of taxable income above 1 089 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2021 tax year (1 March 2020 – 28 February 2021) – No changes from last year
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2020 tax year (1 March 2019 – 29 February 2020) – No changes from last year
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2019 tax year (1 March 2018 – 28 February 2019)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2018 tax year (1 March 2017 – 28 February 2018)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2017 tax year (1 March 2016 – 28 February 2017)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2016 tax year (1 March 2015 – 29 February 2016)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of the amount above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of the amount above 660 000 |
| 990 001 and above | 203 400 + 36% of the amount above 990 000 |
2015 tax year (1 March 2014 – 28 February 2015)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of the amount above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of the amount above 660 000 |
| 990 001 and above | 203 400 + 36% of the amount above 990 000 |
Income Tax: Retirement fund lump sum benefits or severance benefits
Severance benefits consist of lump sums from or by arrangement with an employer due to relinquishment, termination, loss, repudiation, cancellation or variation of a person’s office or employment.
Tax on a specific retirement fund lump sum benefit or a severance benefit (lump sum or severance benefit Y) is equal to:
- The tax determined by the application of the tax table to the aggregate of amount Y, plus all other retirement fund lump sum benefits accruing from October 2007, all retirement fund lump sum withdrawal benefits accruing from March 2009, and all other severance benefits accruing from March 2011; less
- The tax determined by the application of the tax table to the aggregate of all retirement fund lump sum benefits accruing before lump sum Y from October 2007, all retirement fund lump sum withdrawal benefits accruing from March 2009, and all severance benefits accruing before severance benefit Y from March 2011.
| Taxable income (R) | Rate of tax |
|---|---|
| 1 – 550 000 | 0% of taxable income |
| 550 001 – 770 000 | 18% of taxable income above 550 000 |
| 770 001 – 1 155 000 | 39 600 + 27% of taxable income above 770 000 |
| 1 155 001 and above | 143 550 + 36% of taxable income above 1 155 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 1 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% |
| 500 001 – 700 000 | 18% of the amount above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of the amount above 700 000 |
| 1 050 001 and above | 130 500 + 36% of the amount above 1 050 000 |
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% |
| 500 001 – 700 000 | 18% of the amount above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of the amount above 700 000 |
| 1 050 001 and above | 130 500 + 36% of the amount above 1 050 000 |
Income Tax: Capital Gains Tax
22 February 2023 – no change from last year:
| Type | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Individuals and Special Trusts | 18% | 18% | 18% | 18% | 18% | 18% | 18% | 16.4% | 13.65% | 13.32% |
| Companies | 21.6% | 21.6% | 22.4% | 22.4% | 22.4% | 22.4% | 22.4% | 22.4% | 18.65% | 18.65% |
| Other Trusts | 36% | 36% | 36% | 36% | 36% | 36% | 36% | 32.8% | 27.31% | 26.64% |
Events that trigger a disposal include a sale, donation, exchange, loss, death and emigration. The following are some of the specific exclusions:
- R2 million gain or loss on the disposal of a primary residence;
- most personal use assets;
- retirement benefits;
- payments in respect of original long-term insurance policies;
- annual exclusion of R40 000 capital gain or capital loss is granted to individuals and special trusts;
- small business exclusion of capital gains for individuals (at least 55 years of age) of R1.8 million when a small business with a market value not exceeding R10 million is disposed of; and
- instead of the annual exclusion, the exclusion granted to individuals is R300 000 for the year of death.
Employers: Tax Deduction Tables
2024 (1 March 2023 – 29 February 2024)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Other Employment Tax Deduction Tables – Coming soon
2023 (1 March 2022 – 28 February 2023)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Other Employment Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Other employment tax deduction tables -No changes from last year
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Other Employment Tax Deduction Tables
2018 (1 March 2017 – 28 February 2018)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Other Employment Tax Deduction Tables
2017 (1 March 2016 – 28 February 2017)
2016 (1 March 2015 – 29 February 2016)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
2015 (1 March 2014 – 28 February 2015)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Deduction Tables
Annual Tax Deduction Tables
2014 (1 March 2013 – 28 February 2014)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
2013 (1 March 2012 – 28 February 2013)
Weekly Tax Deduction Tables
Fortnightly Tax Deduction Tables
Monthly Tax Deduction Tables
Annual Tax Deduction Tables
Employers: Rates per kilometer
Rates per kilometer, which may be used in determining the allowable deduction for business travel against an allowance or advance where actual costs are not claimed, are determined using the table to be published on this SARS website www.sars.gov.za, under Legal Counsel / Secondary Legislation / Income Tax Notices / 2023 / Fixing of rate per kilometre in respect of motor vehicles.
Note:
- 80% of the travelling allowance must be included in the employee’s remuneration for the purposes of calculating PAYE. The percentage is reduced to 20% if the employer is satisfied that at least 80% of the use of the motor vehicle for the tax year will be for business purposes.
- No fuel cost may be claimed if the employee has not borne the full cost of fuel used in the vehicle, and no maintenance cost may be claimed if the employee has not borne the full cost of maintaining the vehicle (e.g. if the vehicle is covered by a maintenance plan).
- The fixed cost must be reduced on a pro-rata basis if the vehicle is used for business purposes for less than a full year.
- The actual distance travelled during a tax year, and the distance travelled for business purposes, substantiated by a log book, are used to determine the costs which may be claimed against a travelling allowance.
Alternatively:
Where an allowance or advance is based on the actual distance travelled by the employee for business purposes, no tax is payable on an allowance paid by an employer to an employee, up to the rate to be published on this SARS website www.sars.gov.za, under Legal Counsel / Secondary Legislation / Income Tax Notices / 2023 / Fixing of rate per kilometer in respect of motor vehicles, regardless of the value of the vehicle. However, this alternative is not available if other compensation in the form of an allowance or reimbursement (other than for parking or toll fees) is received from the employer in respect of the vehicle.
Employers: Subsistence Allowances and Advances
Employers: Local allowance and advances
22 February 2023 – See changes for Local from last year. No changes for Foreign from last year.
Where the recipient is obliged to spend at least one night away from his or her usual place of residence on business, and the accommodation to which that allowance or advance relates is in the Republic of South Africa, and the allowance or advance is granted to pay for:
| Tax Year | Meals and incidental costs per day (R) | Incidental cost only per day (R) |
|---|---|---|
| 2024 | 522 | 161 |
| 2023 | 493 | 152 |
| 2022 | 452 | 139 |
| 2021 | 452 | 139 |
| 2020 | 435 | 134 |
| Where the recipient is, by reason of the duties of his or her office or employment, obliged to spend a part of a day away from his or her usual place of work or employment, a reimbursement or advance for expenditure actually incurred by the recipient is exempt if the recipient is allowed by his or her principal to incur expenditure on meals and other incidental costs for that part of a day, and the amount of the reimbursement does not exceed: | |
| 2024 | 161 |
| 2023 | 152 |
| 2022 | 139 |
Employers: Foreign allowance and advances
- 2023 Foreign Subsistence Allowance – No changes from 2020.
- 2022 Foreign Subsistence Allowance – No changes from 2020.
- 2021 Foreign Subsistence Allowance – No changes from last year.
- 2020 Foreign Subsistence Allowance
- 2019 Foreign Subsistence Allowance
- 2018 Foreign Subsistence Allowance
- 2017 Foreign Subsistence Allowance
- 2016 Foreign Subsistence Allowance
- 2015 Foreign Subsistence Allowance
- 2014 Foreign Subsistence Allowance
Employers: Medical Tax Credit Rates
- Taxpayers younger than 65 – converted to the Medical Tax Credit from 1 March 2012
- Taxpayers 65 and older – converted to the Medical Tax Credit from 1 March 2014
Medical Tax Credit Rates for the 2019 to 2024 tax years
22 February 2023- See changes from last year:
| Per month (R) | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| For the taxpayer; or for a dependant who is a member of a medical scheme or fund, where the taxpayer him- or herself is not a member of a medical scheme or fund | R364 | R347 | R332 | R319 | R310 | R310 |
| For the taxpayer and one dependant; or in respect of two dependants where the taxpayer him- or herself is not a member of a medical scheme or fund | R728 | R694 | R664 | R638 | R620 | R620 |
| For each additional dependant | R246 | R234 | R224 | R215 | R209 | R209 |
Medical Tax Credit Rates for the 2013 to 2018 tax years
| Per month (R) | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|
| For the taxpayer who paid the medical scheme contributions | R303 | R286 | R270 | R257 | R242 | R230 |
| For the first dependant | R303 | R286 | R270 | R257 | R242 | R230 |
| For each additional dependant | R204 | R192 | R181 | R172 | R162 | R154 |
For more information, please see Medical Scheme Fees Tax Credits.
Transfer Duty
2024 (1 March 2023 – 29 February 2024) – See changes from last year
| Value of the property (R) | Rate |
|---|---|
| 1 – 1 100 000 | 0% |
| 1 100 001 – 1 512 500 | 3% of the value above R1 100 000 |
| 1 512 501 – 2 117 500 | R12 375 + 6% of the value above R 1 512 500 |
| 2 117 501 – 2 722 500 | R48 675 + 8% of the value above R 2 117 500 |
| 2 722 501 – 12 100 000 | R97 075 +11% of the value above R2 722 500 |
| 12 100 001 and above | R1 128 600 + 13% of the value exceeding R12 100 000 |
| Value of the property (R) | Rate |
|---|---|
| 1 – 1000 000 | 0% |
| 1 000 001 – 1 375 000 | 3% of the value above R1 000 000 |
| 1 375 001 – 1 925 000 | R11 250 + 6% of the value above R 1 375 000 |
| 1 925 001 – 2 475 000 | R44 250 + 8% of the value above R 1 925 000 |
| 2 475 001 – 11 000 000 | R88 250 +11% of the value above R2 475 000 |
| 11 000 001 and above | R1 026 000 + 13% of the value exceeding R11 000 000 |
| Value of the property (R) | Rate |
|---|---|
| 1 – 1000 000 | 0% |
| 1 000 001 – 1 375 000 | 3% of the value above R1 000 000 |
| 1 375 001 – 1 925 000 | R11 250 + 6% of the value above R 1 375 000 |
| 1 925 001 – 2 475 000 | R44 250 + 8% of the value above R 1 925 000 |
| 2 475 001 – 11 000 000 | R88 250 +11% of the value above R2 475 000 |
| 11 000 001 and above | R1 026 000 + 13% of the value exceeding R11 000 000 |
2021 (1 March 2020 – 28 February 2021) – See changes from last year
| Value of the property (R) | Rate |
|---|---|
| 1 – 1000 000 | 0% |
| 1 000 001 – 1 375 000 | 3% of the value above R1 000 000 |
| 1 375 001 – 1 925 000 | R11 250 + 6% of the value above R 1 375 000 |
| 1 925 001 – 2 475 000 | R44 250 + 8% of the value above R 1 925 000 |
| 2 475 001 – 11 000 000 | R88 250 +11% of the value above R2 475 000 |
| 11 000 001 and above | R1 026 000 + 13% of the value exceeding R11 000 000 |
2020 (1 March 2019 – 29 February 2020)
| Value of the property (R) | Rate |
|---|---|
| 0 – 900 000 | 0% |
| 900 001 – 1 250 000 | 3% of the value above R900 000 |
| 1 250 001 – 1 750 000 | R10 500 + 6% of the value above R 1 250 000 |
| 1 750 001 – 2 250 000 | R40 500 + 8% of the value above R 1 750 000 |
| 2 250 001 – 10 000 000 | R80 500 +11% of the value above R2 250 000 |
| 10 000 001 and above | R933 000 + 13% of the value exceeding R10 000 000 |
2019 (1 March 2018 – 28 February 2019)
| Value of the property (R) | Rate |
|---|---|
| 0 – 900 000 | 0% |
| 900 001 – 1 250 000 | 3% of the value above R900 000 |
| 1 250 001 – 1 750 000 | R10 500 + 6% of the value above R 1 250 000 |
| 1 750 001 – 2 250 000 | R40 500 + 8% of the value above R 1 750 000 |
| 2 250 001 – 10 000 000 | R80 500 +11% of the value above R2 250 000 |
| 10 000 001 and above | R933 000 + 13% of the value above R10 000 000 |
| Value of the property (R) | Rate |
|---|---|
| 0 – 900 000 | 0% |
| 900 001 – 1 250 000 | 3% of the value above R900 000 |
| 1 250 001 – 1 750 000 | R10 500 + 6% of the value above R 1 250 000 |
| 1 750 001 – 2 250 000 | R40 500 + 8% of the value above R 1 750 000 |
| 2 250 001 – 10 000 000 | R80 500 +11% of the value above R2 250 000 |
| 10 000 001 and above | R933 000 + 13% of the value above R10 000 000 |
| Value of the property (R) | Rate |
|---|---|
| 0 – 750 000 | 0% |
| 750 001 – 1 250 000 | 3% of the value above R750 000 |
| 1 250 001 – 1 750 000 | R15 000 + 6% of the value above R 1 250 000 |
| 1 750 001 – 2 250 000 | R45 000 + 8% of the value above R 1 750 000 |
| 2 250 001 – 10 000 000 | R85 000 +11% of the value exceeding R2 250 000 |
| 10 000 001 and above | R937 500 +13% of the value exceeding R10 000 000 |
| Value of the property (R) | Rate |
|---|---|
| 0 – 750 000 | 0% |
| 750 001 – 1 250 000 | 3% of the value above 750 000 |
| 1 250 001 – 1 750 000 | 15 000 + 6% of the value above 1 250 000 |
| 1 750 001 – 2 250 000 | 45 000 + 8% of the value above 1 750 000 |
| 2 250 001 and above | 85 000 + 11% of the value above 2 250 000 |
| Value of the property (R) | Rate |
|---|---|
| 0 – 600 000 | 0% |
| 600 001 – 1 000 000 | 3% of the value above 600 000 |
| 1 000 001 – 1 500 000 | 12 000 + 5% of the value above 1 000 000 |
| 1 500 001 and above | 37 000 + 8% of the value above 1 500 000 |
Turnover Tax
2024 (1 March 2023 – 29 February 2024) – no changes from last year
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 1 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
2023 (1 March 2022 – 28 February 2023) – no changes from last year
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 1 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
2022 (1 March 2021 – 28 February 2022) – no changes from last year
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 1 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
2021 (1 March 2020 – 28 February 2021) – no changes from last year
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 1 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
2020 (1 March 2019 – 29 February 2020)
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 335 000 | 0% of taxable turnover |
| 335 001 – 500 000 | 1% of taxable turnover above 335 000 |
| 500 001 – 750 000 | 1 650 + 2% of taxable turnover above 500 000 |
| 750 001 and above | 6 650 + 3% of taxable turnover above 750 000 |
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 335 000 | 0% |
| 335 001 – 500 000 | 1% of the amount above 335 000 |
| 500 001 – 750 000 | 1650 + 2% of the amount above 500 000 |
| 750 001 and above | 6 650 + 3% of the amount above 750 000 |
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 335 000 | 0% |
| 335 001 – 500 000 | 1% of the amount above 335 000 |
| 500 001 – 750 000 | 1650 + 2% of the amount above 500 000 |
| 750 001 and above | 6 650 + 3% of the amount above 750 000 |
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 335 000 | 0% |
| 335 001 – 500 000 | 1% of the amount above 335 000 |
| 500 001 – 750 000 | 1650 + 2% of the amount above 500 000 |
| 750 001 and above | 6 650 + 3% of the amount above 750 000 |
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 335 000 | 0% |
| 335 001 – 500 000 | 1% of the amount above 335 000 |
| 500 001 – 750 000 | 1650 + 2% of the amount above 500 000 |
| 750 001 and above | 6 650 + 3% of the amount above 750 000 |
| Taxable turnover (R) | Rate of tax (R) |
|---|---|
| 0 – 150 000 | 0% |
| 150 001 – 300 000 | 1% of the amount above 150 000 |
| 300 001 – 500 000 | 1 500 + 2% of the amount above 300 000 |
| 500 001 – 750 000 | 5 500 + 4% of the amount above 500 000 |
| 750 001 and above | 15 500 + 6% of the amount above 750 000 |
Value-added Tax (VAT)
22 February 2023 – No changes from last year:
VAT is levied at the standard rate of 15% on the supply of goods and services by registered vendors.
A vendor making taxable supplies of more than R1 million per annum must register for VAT. A vendor making taxable supplies of more than R50 000, but not more than R1 million per annum, may apply for voluntary registration. Certain supplies are subject to a zero rate, or are exempt from VAT.
Donations Tax
22 February 2023 – No changes from last year:
Donations tax is levied at a flat rate of 20% on the cumulative value of property donated since 1 March 2018 not exceeding R30 million, and at a rate of 25% on the cumulative value since 1 March 2018 exceeding R30 million.
The first R100 000 of property donated in each year by a natural person is exempt from donations tax.
In the case of a taxpayer who is not a natural person, the exempt donations are limited to casual gifts not exceeding R10 000 per annum in total. Dispositions between spouses, South African group companies and donations to certain public benefit organisations, are exempt from donations tax.
See the Donations Tax webpage for more information.
Estate Duty
22 February 2023 – No changes from last year:
Estate duty is levied on property of residents and South African property of non-residents less allowable deductions. The duty is levied on the dutiable value of an estate at a rate of 20% on the first R30 million and at a rate of 25% above R30 million. A basic deduction of R3.5 million is allowed in the determination of an estate’s liability for estate duty, as well as deductions for liabilities, bequests to public benefit organisations and property accruing to surviving spouses. See the Estate Duty webpage for more information.
Foreign entertainers and sportspersons
22 February 2023 – No changes from last year:
A final tax at the rate of 15% is charged on gross amounts payable to non-residents for activities exercised by them in South Africa as entertainers or sportspersons.
Royalties
22 February 2023 – No changes from last year:
A final withholding tax at a rate of 15% is charged on gross amount of royalties from a South African source payable to non-residents.
Securities Transfer Tax
22 February 2023 – No changes from last year:
The tax is charged at a rate of 0.25% on the transfer of listed or unlisted securities. Securities consist of shares in companies or member’s interests in close corporations.
Skills Development Levy
22 February 2023 – No changes from last year:
A skills development levy is payable by employers at a rate of 1% of the total remuneration paid to employees. Employers paying an annual remuneration of less than R500 000 are exempt from paying skills development levies.
Unemployment Insurance Contributions
22 February 2023 – No changes from last year:
Unemployment insurance contributions are payable monthly by employers, on the basis of a contribution of 1% by employers and 1% by employees, based on the employees’ remuneration below a certain amount.
Employers not registered for PAYE or SDL must pay the contributions to the Unemployment Insurance Commissioner.
Tax on International Air Travel
22 February 2023 – No changes from last year:
