|
Taxable income (R) |
Rates of tax |
|
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 |
|
Rebate |
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Primary |
R17 235 |
R16 425 |
R15 714 |
R14 958 |
R14 220 |
|
Secondary (65 and older) |
R9 444 |
R9 000 |
R8 613 |
R8 199 |
R7 794 |
|
Tertiary (75 and older) |
R3 145 |
R2 997 |
R2 871 |
R2 736 |
R2 601 |
|
Age |
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Under 65 |
R95 750 |
R91 250 |
R87 300 |
R83 100 |
R79 000 |
|
65 an older |
R148 217 |
R141 250 |
R135 150 |
R128 650 |
R122 300 |
|
75 and older |
R165 689 |
R157 900 |
R151 100 |
R143 850 |
R136 750 |
|
Per month |
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
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 |
|
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 |
|
For each additional dependant |
R246 |
R234 |
R224 |
R215 |
R209 |
|
Companies Income Tax Rate |
|
|
Financial years ending on any date between |
Rate of Tax |
|
31 March 2023 or after |
27% |
|
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% |
|
Trusts (other than special trusts) |
|||||
|
|
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Rate of Tax |
45% |
45% |
45% |
45% |
45% |
|
Per day |
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Meals & Incidentals (away from usual place of residence in SA for at least one night) |
R522 |
R493 |
R452 |
R452 |
R435 |
|
Incidentals only (away from usual place of residence in SA for at least one night) |
R161 |
R152 |
R139 |
R139 |
R134 |
|
Day travel only: Meals & Incidentals (away from usual place of work) |
R161 |
R152 |
R139 |
|
|
|
Per km |
2023/2024 |
2022/2023 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Fixing of rate per kilometre in respect of motor vehicles |
R4.64 |
R4.18 |
R3.82 |
R3.98 |
R3.61 |
|
Where the value of the vehicle |
Fixed cost (R) |
Fuel cost (c/km) |
Maintenance cost (c/km) |
|
does not exceed R100 000 |
33 760 |
141.5 |
43.8 |
|
exceeds R100 000 but does not exceed R200 000 |
60 329 |
158.0 |
54.8 |
|
exceeds R200 000 but does not exceed R300 000 |
86 958 |
171.7 |
60.4 |
|
exceeds R300 000 but does not exceed R400 000 |
110 554 |
184.6 |
65.9 |
|
exceeds R400 000 but does not exceed R500 000 |
134 150 |
197.6 |
77.5 |
|
exceeds R500 000 but does not exceed R600 000 |
158 856 |
226.6 |
91.0 |
|
exceeds R600 000 but does not exceed R700 000 |
183 611 |
230.5 |
102.1 |
|
exceeds R700 000 but does not exceed R800 000 |
209 685 |
234.3 |
113.1 |
|
exceeds R800 000 |
209 685 |
234.3 |
113.1 |
|
Taxable income (R) |
Rates 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) |
Rates 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 |