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South Africa Tax Rate for 2017, 2016, 2015, 2014, 2013

South Africa Individual Income Tax Rate 2017

2017 tax year (1 March 2016 - 28 February 2017)

Taxable Income (R)

Tax Rate

 

0 - 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)

Tax Rate

 

​0 - 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)

Tax Rate

 

​0 - 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)

Tax Rate

 

​0 - 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

 

2013 tax year (1 March 2012 - 28 February 2013)

Taxable Income (R)

Tax Rate

 

​​0 - 160 000

 

18% of each R1

 

​​​160 001 - 250 000

 

​28 800 + 25% of the amount above 160 000

 

​250 001 - 346 000

 

​51 300 + 30% of the amount above 250 000

 

​346 001 - 484 000

 

​​​80 100 + 35% of the amount above 346 000

 

​​​484 001 - 617 000

 

​128 400 + 38% of the amount above 484 000

 

​​617 001 and above

 

178 940 + 40% of the amount above 617 000

 

Tax Rebates

Tax Rebate

Tax Year

  2017 2016 2015 2014 2013
 

​​Primary

 

R13 500

 

R13 257

 

R12 726

 

R12 080

 

R11 440

 

​​​Secondary (65 and older)

 

R7 407

 

​R7 407

 

R7 110

 

​R6 750

 

​R6 390

 

​​Tertiary (75 and older)

 

​R2 466

 

​R2 466

 

​R2 367

 

​R2 250

 

R2 130

 

Tax Thresholds

Tax Rebate

Tax Year

  2017 2016 2015 2014 2013
 

​​Person

 

R75 000

 

​R73 650

 

R70 700

 

R67 111

 

R63 556

 

​​​Under 65

 

R116 150

 

​R114 800

 

​R110 200

 

​​R104 611

 

​​R99 056

 

​​65 and older

 

​R129 850

 

​R128 500

 

​​R123 350

 

​R117 111

 

R110 889

 

Income tax on Companies

 

Particulars

Tax Year from April to March

2017 2016 2015 2014 2013
 

​​Rate of Tax

 

28%

 

​28%

 

28%

 

28%

 

28%

 

Income tax on Trusts other than special Trusts

 

Particulars

Tax Year from March to February

2017 2016 2015 2014 2013
 

​​Rate of Tax

 

41%

 

41%

 

40%

 

40%

 

40%

 

Income tax on Small Business Corporations (SBC)

Financial years ending on any date between 1 April 2016 and 31 March 2017

 

Taxable Income (R)

 

Rate of Tax

 

​​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

 

​​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

 

​​​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

 

Financial years ending on any date between 1 April 2013 and 31 March 2014

 

Taxable Income (R)

 

Rate of Tax

 

​​​0 - 67 111

 

0%

 

​67 112 - 365 000

 

​​7% of the amount above 67 111

 

365 001 - 550 000

 

​20 852 + 21% of the amount above 365 000

 

550 001 and above

 

​59 702 + 28% of the amount above 550 000

 

Financial years ending on any date between 1 April 2012 and 31 March 2013

 

Taxable Income (R)

 

Rate of Tax

 

​​​0 - 63 556

 

0%

 

​63 557 - 350 000

 

​​​7% of the amount above 63 556

 

350 001 and above

 

​20 051 + 28% of the amount above 350 000

 

Capital Gain Tax

Type

Tax Year

  2017 2016 2015 2014 2013
 

​​Individuals and Special Trusts

 

16.4%

 

​13.65%

 

​13.32%

 

​13.32%

 

​13.32%

 

​​​Companies

 

22.4%

 

​18.65%

 

​​18.65%

 

​​​​18.65%

 

​18.65%

 

​​​Other Trusts

 

​32.8%

 

​​27.31%

 

​​26.64%

 

​26.64%

 

26.64%

 

 

Corporate Tax Rates in South Africa

Corporate Income tax rate is 28%.

Capital Gains Tax in South Africa

Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost.

The relevant legislation is contained in the Eighth Schedule to the Income Tax Act 58 of 1962.

Capital gains are taxed at a lower effective tax rate than ordinary income. Pre- 1 October 2001 CGT capital gains and losses are not taken into account. Not all assets attract CGT and certain capital gains and losses are disregarded.

A withholding tax applies to non-resident sellers of immovable property (section 35A). The amount withheld by the buyer serves as an advance payment towards the seller’s final income tax liability.

CGT applies to individuals, trusts and companies.

A resident, as defined in the Income Tax Act 58 of 1962, is liable for CGT on assets located both in and outside South Africa.

A non-resident is only liable to CGT on immovable property in South Africa or assets of a “permanent establishment” (branch) in South Africa. Certain indirect interests in immovable property such as shares in a property company are deemed to be immovable property.

Some persons such as retirement funds are fully exempt from CGT. Public benefit organisations may be fully or partially exempt.

 

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