South African Income Tax Rates from 2014 to 2020

Individuals - Rates

2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
0 - 165 60018%0 - 174 55018%0 - 181 90018%0 - 188 00018%0 - 189 88018%0 - 195 85018%0 - 195 85018%
165 601 - 258 750R29 808 + 25% of amount above R165 600174 551 - 272 700R31 419 + 25% of amount above R174 550181 901 - 284 100R32 742 + 26% of the amount above R181 900188 001 - 293 600R33 840 + 26% of the amount above R188 000189 881 - 296 540R34 178 + 26% of the amount above R189 880195 851 - 305 85035 253 + 26% of the amount above R195 850195 851 - 305 85035 253 + 26% of the amount above R195 850
258 751 - 358 110R53 096 + 30% of amount above R258 750272 701 - 377 450R55 957 + 30% of amount above R272 700284 101 - 393 200R59 314 + 31% of the amount above R284 100293 601 - 406 400R61 296 + 31% of the amount above R293 000296 541 - 410 460R61 910 + 31% of the amount above R296 540305 851 - 423 300R63 853 + 31% of the amount above R305 850305 851 - 423 300R63 853 + 31% of the amount above R305 850
358 111 - 500 940R82 904 + 35% of amount above R358 110377 451 - 528 000R87 382 + 35% of amount above R377 450393 201 - 550 100R93 135 + 36% of the amount above R393 200406 401 - 550 100R96 264 + 36% of the amount above R406 400410 461 - 555 600R97 225 + 36% of the amount above R410 460423 301 - 555 600R100 263 + 36% of the amount above R423 300423 301 - 555 600R100 263 + 36% of the amount above R423 300
500 941 - 638 600R132 894 + 38% of amount above R500 940528 001 - 673 100R140 074 + 38% of amount above R528 000550 101 - 701 300R149 619 + 39% of the amount above R550 100550 101 - 701 300R147 996 + 39 % of the amount above R550 100555 601 - 708 310R149 475 + 39 % of the amount above R555 600555 601 - 708 310R147 891 + 39 % of the amount above R555 600555 601 - 708 310R147 891 + 39 % of the amount above R555 600
638 601 and aboveR185 205 + 40% of amount above R638 600673 101 and aboveR195 212 + 40% of amount above R673 100701 301 and aboveR208 587 + 41% of the amount above R701 300701 301 and aboveR206 964 + 41% of the amount above R701 300708 311 - R1 500 000R209 032 + 41% of the amount above R708 310708 311 - 1 500 000R207 448 + 41% of the amount above R708 310708 311 - 1 500 000R207 448 + 41% of the amount above R708 310
 R1 500 001 and aboveR533 625 + 45% of the amount above R1 500 000R1 500 001 and aboveR532 041 + 45% of the amount above R1 500 000R1 500 001 and aboveR532 041 + 45% of the amount above R1 500 000

A summary of older individual rates is available in the archive.

Individuals - Rebates

2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
Primary rebateR12 080R12 726R13 257R13 500R13 635R14 067R14 220
Additional age 65 and over rebateR6 750R7 110R7 407R7 407R7 479R7 713R7 794
Additional age 75 and over rebateR2 250R2 367R2 466R2 466R2 493R2 574R2 601
Tax threshold below age 65R67 111R70 700R73 650R75 000R75 750R78 150R79 000
Tax threshold age 65 - 74R104 611R110 200R114 800R116 150R117 300R121 000R122 300
Tax threshold age 75 and overR117 111R123 350R128 500R129 850R131 150R135 300R136 750

The third rebate was phased out in 1993/4 (see archive for details) and reintroduced at a different age in 2011/12.

Individuals - Monthly Medical Scheme Tax Credit

 2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
MemberR242R257R270R286R303R310R310
First dependantR242R257R270R286R303R310R310
Subsequent dependantsR162R172R181R192R204R209R209

The medical scheme tax credit took effect for taxpayers from 2012/13 for taxpayers younger than 65 and from 2014/15 for taxpayers 65 and older.

Individuals - Interest and Dividends Exemption

2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
Individuals below age 65R23 800R23 800R23 800R23 800R23 800R23 800R23 800
Individuals 65 and overR34 500R34 500R34 500R34 500R34 500R34 500R34 500

Tax free savings accounts were introduced in 2015/16. As a result the interest exemptions above will no longer be increased.

Dividends received from domestic companies were generally exempt from income tax. A notable exception was a dividend from a "fixed property company", since such a company may deduct a dividend declared as an expense for tax purposes. Dividends received from foreign companies were generally taxable. A notable exception was a dividend from a JSE Securities Exchange listed company.

A participation exemption for dividends from a holding of more than 25% in the equity share capital of a foreign company came into effect for years of assessment commencing on or after 1 June 2004. This would be the 2005/6 year for individuals. The participation exemption was extended to a holding of at least 20% of the total equity share capital with voting rights of at least 20% for dividends received or accrued on or after 8 November 2005. It was extended to a holding of at least 10% from 1 March 2012.

From 1 April 2012 dividends received from domestic companies are subject to a final withholding tax of 15% but are exempt from normal tax. Only 37.5% (36.6% from 1 March 2015) of dividends from foreign companies are included in individuals' taxable income, so the maximum effective rate on these dividends is 15%. From 22 February 2017 the withholding tax rate was increased to from 15% to 20%. From 1 March 2017 the proportion of dividends from foreign companies included in individuals' taxable income was increased to 44.4%, so the effective rate on these dividends also increased to 20%.

Corporate

2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
Standard28%28%28%28%28%28%28%
Small Business
 0 - <65 Threshold
<65 Threshold - 365 000
365 001 -550 000
550 001 and above
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%
0%
7%
21%
28%

The table does not deal with gold mines or long-term insurance companies, which are subject to special rates. Turnover and shareholding conditions apply in respect of the small business corporation system.

A summary of older corporate rates is available in the archive.

Capital Gains Tax - Inclusion

 2001/2 - 2013/142014/15 - 2015/162016/17 on
Individuals & special trusts25%33.3%40%
Companies & other trusts50%66.6%80%

Only a percentage of a person's net capital gains for a year is included in taxable income and taxed at normal rates.

Micro Business Turnover Tax

2013/20142014/20152015/20162016/20172017/20182018/20192019/2020
0 - 150 0000%0 - 150 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%0 - 335 0000%
150 001 - 300 0001% of the amount above R150 000150 001 - 300 0001% of the amount above R150 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000335 001 - 500 0001% of the amount above R335 000
300 001 - 500 000R1 500 + 2% of the amount above R300 000300 001 - 500 000R1 500 + 2% of the amount above R300 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000500 001 - 750 000R1 650 + 2% of the amount above R500 000
500 001 - 750 000R5 500 + 4% of the amount above R500 000500 001 - 750 000R5 500 + 4% of the amount above R500 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000750 001 and aboveR6 650 + 3% of the amount above R750 000
750 001 and aboveR15 500 + 6% of the amount above R750 000750 001 and aboveR15 500 + 6% of the amount above R750 000 

Turnover and shareholding conditions apply in respect of the micro business turnover tax system.



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