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
Particulars	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
Particulars	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.