SARS Tax Rates: South African Revenue Service

December 8, 2023 ajiraforum South Africa

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SARS Tax Rates: South African Revenue Service

SARS Tax Rates: South African Revenue Service

 SARS Tax Rates: South African Revenue Service This Article Contain Full of information About SARS Tax Rates: South African Revenue Service,Income Tax Rate,Employers Tax Rate,Transfer Duty Tax Rate,Turnover Tax Rate.

Tax rates are proposed by the Minister of Finance in the annual Budget Speech and fixed or passed by Parliament each year.

Income Tax Rate

In this section you will find a list of income tax rates for the past few years for:

See here how the changes in tax rates affect the age groups per income level from last year to this year.

Information is recorded from current tax year to oldest, e.g. 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, etc.

Turnover Tax Rate

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

 

2019 (1 March 2018 – 28 February 2019)
​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
2018 (1 March 2017 – 28 February 2018)
​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
2017 (1 March 2016 – 28 February 2017)
​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
2016 (1 March 2015 – 29 February 2016)
​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
2013 – 2015 (1 March 2012 – 28 February 2015)
​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

Employers Tax Rate

Tax rates are proposed by the Minister of Finance in the annual Budget Speech and fixed or passed by Parliament each year.

In this section you can find a list of tax rates, commonly used by employer, for the past five years for:

Transfer Duty Tax Rate

2023 (1 March 2022 – 28 February 2023) –  No 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
2022 (1 March 2021 – 28 February 2022) –  No 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

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 0000%
900 001 – 1 250 0003% of the value above R900 000
1 250 001 – 1 750 000R10 500 + 6% of the value above R 1 250 000
1 750 001 – 2 250 000R40 500 + 8% of the value above R 1 750 000
2 250 001 – 10 000 000R80 500 +11% of the value above R2 250 000
10 000 001 and above​R933 000 + 13% of the value above R10 000 000
2018 (1 March 2017 – 28 February 2018)
​Value of the property (R)​Rate
0 – 900 0000%
900 001 – 1 250 0003% of the value above R900 000
1 250 001 – 1 750 000R10 500 + 6% of the value above R 1 250 000
1 750 001 – 2 250 000R40 500 + 8% of the value above R 1 750 000
2 250 001 – 10 000 000R80 500 +11% of the value above R2 250 000
10 000 001 and above​R933 000 + 13% of the value above R10 000 000
2017 (1 March 2016 – 28 February 2017)
​Value of the property (R)​Rate
0 – 750 0000%
750 001 – 1 250 0003% of the value above R750 000
1 250 001 – 1 750 000R15 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
2016 (1 March 2015 – 29 February 2016)
​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

Medical Tax Credit Rates

The Medical Scheme Fees Tax Credit Medical Scheme Fees Tax Credit (MTC) applied from 1 March 2012 (the 2013 tax year) but didn’t affect all categories of taxpayers at once. There are two different start dates depending on the age of the taxpayer:
  • 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 2023 tax years

23 February 2022 – See the changes from last year:

​Per month (R)20232022​​​2021​20202019
​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 fundR347​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 fundR694​R664​R638​R620​R620
​​For each additional dependantR234​R224​R215​R209​R209

Medical Tax Credit Rates for the 2013 to 2018 tax years

​Per month (R)​20182017​​​2016​20152014​​​2013​
​For the taxpayer who paid the medical scheme contributions​R303​R286R270​R257​R242​R230
​For the first dependant​R303​R286​R270​R257​R242​R230
​For each additional dependant​R204​R192​R181R​172​R162​R154
Important: The amounts may vary depending on the number of months in the tax year that a taxpayer and dependants are members of a medical scheme or fund.

For more information, please see Medical Scheme Fees Tax Credits.

Other Taxes Rate

Donations Tax

23 February 2022 – 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

23 February 2022 – 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

23 February 2022 – 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

23 February 2022 – 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.

STT

23 February 2022 – 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.

Tax on International Air Travel

​Tax yearInternational flights (excluding BLNS)​BLNS countries​​
2023R190 per passengerR100 per passenger
​2022​​​R190 per passenger​R100 per passenger
​2021​​R190 per passenger​R100 per passenger
​2020​R190 per passenger​R100 per passenger
​2019​R190 per passenger​R100 per passenger
​2018​R190 per passenger​R100 per passenger
​2017​R190 per passenger​R100 per passenger
2016​​R190 per passenger​R100 per passenger
​2015​R190 per passenger​R100 per passenger

Top Tip: BLNS means Botswana, Lesotho, Namibia and eSwatini.

 

For more information on tax rates, see the Budget webpage.

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