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How Much Is Tax in South Africa?
What is Tax?
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax money is used to pay for government programs like Social Security and Medicare, as well as public infrastructure and services like roads and schools.
10 types of taxes in South Africa
- Turnover Tax
- Income Tax
- Dividend Tax
- Value Added Tax (VAT)
- Donations Tax
- Capital Gains Tax
- Customs And Excise Taxes
- Provisional Tax
- Transfer Duty
- PAYE (Pay As You Earn)
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The current rates for Tax in South Africa are listed below:
| 2023 tax year (1 March 2022 – 28 February 2023) | |
| 23 February 2022 – See the changes from the previous year: | |
| Taxable income (R) | Rates of tax (R) |
| 1 – 226 000 | 18% of taxable income |
| 226 001 – 353 100 | 40 680 + 26% of taxable income above 226 000 |
| 353 101 – 488 700 | 73 726 + 31% of taxable income above 353 100 |
| 488 701– 641 400 | 115 762 + 36% of taxable income above 488 700 |
| 641 401 – 817 600 | 170 734 + 39% of taxable income above 641 400 |
| 817 601 – 1 731 600 | 239 452 + 41% of taxable income above 817 600 |
| 1 731 601 and above | 614 192 + 45% of taxable income above 1 731 600 |
