| Tax Year |
2016 (1 March 2015 to 29 February 2016) |
2017 (1 March 2016 to 28 February 2017) |
| Below age 65 |
R73 650 |
R75 000 |
|
Age 65 to below 75 |
R114 800 |
R116 150 |
|
Age 75 and over |
R128 500 |
R129 850 |
| Taxable Income (R) |
Rate of Tax (R) |
|
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 673 100 |
Financial years ending on any date between 1 April 2016 and 31 March 2017
| Taxable Income (R) |
Rate of Tax (R) |
|
0 – 75 000 |
0% of taxable income |
|
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 March 2016 and 28 February 2017
| 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 |
|
500 000 - 750 000 |
1 650 + 2% of taxable turnover above 500 000 |
|
550 001 and above |
6 650 + 3% of taxable turnover above 550 000 |
| Taxable Income (R) |
Rate of Tax (R) |
|
0 – 25 000 |
0% of taxable income |
|
25 001 - 660 000 |
18% of taxable income above 25 000 |
|
660 001 - 990 000 |
114 300 + 27% of taxable income above 660 000 |
|
990 001 and above |
203 400 + 36% of taxable income above 990 000 |
| Taxable Income (R) |
Rate of Tax (R) |
|
0 – 500 000 |
0% of taxable income |
|
500 001 - 700 000 |
18% of taxable income above 500 000 |
|
700 001 - 1 050 000 |
36 000 + 27% of taxable income above 700 000 |
|
1 050 001 and above |
130 500 + 36% of taxable income above 1 050 000 |
Capital gains on the disposal of assets are included in taxable income.
Maximum effective rate of tax:
| Individuals and special trusts |
16.4% |
|
Companies |
22.4% |
|
Other trusts |
32.8% |
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