Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

SARS Tax Tables 2015

Posted 26 February 2015 under Tax



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Tax Thresholds:
Tax year 1 March 2014 to 28 February 2015 Tax year 1 March 2015 to 28 February 2016
Below age 65 R70 700 Below age 65 R73 650
Age 65 and over R110 200 Age 65 and over R114 800
Age 75 and over R123 350 Age 75 and over R128 500

Individuals and special trusts
Taxable Income (R) Rate of Tax (R)
0 – 181 900 18% of taxable income
181 901 – 284 100 32 742 + 26% of taxable income above 181 901
284 101 – 393 200 59 314 + 31% of taxable income above 284 101
393 201 – 550 100 93 135 + 36% of taxable income above 393 201
550 101 – 701 300 149 619 + 39% of taxable income above 528 001
701 301 and above 208 587 + 41% of taxable income above 673 101

Company Financial years ending on any date between 1 April 2015 and 31 March 2016
Taxable Income (R) Rate of Tax (R)
0 – 73 650 0% of taxable income
73 651 – 365 000 7% of taxable income above 73 651
365 001 – 550 000 20 601 + 21% of taxable income above 365 001
550 001 and above 59 451 + 28% of the amount above 550 001

Retirement fund lump sum withdrawal benefits
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

Retirement fund lump sum benefits or severance benefits
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 13.65%
Companies 18.65%
Other trusts 27.31%

This entry was posted in Tax and tagged , , , . Bookmark the permalink.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →