Personal Tax in South Africa
- Tax Base For Residents and Non-Residents
- South African residents are taxed on worldwide income and capital gains. Non-residents are taxed on their South African-source income and capital gains from immovable property located in South Africa. The maximum income tax rate is 40% of the taxable income where income exceeds ZAR 525,000 per annum.
|ZAR 0 to 132,000||18%|
|ZAR 132,001 to 210,000||25%|
|ZAR 210,001 to 290,000||30%|
|ZAR 290,001 to 410,000||35%|
|ZAR 410,001 to 525,000||38%|
|ZAR 525,001 and above||40%|
- Allowable Deductions and Tax Credit
- Medical aid, Contributions to government approved pension and retirement funds, Charitable donations, etc.
- Special Expatriate Tax Regime
- No special expatriate tax regime exits in South Africa. Expatriates are taxed at the same rates as locals, but only on their South African-sourced income.
- Capital Tax Rate
Donation tax: 20% (applies only above ZAR 50,000)
Estate duty: 20% (applies only above ZAR 2.5 millions )
Property transfer tax: 5% - 8% (applies only above ZAR 500,000 )
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