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South Africa personal Income Tax Rate  2018-2019. Capital Gain Tax and Corporate / Companies, Residents and Non Residents

 

 

South Africa Personal Income Tax Rate for 2018-19

(1st March 2018 to 28 February 2019)

Taxable Income (R) Tax Rate Amount (R)
0 to 195,850 18% Taxable Income x 18%
195,851 to 305,850 26% 35,253 + 26% of above R195,850
305,851 to 423,300 31% 63,853 + 31% of above R305,850
423,301 to 555,600 36% 100,263 + 36% of above R423,300
555,601 to 708,310 39% 147,891 + 39% of above R555,600
708,311 to 1,500,000 41% 207,448 + 41% of above R708,310
Above R1,500,000 45% 532,041 + 45% of above R1,500,000

 

Trusts other Than Special Trusts: Tax Rate 45%

 

Rebates for 2018-19

Description Tax Rate
Primary R 14,067
Secondary (Person 65 and older) R 7,713
Tertiary (Person 75 and older) R 2,574

 

Tax Threshold for 2018-19

Description Tax Rate
Below age 65 R 78,150
Age 65 to below 75 R 121,000
Age 75 and over R 135,300

 

Capital Gain Tax rate in South Africa for 2018-2019

Type of Assessee Tax Rate 2018 (Proposed) Tax Rate 2017
Individuals and Special Trusts 18% 16.4%
Companies 22.4% 22.4%
Other Trusts 36% 32.8%

 

 

Income Tax for Company from 1st April 2018 to 31st March 2019

Type of Tax Tax Rate
Companies 28% Taxable Income

 

Income Tax Rate for Company, Trust and Small Business Corporation (SBC) for 2018-19 in South Africa 1st April 2018 to 31st March 2019

Taxable Year Tax Rate
0 to 78,150 0%
78,151 to 365,000 7%
365,001 to 550,000 21%
550,001 and above 28%

 

Turnover Tax for Micro Business 1st April 2018 to 31st March 2019

Taxable Year Tax Rate
0 to 335,000 0%
335,001 to 500,000 1%
500,001 to 750,000 2%
750,001 and above 3%

 

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