Individuals

Tax tables & Rates

2018/2019 Tax rates - Individuals

Taxable income (R) Rates of tax (R)

0 – 195 850 18% of taxable income

195 851 – 305 850 35 253 + 26% of taxable income above 195 850

305 851 – 423 300 63 853 + 31% of taxable income above 305 850

423 300 – 555 600 100 263 + 36% of taxable income above 423 300

555 601 – 708 310 147 891 + 39% of taxable income above 555 600

708 311 – 1 500 000 207 448 + 41% of taxable income above 708 310

1 500 001 and above 532 041 + 45% of taxable income above 1 500 000

Rebates

Primary 14 067 (Threshold - 78 150)

Secondary 7 713 (Threshold - 121 000)

Tertiary 2 574 (Threshold - 135 300)

Medical Aid Tax credits

Tax payer and first dependant 310

Each additional dependant 209

Interest Exemption

Persons under 65 23 800

Person 65 and older 34 500

Capital Gains Tax (CGT)

40% of capital gain/loss included in taxable income

Exclusion 40 000 (300 000 in year of death)

2017/2018 Tax rates - Individuals

Taxable income (R) Rates of tax (R)

0 – 189 880 18% of taxable income

189 881 – 296 540 34 178 + 26% of taxable income above 189 880

296 541 – 410 460 61 910 + 31% of taxable income above 296 540

410 461 – 555 600 97 225 + 36% of taxable income above 410 460

555 601 – 708 310 149 475 + 39% of taxable income above 555 600

708 311 – 1 500 000 209 032 + 41% of taxable income above 708 310

1 500 001 and above 533 625 + 45% of taxable income above 1 500 000

Rebates

Primary 13 635 (Threshold - 75 750)

Secondary 7 479 (Threshold - 117 300)

Tertiary 2 493 (Threshold - 131 150)

Medical Aid Tax credits

Tax payer and first dependant 303

Each additional dependant 204

Interest Exemption

Persons under 65 23 800

Person 65 and older 34 500

Capital Gains Tax (CGT)

40% of capital gain/loss included in taxable income

Exclusion 40 000 (300 000 in year of death)

2016/2017 Tax rates - Individuals

Taxable income (R) Rates 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 701 300

Rebates

Primary 13 500 (Threshold - 75 000)

Secondary 7 407 (Threshold - 116 150)

Tertiary 2 466 (Threshold - 129 850)

Medical Aid Tax credits

Tax payer and first dependant 286

Each additional dependant 192

Interest Exemption

Persons under 65 23 800

Person 65 and older 34 500

Capital Gains Tax (CGT)

40% of capital gain/loss included in taxable income

Exclusion 40 000 (300 000 in year of death)