South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid on income from a non-South African source. Non-residents are taxed on their South African sourced income. The same rates of tax are applicable to both residents and non-residents.
Progressive tax rates apply for individuals. The rates for the tax year commencing on 1 March 2023 and ending on 29 February 2024 are as follows:
Personal income tax rates
|Income (ZAR)||Tax on column 1 (ZAR)||Tax on excess (%)|
|0 to 237,100||0||18|
|237,101 to 370,500||42,678||26|
|370,501 to 512,800||77,362||31|
|512,801 to 673,000||121,475||36|
|673,001 to 857,900||179,147||39|
|857,901 to 1,817,000||251,258||41|
|1,817,001 and above||644,489||45|
Local income taxes
There are no local income taxes in South Africa.