Tax Tables
CLICK HERE FOR 2008/2009 TAX TABLES AND TAX RATES FOR INDIVIDUALS AND BUSINESSES
CLICK HERE FOR 2009/2010 TAX TABLES AND TAX RATES FOR INDIVIDUALS AND BUSINESSES
CLICK HERE FOR 2010/2011 TAX TABLES AND TAX RATES FOR INDIVIDUALS AND BUSINESSES
INCOME TAX RATES: NATURAL PERSONS (INDIVIDUALS) AND SPECIAL TRUSTS
YEAR OF ASSESSMENT ENDING 29 FEBRUARY 2012
|
Taxable Income Taxable rates |
|
|
0 - 150 000 |
18% of taxable income |
|
150 001 - 235 000 |
27 000 + 25% of taxable income above 150 000 |
|
235 001 - 325 000 |
48 250 + 30% of taxable income above 235 000 |
|
325 001 - 455 000 |
75 250 + 35% of taxable income above 325 000 |
|
455 001 - 580 000 |
120 750 + 38% of taxable income above 455 000 |
|
580 001 and above |
168 250 + 40% of taxable income above 580 000 |
NATURAL PERSONS
Tax thresholds
|
Tax thresholds |
||
|
2011 (R) |
2012 (R) |
|
|
Below 65 years of age |
57 000 |
59 750 |
|
Aged 65 and below 75 |
88 528 |
93 150 |
|
Aged 75 and over |
- |
104 261 |
Tax rebates
|
Tax rebates |
|
|
2012 (R) |
|
|
Primary - All natural persons |
10 755 |
|
Secondary - Persons aged 65 and below 75 |
6 012 |
|
Secondary - Persons aged 75 above |
2 000 |
CORPORATE TAX RATES
YEARS OF ASSESSMENT ENDING BETWEEN 1 APRIL 2011 AND
31 MARCH 2012
|
NORMAL TAX |
||
|
Companies and close corporations |
Basic rate |
28% |
|
Personal service provider companies |
Basic rate |
33% |
|
Foreign resident companies which earn income from a SA source |
Basic rate |
33% |
SMALL BUSINESS CORPORATIONS
Tax rates for qualifying small business corporations will be as follows:
|
Taxable Income (R) |
Rate of Tax (R) |
|
0 – 59 750 |
0% |
|
59 751 – 300 000 |
10% of the amount above 59 750 |
|
300 001 and above |
24 025 + 28% of the amount above 300 000 |
MICRO BUSINESSES
Financial year ending on 29 February 2012
|
Taxable turnover (R) |
Rate of tax (R) |
|
0 – 150 000 |
0% |
|
150 001 – 300 000 |
1% of the amount above 150 000 |
|
300 001 – 500 000 |
1 500 + 3% of the amount above 300 000 |
|
500 001 – 750 000 |
7 500 + 5% of the amount above 500 000 |
|
750 001 and above |
20 000 + 7% of the amount above 750 000 |
