Tax Tables
INCOME TAX RATES: NATURAL PERSONS (INDIVIDUALS) AND SPECIAL TRUSTS
YEAR OF ASSESSMENT ENDING 28 FEBRUARY 2011
|
Taxable income |
Tax rates |
||||
|
R |
|||||
|
0 -140 000 |
+ |
18% |
of each R1 |
||
|
140 001 - 221 000 |
R25 200 |
+ |
25% |
of the excess over |
R 140 000 |
|
221 001 - 305 000 |
R45 450 |
+ |
30% |
of the excess over |
R 221 000 |
|
305 001 - 431 000 |
R70 650 |
+ |
35% |
of the excess over |
R 305 000 |
|
431 001 - 552 000 |
R114 750 |
+ |
38% |
of the excess over |
R 431 000 |
|
552 001 and above |
R160 730 |
+ |
40% |
of the excess over |
R 552 000 |
NATURAL PERSONS
Tax thresholds
|
2010 |
2011 |
|
|
Below 65 years of age |
R54 200 |
R57 000 |
|
Aged 65 and over |
R84 200 |
R88 528 |
Tax rebates
|
2010 |
2011 |
|
|
Primary - All Natural Persons |
R9 756 |
R10 260 |
|
Secondary - in addition to the above - persons aged 65 and over |
R5 400 |
R5 675 |
CORPORATE TAX RATES
YEARS OF ASSESSMENT ENDING BETWEEN 1 APRIL 2009 AND 31 MARCH 2010
Tax rates for qualifying small business corporations will be as follows:
|
Taxable Income (R) |
Rate of Tax |
|
R0 – R57 000 |
0% |
|
R57 000 - 300 000 |
10% of the amount above 57 000 |
|
R300 001 and above |
24 300 + 28% of the amount above 300 000 |
Secondary tax on companies (STC)
The STC rate remains unchanged at 10%.
TRUSTS
The tax rate on trusts (other than special trusts) remains unchanged at 40%.
