Tax Tables
INCOME TAX RATES: NATURAL PERSONS (INDIVIDUALS) AND SPECIAL TRUSTS
YEAR OF ASSESSMENT ENDING 29 FEBRUARY 2012
Taxable income |
Taxable rates |
||||
R |
|||||
0 -150 000 |
+ |
18% |
of each R1 |
||
150 001 - 235 000 |
R27 000 |
+ |
25% |
of the excess over |
R 150 000 |
235 001 - 325 000 |
R48 250 |
+ |
30% |
of the excess over |
R 235 000 |
325 001 - 455 000 |
R75 250 |
+ |
35% |
of the excess over |
R 325 000 |
455 001 - 580 000 |
R120 750 |
+ |
38% |
of the excess over |
R 455 000 |
580 001 and above |
R168 250 |
+ |
40% |
of the excess over |
R 580 000 |
NATURAL PERSONS
Tax thresholds
2011 |
2012 |
|
Below 65 years of age |
R57 000 |
R59 750 |
Aged 65 and below 75 |
R88 528 |
R93 150 |
Aged 75 and over |
- |
R104 261 |
Tax rebates
2012 |
|
Primary - All Natural Persons |
R10 755 |
Secondary - Persons aged 65 and below 75 |
R6 012 |
Secondary - Persons aged 75 and above |
R2 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 an 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 |
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 Income (R) |
Rate of Tax |
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 |
750 000 and above |
20 000 + 7% of the amount above 750 000 |
SECONDARY TAX ON COMPANIES (STC)
The STC rate remains unchanged at 10%.