TAX RATES: 28 FEBRUARY 2018 – INDIVIDUALS

TAX RATES: 28 FEBRUARY 2018 – INDIVIDUALS

NATURAL PERSONS

TAXABLE INCOME RATES OF TAX
R0 – R189 880 18% of each R1
R189 881 – R296 540 R34 178 + 26% of the amount above R189 880
R296 541 – R410 460 R61 910 + 31% of the amount above R296 540
R410 461 – R555 600 R97 225 + 36% of the amount above R410 460
R555 601 – R708 310 R149 475 + 39% of the amount above R555 600
R708 311 – R1 500 000 R209 032 + 41% of the amount above R708 310
R1 500 001 and above R533 625 + 45% of the amount above R1 500 000

 

Rebates: Natural Persons 2018
Primary R13 635
Secondary (Persons 65 and older) R7 479
Tertiary (Persons 75 and older) R2 493

 

Thresholds: Natural Persons 2018
Below age 65 R75 750
Age 65 to below 75 R117 300
Age 75 and over R131 150

 

Interest Exemption: Natural Persons 2018
Below age 65 R23 800
Age 65 and above R34 500