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South African Income Tax rates for 2016/2017

Finance Minister Pravin Gordhan delivered his 2016 Budget on 24 February, and surprised analysts by not hiking the personal income tax rate.
Tax rates for companies and VAT were not increased either.
“However, as part of fiscal measures to narrow the budget deficit and stabilise debt growth, government proposes to raise an additional R18.1bn in revenue in R2016/17,” reported Fin24.
“This will mainly be achieved by upward adjustments to capital gains tax (the effective rate raised from 13.7% to 16.4% for individuals), transfer duty (11% to 13% on property sales above R10m) and increases in excise duties, the general fuel levy (30 cents per litre), and environmental taxes.”
The tables below detail the income tax rates for the year ahead.

Income Tax 2016/2017

RATES OF TAX FOR INDIVIDUALS

 
2017 tax year (1 March 2016 - 28 February 2017)

​Taxable income (R)​Rates of tax (R)
0 – 188 00018% of taxable income
188 001 – 293 60033 840 + 26% of taxable income above 188 000
293 601 – 406 40061 296 + 31% of taxable income above 293 600
406 401 – 550 10096 264 + 36% of taxable income above 406 400
550 101 – 701 300147 996 + 39% of taxable income above 550 100
701 301 and above206 964 + 41% of taxable income above 701 300




2016 tax year (1 March 2015 - 29 February 2016)

​Taxable income (R)​Rates of tax (R)
​0 - 181 900​18% of each R1
​181 901 - 284 100​32 742 + 26% of the amount above 181 900
​284 101 - 393 200​59 314 + 31% of the amount above 284 100
​393 201 - 550 100​93 135 + 36% of the amount above 393 200
​550 101 - 701 300​149 619 + 39% of the amount above 550 100
​701 301 and above​208 587 + 41% of the amount above 701 300

2015 tax year (1 March 2014 - 28 February 2015)

​Taxable income (R)​Rates of tax (R)
0 - 174 550​​18% of each R1
​174 551 - 272 700​31 419 + 25% of the amount above 174 550
​272 701 - 377 450​55 957 +30% of the amount above 272 700
​377 451 - 528 000​87 382 + 35% of the amount above 377 450
​528 001 - 673 100​140 074 +38% of the amount above 528 000
​673 101 and above​195 212 + 40% of the amount above 673 100

  2014 tax year (1 March 2013 - 28 February 2014)

Taxable income (R)​​Rates of tax (R)
​0 - 165 600​18% of each R1
​165 601 - 258 750​29 808 + 25% of the amount above 165 600
​258 751 - 358 110​53 096 + 30% of the amount above 258 750
​358 111 - 500 940​82 904 + 35% of the amount above 358 110
​500 941 - 638 600​132 894 +38% of the amount above 500 940
​638 601 and above​185 205 + 40% of the amount above 638 600


2013 tax year (1 March 2012 - 28 February 2013)

​Taxable income (R)​Rates of tax (R)
​0 - 160 000​18% of each R1
​160 001 - 250 000​28 800 + 25% of the amount above 160 000
​250 001 - 346 000​51 300 + 30% of the amount above 250 000
​346 001 - 484 000​80 100 + 35% of the amount above 346 000
​484 001 - 617 000​128 400 + 38% of the amount above 484 000
​617 001 and above​178 940 + 40% of the amount above 617 000

Tax Rebates

Tax Rebate​​​ Tax Year​ ​ ​ ​ ​
​       2017​2016​2015​2014​2013
​Primary​R13 500​R13 257​R12 726​R12 080​R11 440
​Secondary (65 and older)​R7 407​R7 407​R7 110​R6 750​R6 390
​Tertiary (75 and older)​R2 466​R2 466​R2 367​R2 250​R2 130

Tax Thresholds

​ Tax Year​ ​ ​ ​ ​
Person2017​2016​2015​2014​2013
Under 65​R75 000​R73 650​R70 700​R67 111​R63 556
​65 an older​R116 150​R114 800​R110 200​R104 611​R99 056
​75 and older​R129 850​R128 500​R123 350​R117 111​R110 889

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