Tax rate comparisons
Red denotes recent changes.
| Changes to important tax rates - five year history | |||||
|---|---|---|---|---|---|
| 2005/2006 | 2006/2007 | 2007/2008 | 2008/2009 | 2009/2010 | |
| Individuals | |||||
| Tax rates | 18-40% |
18-40% |
18-40% |
18-40% |
18-40% |
| Rebate-primary | 6,300 |
7,200 |
7,740 |
8,280 |
9,756 |
| Additional rebates -over 65 | 4,500 |
4,500 |
4,680 |
5,040 |
5,400 |
| Tax threshold 65 | 35,000 |
40,000 |
43,000 |
46,000 |
54,200 |
| Tax threshold-65 and older | 60,000 |
65,000 |
69,000 |
74,000 |
84,200 |
| Interest exemption-under 65 | 15,000 |
16,500 |
18,000 |
19,000 |
21,000 |
| Interest exemption 65 and older | 22,000 |
24,500 |
26,000 |
27,500 |
30,000 |
| Estate duty | 20% |
20% |
20% |
20% |
20% |
| Estate duty abatement | R1.5 million |
R2.5 million |
R3.5 million |
R3.5 million |
R3.5 million |
| Trusts (other than special trusts) | 40% |
40% |
40% |
40% |
40% |
| Companies | |||||
| South African | 29% |
29% |
29% |
28% |
28% |
| Foreign resident companies that trade in South Africa through a branch/agency | 34% |
34% |
34% |
33% |
33% |
| Employment companies | 34% |
34% |
34% |
33% |
33% |
| Secondary tax on companies | 12.50% |
12.50% |
10% |
10% |
10% |
| Value added tax | 14% |
14% |
14% |
14% |
14% |
| Donations tax | 20% |
20% |
20% |
20% |
20% |
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