Tax rates - individuals and trusts
Red denotes recent changes.
1 March 2009 to 28 February 2010
Download the individual tax rate comparison in pdf format (137kb)
Individuals, special trusts
| Taxable Income (R) | (R) | Rate of tax (R) | ||
|---|---|---|---|---|
|
0 - 132 000 |
18% |
of each R1 |
||
|
132 001 - 210 000 |
23 760 |
+ 25% |
of the amount above |
132 000 |
|
210 001 - 290 000 |
43 260 |
+ 30% |
of the amount above |
210 000 |
|
290 001 - 410 000 |
67 260 |
+ 35% |
of the amount above |
290 000 |
|
410 001 - 525 000 |
109 260 |
+ 38% |
of the amount above |
410 000 |
|
525 001 and above |
152 960 |
+ 40% |
of the amount above |
525 000 |
| Trusts other than special trusts |
40% of each R1 |
|||
| Tax rebates and deductions |
2010 |
2009 |
| Rebates |
R |
R |
|
9 756 |
8 280 |
|
5 400 |
5 040 |
| Deductions | ||
|
||
|
||
|
Fully deductible |
Fully deductible |
|
||
|
||
| Exemptions | ||
|
||
|
21 000 |
19 000 |
|
30 000 |
27 500 |
| Tax threshold | ||
|
54 200 |
46 000 |
|
84 200 |
74 000 |
Notes
- Medical expenses: From 1 March 2009 taxpayers under 65 will be entitled to a basic deduction for contributions to a medical aid scheme of R625 each for the taxpayer and R625 for the first dependant, and R380 for each additional dependant thereafter. Any portion of the contributions not allowed as part of the basic deduction, together with qualifying medical expenses, will be allowed as an additional deduction to the extent that it exceeds 7.5% of taxable income (before the medical deduction). Contributions by an employer to the medical aid scheme will go to reduce the deduction. (See also fringe benefits-medical aid).
- Pensions: A person’s current year contributions, limited to the greater of R1 750 or 7.5% of retirement funding remuneration, are tax deductible. (It has been proposed that these be reviewed).
- Retirement annuities: A person’s current year contributions are deductible, limited to the greater of R1 750, or R3 500 less the allowable deduction for contributions to a pension fund or, 15% of the taxpayer’s taxable income (before certain deductions such as medical expenses are taken into account), excluding income from retirement-funding employment. (It has been proposed that these be reviewed).
- Exemptions: A maximum exemption of R3 500 out of the total exemption is available for foreign dividends and foreign interest.
Information based on legislation as at 11 February 2009.
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