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This is just a high level summary, should you need detailed information kindly email our secretarial team on:

2018/2019 Tax Table

Rates of tax for individuals

Following the changes announced in the Budget Speech on 21 February 2018, the rates of tax outlined below will be effective 1 March 2018.

 

Taxable Income (R) Rates of tax (R)
​0 – 195 850 18% of taxable income
​195 851 – 305 850 35 253 + 26% of taxable income above
195 850
​305 851 – 423 300 63 853 + 31% of taxable income above
305 850
​423 301 – 555 600 100 263 + 36% of taxable income above
423 300
​555 601 – 708 310 147 891 + 39% of taxable income above
555 600
​708 311 – 1 500 000 207 448 + 41% of taxable income above
708 310
​1 500 001 and above 532 041 + 45% of taxable income above
1 500 000

Tax Rebates:

Rebates
Primary R14 067
Secondary (Persons 65 and older) R7 713
Tertiary (Persons 75 and older) R2 574

Age Thresholds:

Age Tax Threshold
Below age 65 R78 150
Age 65 to below 75 R121 000
Age 75 and over R135 300

Medical Aid Tax Credits:

Medical Aid Tax Credits
Main Member R310
First Dependent R310
Additional Dependents R209

Subsistence Allowance:

Subsistence Allowance (RSA)
Meals and Incidentals R416
Incidentals Only R128

Prescribed Rate Per Kilometre:

Prescribed Rate Per Kilometre
Prescribed Rate Per Kilometre is R3.61 (2017/18: 3.55)

 

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