Page 36 - Nexia SAB&T Business in South Africa Guide 2024
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Natural Person Tax Rates: 28 February 2025
TAXABLE INCOME RATES OF TAX
R0 – R237 100 + 18% of each R1
R237 101 – R370 500 R42 678 + 26% of the amount above R237 100
R370 501 – R512 800 R77 362 + 31% of the amount above R370 500
R512 801 – R673 000 R121 475 + 36% of the amount above R512 800
R673 001 – R857 900 R179 147 + 39% of the amount above R673 000
R857 901 – R1 817 000 R251 258 + 41% of the amount above R857 900
R1 817 001 and above R644 489 + 45% of the amount above R1 817 000
Rebates: Natural persons 2023 2024 2025
Primary R16 425 R17 235 R17 235
Secondary (Persons 65 and older) R9 000 R9 444 R9 444
Tertiary (Persons 75 and older) R2 997 R3 145 R3 145
Thresholds: Natural persons 2023 2024 2025
Below age 65 R91 250 R95 750 R95 750
Age 65 to below 75 R141 250 R148 217 R148 217
Age 75 and over R157 900 R165 689 R165 689
Interest Exemption: 2023 2024 2025
Natural persons
Below age 65 R23 800 R23 800 R23 800
Age 65 and above R34 500 R34 500 R34 500
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