Tax 2025 South Africa

Tax 2025 South Africa. Silke South African Tax 2024 Textbook Trader The following is a summary of selected tax proposals included in the 2025 Budget: The minister has proposed raising the VAT rate and corporate and personal income taxes

The speech includes measures to: 1) increase the standard VAT rate to 15.5 percent from 15 percent for tax year 2025-26, effective May 1, 2025, and to 16 percent for tax year 2026-27, effective April 1, 2026; 2) expand the zero-rate VAT for essential food items to canned vegetables, dairy liquid blends, and. To see tax rates from 2014/5, see the Archive - Tax Rates webpage

Here’s how much tax you will pay this year based on your earnings in South Africa CTF

The basket of items that are zero-rated for VAT will be expanded to include specific edible offal, specific meat cuts, unflavoured dairy liquid blends and. On this page you will see Individuals' tax table, as well as the Tax Rebates and Tax Thresholds - scroll down On 12 March 2025, while tabling the national annual budget, the South African Finance Minister announced that the value-added tax (VAT) rate will increase by 0.5% to 15.5% on 1 May 2025, and by another 0.5% to 16% on 1 April 2026.

Tax Brackets 2025 South Africa Nana Theresita. MONTHLY TAX DEDUCTION TABLES (2025 TAX YEAR) PAYE-GEN-01-G01-A03 Revision: 0 Page 1 of 15 Under 65 65 - 74 Over 75 Under 65 65 - 74 Over 75 R 0 - R 4,979 R 59,748 R 0 R 0 R 0 R 9,929 - R 10,029 R 119,748 R 360 R 0 R 0 R 4,980 - R 5,080 R 60,360 R 0 R 0 R 0 R 10,030 - R 10,130 R 120,960 R 378 R 0 R 0 On 12 March 2025, while tabling the national annual budget, the South African Finance Minister announced that the value-added tax (VAT) rate will increase by 0.5% to 15.5% on 1 May 2025, and by another 0.5% to 16% on 1 April 2026.

Tax Bracket 2025 South Africa Guillermo Roy. 2026 tax year (1 March 2025 - 28 February 2026) 12 March 2025 - No changes Carbon tax - The carbon tax plays an integral role in South Africa's climate change mitigation efforts