The South African Revenue Service(SARS) is responsible for collection and enforcement of taxes.

Taxes in South Africa

1.Individual Taxes(Personal Income taxes)

2.Corporate taxes

3.VAT

4.WHT

5.Capital gain tax

6.property taxes

7.others (to be updated)

A.PERSONAL INCOME TAX RATE (1 MAR-28 FEB 2023)

1-226,000 18% of taxable income

226001-353100: 40680+26 % of T.I ABOVE 226000

353101-488700: 73726 +31% OF T.I ABOVE 353100

488701-641400: 115762+36% OF T. I ABOVE 488701

641401-817600: 170734+39% OF T.I ABOVE 641400

817601-1731600: 239452+41% OF T.I ABOVE 817600

1731601 AND ABOVE : 614192+45% OF T.I ABOVE 731600

SEE MORE A. INTERNATIONAL TAX SYSTEM B.BUSINESS AND IT BOOKS C.TAX SOFTWARE

Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on  this publication(post). Consult your professional for advice.