INCOME TAX: INDIVIDUALS AND TRUSTS

Tax rates for the period 1 March 2018 to 28 February 2019

This tax guide provides a synopsis of the most important tax, duty and levy information for 2018/19

Individuals and special trusts

Taxable Income (R) Rate 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

Trusts other than special trusts: rate of rax 45%

Rebates

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

Age

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