2015-16 Sars Tax Table
What are statutory Tax rates in South Africa for the 2015-16 Tax Year?
The rates of tax in respect of the 2015/2016 tax year are set out in the tax table below.
|Taxable Income (R):||Rates of Tax:|
|0 – 181,900||18% of taxable income|
|181,901 – 284,100||R32,742 + 26% of taxable income above R181,900|
|284,101 – 393,200||R59,314+ 31% of taxable income above R284,100|
|393,201 – 550,100||R93,135 + 36% of taxable income above R393,200|
|550,101 – 701,300||R149,619 + 39% of taxable income above R550,100|
|701,301 and above||R208,587 + 41% of taxable income above R701,300|
They are normal tax rates proposed by the Minister of Finance in his annual Budget Statement and fixed or enacted by Parliament in South Africa. The statutory tax rates for individuals in respect of the 2015-16 tax year are as follows:
These rates and table were announced by the South African Minister of Finance in February 2015. Please contact us on 011 447 8823 for more information.