2024 Tax Rates South Africa 2024. In real monetary terms, this equates to more than r387 billion, with no indication of slowing down, in keeping with the minister’s approach of ‘don’t upset the apple cart’. Government aims to raise zar 15 billion in the 2024/ 2025 fiscal period to ‘alleviate immediate fiscal pressure and support faster debt stabilisation’, of which zar 800 million is expected to be generated by the increased excise duty rates.

The overall maximum effective tax rates for individuals remain unchanged from last year at 18% and for companies and trusts it is 21,6% (previously 22,4%) and 36% respectively. Use our employee’s tax calculator to work out how much paye and uif tax you will pay sars this year, along with your taxable income and tax rates.