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South Africa Announces Publication of 2022 Tax Acts

23 January 2023

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Approved Changes

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South Africa

South Africa's National Treasury issued a media statement on 16 January 2023 regarding the publication of the country's 2022 tax acts in the Official Gazette, including: Rates and Monetary Amounts and Amendment of Revenue Laws Act (19 of 2022) Taxation Laws Amendment Act (20 of 2022) Tax Administration Laws Amendment Act (21 of 2022) Some of the main changes include the following: The personal income tax brackets and rebates are adjusted by 4.5%, in line with inflation, with the annual tax-free threshold for a person under the age of 65 increased from ZAR 87,300 to ZAR 91,250 and the taxable...