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South Africa Publishes 2023 Tax Acts

09 January 2024

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Approved Changes

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South Africa

The South African Revenue Service has published the country's 2023 tax acts, which were promulgated on 22 December 2023, including: Taxation Laws Amendment Act, 2023 - Act 17 of 2023 Tax Administration Laws Amendment Act, 2023 - Act 18 of 2023 Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2023 - Act 19 of 2023 Some of the main changes include the following: The adjustment of the personal income tax brackets and rebates for the effect of inflation, with the annual tax-free threshold for a person under the age of 65 increased from ZAR 91,250 to ZAR 95,750...