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South Africa Updates Guide for Tax Rates, Duties, and Levies

06 September 2024

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Approved Changes

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South Africa

On 29 August 2024, the South African Revenue Service (SARS) published an updated Guide for Tax Rates/Duties/Levies (Issue 17), which provides a current and historical view of the rates of various taxes, duties, and levies collected by SARS. This includes: Corporate tax rates for: companies in general; mining companies; insurers; small business corporations; public benefit organisations or recreational clubs; and micro businesses; Personal income tax rates; Tax rates for trusts; Value-added tax (VAT); Transfer duty; Security transfer tax (STT); Skills development levy (SDL); Unemployment insurance fund (UIF) contributions; Withholding taxes on: royalties; interest; foreign entertainers and sportspersons (visiting artists); and...