What Are the Personal Income Tax Rates in South Africa for 2023/2024?

Discover the personal income tax rates in South Africa for 2023/2024, ranging from 18% to 45% based on your income bracket.

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Personal income tax in South Africa varies based on income brackets. For the 2023/2024 tax year, the rates range from 18% for incomes up to ZAR 237,100 to 45% for incomes above ZAR 1,731,601. Additional contributions such as a medical levy may apply.

FAQs & Answers

  1. What is the lowest personal income tax rate in South Africa for 2023/2024? The lowest personal income tax rate is 18% for incomes up to ZAR 237,100.
  2. What income level is taxed at the highest personal income tax rate in South Africa? Incomes above ZAR 1,731,601 are subject to the highest tax rate of 45%.
  3. Are there any additional charges apart from personal income tax in South Africa? Yes, additional contributions such as a medical levy may apply depending on your circumstances.