Each year, we post the latest SARS tax tables for your reference.
This year we have also included a useful comparative tax rate table to allow you to compare the changes between 2014/2015 and the previous two tax years.
SARS tax tables for the period 1 MAR 2014 to 28 FEB 2015
| Taxable Income | Rates of Tax |
|---|---|
| 0 – 174 550 | 18% of taxable income |
| 174 551 – 272 700 | 31 419 + 25% of taxable income above 174 550 |
| 272 701 – 377 450 | 55 957 + 30% of taxable income above 272 700 |
| 377 451 – 528 000 | 87 382 + 35% of taxable income above 377 450 |
| 528 001 – 673 100 | 140 074 + 38% of taxable income above 528 000 |
| 673 101 and above | 195 212 + 40% of taxable income above 673 100 |
Tax Rebates
| Rebate | |
|---|---|
| Primary | R12 726 |
| Secondary (Persons 65 and older) | R7 110 |
| Tertiary (Persons 75 and older) | R2 367 |
Tax Thresholds
| Age | Tax Threshold |
|---|---|
| Below age 65 | R70 700 |
| Age 65 to 75 | R110 200 |
| Age 75 and over | R123 350 |
Comparative Tax Rates
| Rates of Tax | 2013 | 2014 | 2015 |
|---|---|---|---|
| NATURAL PERSONS | |||
| Maximum marginal rate | 40% | 40% | 40% |
| • Reached at a taxable income | 617 000 | 638 600 | 673 100 |
| Minimum rate | 18% | 18% | 18% |
| • Up to taxable income of | 160 000 | 165 500 | 174 550 |
| • CGT inclusion rate | 33.3% | 33.3% | 33.3% |
| COMPANIES AND CC’s | |||
| • Normal tax rate | 28% | 28% | 28% |
| • Dividends Tax | 15% | 15% | 15% |
| • CGT inclusion rate | 66% | 66% | 66% |
| TRUSTS (other than special trusts) | |||
| • Flat rate | 40% | 40% | 40% |
| • CGT inclusion rate | 66.6% | 66.6% | 66.6% |
| SUNDRY | |||
| • Donations Tax | 20% | 20% | 20% |
| • Estate Duty | 20% | 20% | 20% |
| SMALL BUSINESS CORPORATIONS | |||
| Maximum marginal rate | 28% | 28% | 28% |
| • Reached at a taxable income | 350 000 | 550 000 | 550 000 |
| Minimum rate | 0% | 0% | 0% |
| • Up to taxable income of | 63 556 | 67 111 | 70 700 |
| MICRO BUSINESS | |||
| Max Rate of Tax | 6% | 6% | 6% |
| • On Turnover of | 750 000 | 750 000 | 750 000 |
| Minimum Rate | 0% | 0% | 0% |
| • Up to taxable income of | 150 000 | 150 000 | 150 000 |
Looking for earlier tax tables?
If you are looking for the tax tables from a previous tax year, use the links below:
2013/2014 tax tables
2012/2013 tax tables
Download our handy tax guide
Would you like all of this information plus lots more in an easy to use, PDF guide? Look no further, the Dirmeik Consulting PDF guide is available to download here at no cost.
Need tax help?
If all of this is a bit confusing and you require assistance calculating and completing your tax return, call Brett at Dirmeik Consulting on 021 421 4444.
Dirmeik Consulting is a Cape Town based accounting firm with offices in Century City. While our physical location is in Cape Town, we service individuals and business clients both nationally and internationally.
