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Income Tax: Individuals and Trusts (2024/25) Taxable Income Rate of Tax 0 – R237 100: 18% of taxable income R237 101 – R370 500: R42 678 + 26% of taxable income above R237 100 R370 501 – R512 800: R77 362 + 31% of taxable income above R370 500 R512 801 – R673 000: R121 475 + 36% of taxable income above R512 800 R673 001 – R857 900
Effectively, SARS manages, administers, and implements the tax regime as designed by the Minister and National Treasury. SARS was established in 1997 by a merger of the customs and inland revenue departments, at the recommendation of the Katz Commission, which had been instituted to review the South African tax system for the post-apartheid era.
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
In terms of the Tax Administration Act 28 of 2011, South African Revenue Service (SARS) will only register members of approved professional bodies as tax practitioners. Only registered tax practitioners may provide advice with respect to the application of a tax law, and complete or assists in completing a return for another person or company.
However, the estate tax exclusion — the amount of your estate that’s shielded from federal taxes — will climb to $13.99 million in 2025, up from $13.61 million in 2024.
In 2024, the wage cap was $168,600. But in 2025, it's increasing to $176,100. This means that if you're a higher earner, you should gear up to pay Social Security taxes on an additional $7,500 of ...