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2014 Tax Tables

✔ 2014 Tax Rates, Thresholds and Allowance for Individuals, Companies, Trusts and Small Business Corporations (SBC) in South Africa

You are viewing the income tax rates, thresholds and allowances for the 2014 Tax Year in South Africa. If you are looking for an alternative tax year, please select one below.

2011 - 2012 Tax Tables 2012 - 2013 Tax Tables 2014 - 2015 Tax Tables 2015 - 2016 Tax Tables

The following tax rates, thresholds and allowances are valid for the 2013 - 2014 Tax Year in South Africa which is known as the 2014 Tax Year. The Tax Year runs from 1 March 2013 - 28 February 2014

Rates for Individuals

South Africa 2014 Tax Tables for Individuals
Taxable Income (R)Percentage rate of tax due within the threshold
R0.00 - R165,600.0018% of income within the threshold
R165,600.00 - R258,750.0025% of income within the threshold + R29,808.00
R258,750.00 - R358,110.0030% of income within the threshold + R53,096.00
R358,110.00 - R500,940.0035% of income within the threshold + R82,904.00
R500,940.00 - R638,600.0038% of income within the threshold + R132,894.00
R638,600.00 - R0.0040% of income within the threshold + R185,205.00
South Africa 2014 Tax Tables for Individuals
R0.00Tax Free Threshold Under 65
R0.00Tax Free Threshold Over 65
R0.00Tax Free Threshold Over 75
R0.00Tax Rebate Under 65
R0.00Tax Rebate Over 65
R0.00Tax Rebate Over 75

Medical Tax Credit Rates

Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts

South Africa 2014 Tax Tables for Medical Tax Credit Rates
R0.00
R2,760.00Medical Tax Credit for the taxpayer who paid the medical scheme contributions
R2,760.00Medical Tax Credit for the first dependant
R1,848.00Medical Tax Credit for each additional dependant(s)
7.5%Medical Tax, percentage of deductible earning

Companies, Trusts and Small Business Corporations (SBC)

South Africa 2014 Tax Tables for Companies, Trusts and Small Business Corporations (SBC)
28%Company with financial years ending 1 April 2013 - 31 March 2014
28%Personal service provider companies
33%Foreign resident companies which earn income from a source in South Africa
40%Trusts (other than special trusts) assessment year ending 1 March 2013 - 31 Febuary 2014
South Africa 2014 Tax Tables for Small Business Corporations (SBC)
Taxable Income (R)Percentage rate of tax due within the threshold
R0.00 - R67,111.000% of income within the threshold
R67,111.00 - R365,000.007% of income within the threshold + R0.00
R365,000.00 - R550,000.0021% of income within the threshold + R20,852.00
R550,000.00 - R0.0028% of income within the threshold + R59,702.00

Medical Tax Credit Rates

Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts

South Africa 2014 Tax Tables for Medical Tax Credit Rates
R0.00
R2,760.00Medical Tax Credit for the taxpayer who paid the medical scheme contributions
R2,760.00Medical Tax Credit for the first dependant
R1,848.00Medical Tax Credit for each additional dependant(s)
7.5%Medical Tax, percentage of deductible earning

Interest and Dividends

South Africa 2014 Tax Tables for Interest and Dividends
R23,800.00Interest Exemptions threshoold for an individual younger than 65
R34,500.00Interest Exemptions threshoold for an individual 65 and older
15%Final Withholding tax charged on interest from a South African source payable to non-residents
R20.00Dividends Tax
R20.00Foreign Dividends
R20.00Foreign Dividends received by individuals from foreign companies (shareholding of less than 10% in the foreign company)

Capital Gains Tax (CGT)

South Africa 2014 Tax Tables for Capital Gains Tax (CGT)
13.32%Capital Gains Tax for Individuals and Special Trusts
18.65%Capital Gains Tax for Companies
26.64%Capital Gains Tax for Other Trusts

Retirement Lump Sum Benefits

South Africa 2014 Tax Tables for Retirement Lump Sum Benefits
R0.00
27.5%Pension Contributions: Maximum Income contribution
R350,000.00Pension Contributions: Maximum Annual contribution

Withdrawal Benefit

South Africa 2014 Tax Tables for Withdrawal Benefit
Taxable Income (R)Percentage rate of tax due within the threshold
R0.00 - R22,500.000% of income within the threshold
R22,500.00 - R600,000.0018% of income within the threshold + R0.00
R600,000.00 - R900,000.0027% of income within the threshold + R103,950.00
R900,000.00 - R0.0036% of income within the threshold + R184,950.00

Retirement & Death Benefits or Severance Benefits

South Africa 2014 Tax Tables for Retirement & Death Benefits or Severance Benefits
Taxable Income (R)Percentage rate of tax due within the threshold
R0.00 - R315,000.000% of income within the threshold
R315,000.00 - R630,000.0018% of income within the threshold + R0.00
R630,000.00 - R945,000.0027% of income within the threshold + R56,700.00
R945,000.00 - R0.0036% of income within the threshold + R141,750.00

Income Tax Tables are used to calculated individual salaries, apply tax deductions and tax credits to produce a net take home pay (your income after deductions). Below is an example salary after tax deductions based on the 2013 - 2014 tax tables.

R128,000.00 Salary Income Tax Calculation and Salary Example

R128,000.00 Income Tax Calculations for 2014
Yearly%1Salary/Tax Component
R128,000.00100.00%Employment Income
R128,000.00100.00%Gross Income
R35,200.0027.50%Retirement Funds
R128,000.00100.00%Taxable Income
R23,040.0018.00%Income Tax Due
R23,040.0018.00%Total Deductions
R104,960.0082.00%Net Pay
R1,280.001.00%Employer Contribution to Risk Benefits
R1,920.001.50%Employer Contribution to Retirement Funds
R131,200.00102.50%Salary Package [Cost of Employee]

1 Percentage expressed in relation to Gross Income [R128,000.00].

If you have not encountered tax table information before or if you are unsure of how tax tables affect your income we recommend you read our guide: What are Tax Tables? Tax Tables explained.