Page 5 - Nexia Cape Town 2018 TG Digital

COMPARATIVE TAX RATES

CATEGORY 2017 2018 2019
NATURAL PERSONS
Maximum marginal rate 41% 45% 45%
■ Reached at a taxable income 701 300 1 500 000 1 500 000
Minimum rate 18% 18% 18%
■ Up to taxable income of 188 000 189 880 195 850
■ CGT inclusion rate 40% 40% 40%
COMPANIES & CC’s
■ Normal tax rate 28% 28% 28%
■ Dividends Tax 15% 20% 20%
■ CGT inclusion rate 80% 80% 80%
TRUSTS (other than special trusts)
■ Flat rate 41% 45% 45%
■ CGT inclusion rate 80% 80% 80%
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 550 000 550 000 550 000
Minimum rate 0% 0% 0%
■ Up to a taxable income of 75 000 75 750 78 150
MICRO BUSINESS
Max Rate of Tax 3% 3% 3%
■ On turnover of 750 000 750 000 750 000
Minimum Rate 0% 0% 0%
■ Up to a turnover of 335 000 335 000 335 000
* Estates and consequently donations in excess of R30m will be taxed at 25%
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