Page 7 - Nexia Cape Town 2018 TG Digital

NATURAL PERSON TAX RATES: 28 FEBRUARY 2017

TAXABLE INCOME RATES OF TAX
R0 – R188 000 + 18% of each R1
R188 001 – R293 600 R33 840 + 26% of the amount above R188 000
R293 601 – R406 400 R61 296 + 31% of the amount above R293 600
R406 401 – R550 100 R96 264 + 36% of the amount above R406 400
R550 101 – R701 300 R147 996 + 39% of the amount above R550 100
R701 301 and above R206 964 + 41% of the amount above R701 300

Rebates: Natural persons 2017 2018 2019
Primary R13 500 R13 635 R14 067
Secondary (Persons 65 and older) R7 407 R7 479 R7 713
Tertiary (Persons 75 and older) R2 466 R2 493 R2 574

Thresholds: Natural persons 2017 2018 2019
Below age 65 R75 000 R75 750 R78 150
Age 65 to below 75 R116 150 R117 300 R121 000
Age 75 and over R129 850 R131 150 R135 300

Interest Exemption: 2017 2018 2019
Natural persons
Below age 65 R23 800 R23 800 R23 800
Age 65 and above R34 500 R34 500 R34 500

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