Budget Speech 2016-2017 and new tax tables

Feb 24 2016
South African Budget 2016 - 2017

The 2016-2017 South African Budget Speech was presented by the Minister of Finance, Pravin Gordhan on Wednesday, 24 February 2016.

Below are the 2016 South African tax tables, as released on 24 February 2016. Download the 2016 Tax Pocket Guide at the bottom of the page.

Individuals and special trusts

Taxable Income Rate of Tax (R)
0 - 188 000 18% of taxable income
188 001 – 293 600 33 840 + 26% of taxable income above 188 000
293 601 – 406 400 61 296 + 31% of taxable income above 293 600
406 401 – 550 100 96 264 + 36% of taxable income above 406 400
550 101 – 701 300 147 996 + 39% of taxable income above 550 100
701 301 and above 206 964 + 41% of taxable income above 701 300

Tax Rebates

Rebate  
Primary R13 500
Secondary (Persons 65 and older) R7 407
Tertiary (Persons 75 and older) R 2 466

Tax Thresholds

Age Tax Threshold
Below age 65 R75 000
Age 65 to 75 R116 150
Age 75 and over R129 850