Sud-àfrica flag Sud-àfrica: Entorn econòmic

Impostos a Sud-àfrica

Tax Rates

Consumption Taxes

Nature of the Tax
VAT = Valued Added Tax (BTW = Belasting over de Toegevoegde Waarde in Afrikaans).
Tax Rate
15%
Reduced Tax Rate
Certain supplies are zero-rated, including exports, basic foodstuffs, agricultural goods, the sale of an enterprise as a going concern, the supply of intellectual property to be used outside South Africa and the supply of gold coins issued by the Central Bank, certain financial services, and certain supplies by welfare organisations.
Other Consumption Taxes
Other indirect taxes include: custom duties (on certain luxury items); anti-dumping and countervailing duties; excise duties on tobacco, alcoholic beverages, fuel and petroleum products; and excise levies on fuel, road accidents, electricity, sugar and tyres.
A transfer duty is levied at progressive rates up to 13% on the acquisition of an immovable property, provided that the transaction is not subject to VAT.
Donations are taxed at a rate of 20% (if the value of the property does not exceed ZAR 30 million) or 25% (value above ZAR 30 million), with an annual exemption of ZAR 10,000 available for companies (public companies are exempt from the tax).

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Corporate Taxes

Company Tax
28% (to be reduced to 27% with effect for tax years ending on or after 31 March 2023)
Tax Rate For Foreign Companies
South African resident companies are taxed on worldwide income, while non-resident companies are taxed on locally-sourced income only, as well as on capital gains arising from the disposal of immovable property and assets of a permanent establishment in the country.
Capital Gains Taxation
Only 80% of capital gains is included in taxable income and taxed at the normal income tax rate (thus the resulting effective tax rate stands at 22.4% for tax years ending before 31 March 2023 and 21.6% for tax years ending on or after that date). A resident is liable for the capital tax on assets located both in and outside South Africa, while a non-resident is liable to capital tax only on immovable property in South Africa or assets of a permanent establishment in the country.
Main Allowable Deductions and Tax Credits

In general, expenses incurred for the purposes of income generation are deductible.
The majority of taxes (with the exception of income taxes, donations tax, withholding taxes on interest, and dividends tax) are deductible from a company’s taxable income, provided they qualify for deduction under general rules. Losses may be carried forward indefinitely, as long as an active trade or business of a similar nature is carried on without interruption.
For tax years ending on or after 31 March 2023, companies with assessed losses will be entitled to set off a maximum of 80% of such losses (subject to a minimum of ZAR1 million) against taxable income in a specific year. Loss carrybacks are not allowed.
Special relief is provided for start-up expenditure: when expenses would have been deductible had they been incurred after the commencement of trade, they are ring-fenced and may only be deducted against income from the trade to which the start-up costs relate. In general, interest expenditure incurred in the production of non-exempt income and for the purposes of trade is deductible.
Charitable contributions to certain approved public benefit organisations are tax-deductible (capped at 10% of taxable income).

Foreign tax paid on foreign-source income may be credited against South African tax on the same profits, limited to the amount of South African tax payable on the foreign income.
Tax incentives are also provided for small business corporations, R&D, urban development, infrastructure development, public-private partnership grants, environmental expenditure deductions, energy efficiency savings, companies located in the Special Economic Zones, etc.

Other Corporate Taxes

Micro-businesses with annual turnovers under ZAR 1 million may elect to be taxed under a micro-business tax system instead of the ordinary income tax, provisional tax, capital gains tax and VAT systems (at rates varying between 0% and 3% of turnover). Micro-businesses that qualify for the scheme can voluntarily exit the system at the end of any year of assessment. However, once out of it they will not be permitted to re-enter.
Other special taxes include a 20% withholding tax on payments made to non-residents, individuals, and trusts for services provided, a 15% withholding tax on foreign entertainers and sportspersons, as well as a withholding tax on the acquisition of South African property by a non-resident. A tax on dividends applies to all South African resident companies as well as non-resident companies listed on the JSE at a rate of 20%.

Municipal taxes, a transfer tax on securities (0.25%), environmental taxes, financial transaction taxes, electricity and fuel levies, and donations taxes also apply (20% of the property with a value up to ZAR 30 million, 25% above this threshold; an annual exemption of ZAR 10,000 is available for companies; public companies are exempt from the donations tax). A skills development levy is payable monthly by the employers at the rate of 1% of payroll (companies with an annual payroll of less than ZAR 500,000 are exempt). Employers also contribute to the Unemployment Insurance Fund (1% of the employee’s gross remuneration, capped at ZAR 177.12 monthly) and to the fund for compensation for occupational injuries and diseases (rates vary depending on the sector of activity, salary capped at ZAR 506,473 per year/employee).

Local municipalities levy rates on land based on a percentage of the municipal valuation of land and improvements, which vary from municipality to municipality. Properties zoned for business use are generally taxed at a higher rate.
Transfer duty levied on the sale of immovable property is payable by the person acquiring the property within six months from the date of acquisition. Rates vary between 0% and 13% of the purchase price (the first ZAR 1 million is exempt). Transfers of immovable property subject to VAT are exempt from transfer duty.
Several environmental taxes apply, including a vehicle emissions tax, a fuel levy, a tyre levy and an electricity levy.

Other Domestic Resources
South African Revenue Service
Doing Business Website, Consult the Doing Business website to obtain a summary of taxes and mandatory contributions in South Africa.

Country Comparison For Corporate Taxation

  South Africa Sub-Saharan Africa United States Germany
Number of Payments of Taxes per Year 7.0 36.6 10.6 9.0
Time Taken For Administrative Formalities (Hours) 210.0 284.8 175.0 218.0
Total Share of Taxes (% of Profit) 29.2 47.3 36.6 48.8

Source: Doing Business, Latest available data.

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Individual Taxes

Tax Rate

Individual rax rates (tax year commencing on 1 March 2022 and ending on 28 February 2023)
ZAR 0 to 226,000 18%
ZAR 226,001 to 353,100 40,680 + 26% of taxable income above 226,001
ZAR 353,101 to 488,700 73,726 + 31% of taxable income above 353,101
ZAR 488,701 to 641,400 115,762 + 36% of taxable income above 488,701
ZAR 641,401 to 817,600 170,734 + 39% of taxable income above 641,401
ZAR 817,601 to 1,731,600 239,452 + 41% of taxable income above 817,601
ZAR 1,731,601 and above 614,192  + 45% of taxable income above 1,731,601
Allowable Deductions and Tax Credits
Individual deductions include qualifying contributions to an approved pension, provident, or retirement annuity fund; charitable donations (up to a maximum of 10% of taxable income); and qualifying expenses for travel, motor vehicles and entertainment (limited to the travel allowance or fringe benefit). Deductions for medical expenses are converted to a medical tax rebate.
If an individual carries on a business, the deduction of business expenditure or losses applies on the same basis as to companies.
Please refer to the SARS website for more information.
Special Expatriate Tax Regime
There is no special expatriate tax regime in South Africa. Expatriates are taxed at the same rates as locals, but only on their South African-sourced income.
Non-residents are taxed on all income derived from a South African source or deemed to have a South African source, and on capital gains on the disposal of immovable property situated in the country. The source of income is determined by the location of the originating cause of the income, and not by the location of the payer.

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed
South African Revenue Service
Withholding Taxes
Withholding taxes are: 20% for dividends paid to individuals or foreign companies, 0% if paid to national companies; 0 (resident)-15% (non-resident) for interests; 0 (resident)-15% (non-resident) for royalties.

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© Export Entreprises SA, Tots els drets reservats.
Actualitzacions: September 2022

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