SARS Tax Table for 2024/25 Unchanged

SARS Tax Table for 2024/25 Unchanged

Finance Minister Enoch Godongwana has declared that there will be no inflation adjustments to the personal income tax tables, rebates, and medical tax credits utilized by the South African Revenue Service (SARS) for the 2024/25 financial year. This announcement, made during his annual budget speech in Parliament on February 21, is part of tax measures aimed at generating R15 billion to ease immediate fiscal pressure and support faster debt stabilization.

As a consequence of this decision, the SARS tax tables will remain unaltered in 2024. The National Treasury’s Budget Review elaborates that this non-adjustment is anticipated to generate an additional R16.3 billion in revenue. Consequently, the annual tax-free threshold for individuals under the age of 65 will persist at R95,750 from March 1, 2024. Additionally, medical tax credits will remain at R364 per month for the first two members and R246 per month for additional members.

Typically, the government reviews these tables annually to mitigate the impact of inflation on taxpayers. The absence of adjustments this year implies that individuals receiving a salary increase will face higher taxes compared to a scenario where a review had taken place. Some may even find themselves pushed into a higher tax bracket.

In tandem with these measures, the government has implemented above-inflation “sin tax” increases to boost revenue. Another noteworthy measure is the introduction of a global minimum corporate tax rate of at least 15%, expected to generate an additional R8 billion in 2026/27.

For a detailed breakdown of the SARS tax table for the 2024/25 period, please refer to the information provided below:

ARS Tax Table for 2024/25:

Taxable IncomeRates of Tax
R0 ‐ R237 10018% of each R1
R237 101 ‐ R370 500R42 678 + 26% of the amount above R237 100
R370 501 ‐ R512 800R77 362 + 31% of the amount above R370 500
R512 801 ‐ R673 000R121 475 + 36% of the amount above R512 800
R673 001 ‐ R857 900R179 147 + 39% of the amount above R673 000
R857 901 ‐ R1 817 000R251 258 + 41% of the amount above R857 900
R1 817 001 and aboveR644 489 + 45% of the amount above R1 817 000

Rebate Details:

Rebate TypeAmount
PrimaryR17 235
SecondaryR9 444
TertiaryR3 145

Tax Threshold Details:

Age GroupThreshold
Below age 65R95 750
Age 65 and overR148 217
Age 75 and overR165 689


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