Unlike the United States, South Africa doesn't generally tax recreational gambling winnings. You may be required to report large winnings to the South African Revenue Service, but your windfall won't be subject to capital gains taxes. This is merely a rule of thumb that applies to recreational players.
Gambling outlook: 2016–2020. Fifth annual edition. PwC’s team of gambling specialists provide an unbiased overview of how the gambling industry in. South Africa is expected to develop over the coming years. The publication focuses on the following. As such, you can continue playing at South Africa's top 2020 online casinos with no worrying needed. Should you hit the jackpot or rake in any winnings, no tax on online gambling will need to be paid. What you win is what you keep, and every cent of it will go straight into your casino account. Tax and gambling online. The Covid-19 pandemic has had a profound impact on the digital landscape around the world. The mobile industry in Sub-Saharan Africa has largely risen to the challenge of keeping individuals and businesses connected during the pandemic, despite changes in data consumption patterns.
✔ 2020 Tax Rates, Thresholds and Allowance for Individuals, Companies, Trusts and Small Business Corporations (SBC) in South Africa
You are viewing the income tax rates, thresholds and allowances for the 2020 Tax Year in South Africa. If you are looking for an alternative tax year, please select one below.
The following tax rates, thresholds and allowances are valid for the 2019 - 2020 Tax Year in South Africa which is known as the 2020 Tax Year. The Tax Year runs from 1 March 2019 - 28 February 2020
Rates for Individuals
South Africa 2020 Tax Tables for Individuals| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R195,850.00 | 18% of income within the threshold |
| R195,850.00 - R305,850.00 | 26% of income within the threshold + R35,253.00 |
| R305,850.00 - R423,300.00 | 31% of income within the threshold + R63,853.00 |
| R423,300.00 - R555,600.00 | 36% of income within the threshold + R100,263.00 |
| R555,600.00 - R708,310.00 | 39% of income within the threshold + R147,891.00 |
| R708,310.00 - R1,500,000.00 | 41% of income within the threshold + R207,448.00 |
South Africa 2020 Tax Tables for Individuals| R79,000.00 | Tax Free Threshold Under 65 |
| R122,300.00 | Tax Free Threshold Over 65 |
| R136,750.00 | Tax Free Threshold Over 75 |
| R14,220.00 | Tax Rebate Under 65 |
| R7,794.00 | Tax Rebate Over 65 |
| R2,601.00 | Tax Rebate Over 75 |
Medical Tax Credit Rates
Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts
South Africa 2020 Tax Tables for Medical Tax Credit Rates| R3,720.00 | Medical Tax Credit for the taxpayer who paid the medical scheme contributions |
| R3,720.00 | Medical Tax Credit for the first dependant |
| R2,508.00 | Medical Tax Credit for each additional dependant(s) |
| 7.5% | Medical Tax, percentage of deductible earning |
Companies, Trusts and Small Business Corporations (SBC)
South Africa 2020 Tax Tables for Companies, Trusts and Small Business Corporations (SBC)| % | Company with financial years ending 1 April 2019 - 31 March 2020 |
| % | Personal service provider companies |
| % | Foreign resident companies which earn income from a source in South Africa |
| % | Trusts (other than special trusts) assessment year ending 1 March 2019 - 31 Febuary 2020 |
South Africa 2020 Tax Tables for Small Business Corporations (SBC)| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Medical Tax Credit Rates
Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts
South Africa 2020 Tax Tables for Medical Tax Credit Rates| R3,720.00 | Medical Tax Credit for the taxpayer who paid the medical scheme contributions |
| R3,720.00 | Medical Tax Credit for the first dependant |
| R2,508.00 | Medical Tax Credit for each additional dependant(s) |
| 7.5% | Medical Tax, percentage of deductible earning |
Interest and Dividends
South Africa 2020 Tax Tables for Interest and Dividends| R0.00 | Interest Exemptions threshoold for an individual younger than 65 |
| R0.00 | Interest Exemptions threshoold for an individual 65 and older |
| % | Final Withholding tax charged on interest from a South African source payable to non-residents |
| R0.00 | Dividends Tax |
| R0.00 | Foreign Dividends |
| R0.00 | Foreign Dividends received by individuals from foreign companies (shareholding of less than 10% in the foreign company) |
Capital Gains Tax (CGT)
South Africa 2020 Tax Tables for Capital Gains Tax (CGT)| % | Capital Gains Tax for Individuals and Special Trusts |
| % | Capital Gains Tax for Companies |
| % | Capital Gains Tax for Other Trusts |
Retirement Lump Sum Benefits
South Africa 2020 Tax Tables for Retirement Lump Sum Benefits| 27.5% | Pension Contributions: Maximum Income contribution |
| R350,000.00 | Pension Contributions: Maximum Annual contribution |
Withdrawal Benefit
South Africa 2020 Tax Tables for Withdrawal Benefit| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Retirement & Death Benefits or Severance Benefits
South Africa 2020 Tax Tables for Retirement & Death Benefits or Severance Benefits| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Income Tax Tables are used to calculated individual salaries, apply tax deductions and tax credits to produce a net take home pay (your income after deductions). Below is an example salary after tax deductions based on the 2019 - 2020 tax tables.
R309,300.00 Salary Income Tax Calculation and Salary Example
R309,300.00 Income Tax Calculations for 2020| Yearly | %1 | Salary/Tax Component |
|---|
| R309,300.00 | 100.00% | Employment Income |
| R309,300.00 | 100.00% | Gross Income |
| R85,057.50 | 27.50% | Retirement Funds |
| R309,300.00 | 100.00% | Taxable Income |
| R14,220.00 | 4.60% | Tax Rebate |
| R50,530.00 | 16.34% | Income Tax Due |
| R50,530.00 | 16.34% | Total Deductions |
| R258,770.00 | 83.66% | Net Pay |
| R3,093.00 | 1.00% | Employer Contribution to Risk Benefits |
| R4,639.50 | 1.50% | Employer Contribution to Retirement Funds |
| R317,032.50 | 102.50% | Salary Package [Cost of Employee] |
1 Percentage expressed in relation to Gross Income [R309,300.00].
If you have not encountered tax table information before or if you are unsure of how tax tables affect your income we recommend you read our guide: What are Tax Tables? Tax Tables explained.
✔ 2020 Tax Rates, Thresholds and Allowance for Individuals, Companies, Trusts and Small Business Corporations (SBC) in South Africa
You are viewing the income tax rates, thresholds and allowances for the 2020 Tax Year in South Africa. If you are looking for an alternative tax year, please select one below.
The following tax rates, thresholds and allowances are valid for the 2019 - 2020 Tax Year in South Africa which is known as the 2020 Tax Year. The Tax Year runs from 1 March 2019 - 28 February 2020
Rates for Individuals
South Africa 2020 Tax Tables for Individuals| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R195,850.00 | 18% of income within the threshold |
| R195,850.00 - R305,850.00 | 26% of income within the threshold + R35,253.00 |
| R305,850.00 - R423,300.00 | 31% of income within the threshold + R63,853.00 |
| R423,300.00 - R555,600.00 | 36% of income within the threshold + R100,263.00 |
| R555,600.00 - R708,310.00 | 39% of income within the threshold + R147,891.00 |
| R708,310.00 - R1,500,000.00 | 41% of income within the threshold + R207,448.00 |
South Africa 2020 Tax Tables for Individuals| R79,000.00 | Tax Free Threshold Under 65 |
| R122,300.00 | Tax Free Threshold Over 65 |
| R136,750.00 | Tax Free Threshold Over 75 |
| R14,220.00 | Tax Rebate Under 65 |
| R7,794.00 | Tax Rebate Over 65 |
| R2,601.00 | Tax Rebate Over 75 |
Medical Tax Credit Rates
Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts
South Africa 2020 Tax Tables for Medical Tax Credit Rates| R3,720.00 | Medical Tax Credit for the taxpayer who paid the medical scheme contributions |
| R3,720.00 | Medical Tax Credit for the first dependant |
| R2,508.00 | Medical Tax Credit for each additional dependant(s) |
| 7.5% | Medical Tax, percentage of deductible earning |
Companies, Trusts and Small Business Corporations (SBC)
South Africa 2020 Tax Tables for Companies, Trusts and Small Business Corporations (SBC)| % | Company with financial years ending 1 April 2019 - 31 March 2020 |
| % | Personal service provider companies |
| % | Foreign resident companies which earn income from a source in South Africa |
| % | Trusts (other than special trusts) assessment year ending 1 March 2019 - 31 Febuary 2020 |
South Africa 2020 Tax Tables for Small Business Corporations (SBC)| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Medical Tax Credit Rates
Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts
South Africa 2020 Tax Tables for Medical Tax Credit Rates| R3,720.00 | Medical Tax Credit for the taxpayer who paid the medical scheme contributions |
| R3,720.00 | Medical Tax Credit for the first dependant |
| R2,508.00 | Medical Tax Credit for each additional dependant(s) |
| 7.5% | Medical Tax, percentage of deductible earning |
Interest and Dividends
South Africa 2020 Tax Tables for Interest and Dividends| R0.00 | Interest Exemptions threshoold for an individual younger than 65 |
| R0.00 | Interest Exemptions threshoold for an individual 65 and older |
| % | Final Withholding tax charged on interest from a South African source payable to non-residents |
| R0.00 | Dividends Tax |
| R0.00 | Foreign Dividends |
| R0.00 | Foreign Dividends received by individuals from foreign companies (shareholding of less than 10% in the foreign company) |
Capital Gains Tax (CGT)
South Africa 2020 Tax Tables for Capital Gains Tax (CGT)| % | Capital Gains Tax for Individuals and Special Trusts |
| % | Capital Gains Tax for Companies |
| % | Capital Gains Tax for Other Trusts |
Retirement Lump Sum Benefits
Gambling Tax South Africa 2020 New Music
South Africa 2020 Tax Tables for Retirement Lump Sum Benefits| 27.5% | Pension Contributions: Maximum Income contribution |
| R350,000.00 | Pension Contributions: Maximum Annual contribution |
Withdrawal Benefit
South Africa 2020 Tax Tables for Withdrawal Benefit| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Retirement & Death Benefits or Severance Benefits
South Africa 2020 Tax Tables for Retirement & Death Benefits or Severance Benefits| Taxable Income (R) | Percentage rate of tax due within the threshold |
|---|
| R0.00 - R0.00 | % of income within the threshold |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
| R0.00 - R0.00 | % of income within the threshold + R0.00 |
Income Tax South Africa
Income Tax Tables are used to calculated individual salaries, apply tax deductions and tax credits to produce a net take home pay (your income after deductions). Below is an example salary after tax deductions based on the 2019 - 2020 tax tables.
R321,400.00 Salary Income Tax Calculation and Salary Example
R321,400.00 Income Tax Calculations for 2020| Yearly | %1 | Salary/Tax Component |
|---|
| R321,400.00 | 100.00% | Employment Income |
| R321,400.00 | 100.00% | Gross Income |
| R88,385.00 | 27.50% | Retirement Funds |
| R321,400.00 | 100.00% | Taxable Income |
| R14,220.00 | 4.42% | Tax Rebate |
| R53,676.00 | 16.70% | Income Tax Due |
| R53,676.00 | 16.70% | Total Deductions |
| R267,724.00 | 83.30% | Net Pay |
| R3,214.00 | 1.00% | Employer Contribution to Risk Benefits |
| R4,821.00 | 1.50% | Employer Contribution to Retirement Funds |
| R329,435.00 | 102.50% | Salary Package [Cost of Employee] |
1 Percentage expressed in relation to Gross Income [R321,400.00].
Gambling Tax South Africa 2020 Results
If you have not encountered tax table information before or if you are unsure of how tax tables affect your income we recommend you read our guide: What are Tax Tables? Tax Tables explained.