The South African Reserve Bank has released the March 2025 edition of its Tax Chronology of South Africa, an online reference publication that consolidates current and historical rates for taxes, duties and levies collected by the South African Revenue Service from 1979 through 2025. The supplement compiles rate histories and policy milestones across major categories, including personal and corporate income taxes, value-added tax, excise duties and fuel levies, and selected exchange control reforms. It also sets out selected latest parameters captured in the chronology, including personal income tax brackets shown as unchanged between 2024/25 and 2025/26, the corporate income tax rate shown at 27% for tax years ending on or after 31 March 2023, dividends withholding tax shown at 20% for Budget Reviews 2017–2025, and VAT shown increasing from 15% to 15.5% effective 1 May 2025.
South African Reserve Bank 2025-03-01
South African Reserve Bank publishes updated Tax Chronology compiling South African tax rates and levies from 1979 to 2025
The South African Reserve Bank has published the March 2025 edition of its Tax Chronology of South Africa, detailing tax rates and policy milestones from 1979 to 2025. Key updates include unchanged personal income tax brackets for 2024/25 and 2025/26, a corporate income tax rate of 27% for tax years ending on or after 31 March 2023, a dividends withholding tax of 20% for Budget Reviews 2017–2025, and a VAT increase from 15% to 15.5% effective 1 May 2025.