The South African Reserve Bank (SARB) has published an updated edition of the Tax Chronology of South Africa, an online-only reference that consolidates current and historical rates for taxes, duties and levies collected by the South African Revenue Service (SARS) over 1979–2026. The supplement brings together time series and policy parameters across major tax headings including personal and corporate income taxes, value-added tax, excise duties and fuel levies, as well as exchange control developments. It also captures selected measures referenced to the 2026 Budget, including personal income tax bracket and rebate inflation adjustments for 2026/27, higher medical tax credits from 1 March 2026, an increase in the annual tax-free savings account contribution limit to ZAR 46,000 from 1 March 2026, higher VAT registration thresholds effective from 1 April 2026, and updated exchange control limits such as a higher single discretionary allowance. On capital flows management, the chronology records that National Treasury plans to publish updated draft regulations for public comment to enable implementation of the capital flow management framework and, later, a crypto assets framework for cross-border activities, alongside SARB operational reforms intended to reduce administrative burden.
South African Reserve Bank 2026-03-31
South African Reserve Bank publishes updated Tax Chronology covering 1979–2026 tax rates duties and levies
The South African Reserve Bank has released an updated online-only Tax Chronology of South Africa covering tax, duty and levy rates and related policy parameters over 1979–2026. The supplement consolidates time series across major tax headings and reflects selected 2026 Budget measures, including adjustments to personal income tax brackets and rebates, medical tax credits, tax-free savings limits, VAT registration thresholds and exchange control limits. It also notes plans to publish draft regulations to implement the capital flow management framework and a future crypto assets framework for cross-border activities, alongside Reserve Bank operational reforms to reduce administrative burden.