Click here for the 2016/2017 tax pocket guide
http://www.treasury.gov.za/documents/national%20budget/2016/sars/Budget%20PocketGuide%202016-17.pdf
Corporate tax rate:
Remains 28%
Personal Income Tax
Rate unchanged, but tax tables updated
Capital Gains Tax:
Individuals: 33.3% to 40%
Companies: 66.6% to 80%
Companies: 66.6% to 80%
VAT rate
Unchanged
Retirement reform
Provident fund annuitisation postponed
Fuel Levy
Raised by 30.5 c/litre
Sin Taxes
Increase between 6.7% – 8.5% in duties on alcohol and tobacco products.
Sugar tax to be introduced on 1 April 2017.
