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Frequently Asked Questions

What are the limits on capital gains tax in South Africa?

These limits are either R350 000, or 27.5% of the person’s remuneration for the year, or 27.5% of the person’s taxable income before this deduction or a donations deduction, or a person’s taxable income before this deduction and a taxable capital gain inclusion.

Can you add the tax tables for 2021 to the tax calculator?

Unfortunately we do not have the Tax Tables for 2021 entered into our Tax Calculator yet. If you have details on these tax tables and would like them added to the Africa Income Tax Calculator, please send a link or the details for the 2020 - 2021 Tax Year to us and we will add them to the South Africa Income Tax Calculator.

Are pension contributions tax deductible in South Africa?

Contributions to a pension, provident, or retirement annuity fund are deductible (subject to certain maximum limits), provided that such funds are registered in South Africa. There are no other standard deductions from income for natural persons.

What is the medical tax credit for 2021?

A medical tax credit is available in respect of medical scheme contributions for taxpayers under the age of 65. This rebate replaced the deduction that was previously available. For the tax year commencing on 1 March 2021, the monthly rebates for medical scheme contributions are as follows: Taxpayer: ZAR 332. First dependant: ZAR 332.


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