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A major change to the residence-based tax system was implemented with the 2019/20 budget. Previously the standard for the residence basis of taxation was 181 days, i.e. if a taxpayer was not present in South Africa for 181 days in any 12-month period they would not be considered resident in South Africa for tax purposes.
Private cars registered after July 2008 are taxed at the tax rates based on the vehicle's carbon dioxide emissions. The tax bands for CO 2 emissions range from €120 pa for 0-80 g/km to €2,350 pa for >225 g/km. Commercial vehicle tax is based on GVW, regardless of engine size or CO 2 emissions, and range from €333 to €900 pa.
Financial years are designated by the calendar year of the second half of the period. For example, financial year 2025 is the 12-month period ending on 30 June 2025 and can be referred to as FY2024/25. It is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. [9]
Single 12 month payment Single 12 month payment by Direct Debit Total of 12 monthly instalments by Direct Debit Single 6 month payment 6 months by Direct Debit Not over 150 £22 £22 £23.10 N/A N/A 151-400 £47 £47 £49.35 N/A N/A 401-600 £73 £73 £76.65 £40.15 £38.33 Over 600 £101 £101 £106.05 £55.55 £53.03
6 January – A truck crashes into a minibus and another vehicle on Van Reenen's Pass in KwaZulu-Natal, killing 18 people and seriously injuring an infant. [1]15 January – At least 78 miners are confirmed dead and 246 others are rescued following the end of protracted rescue efforts at the closed Buffelsfontein mine in North West Province that began in July 2024.
The individual tax rates will remain 10%, 12%, 22%, 24%, 32%, 35% and 37%, as set by the 2017 TCJA. The upshot: You'll have to earn more income next year to reach each higher band of taxation.
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
2024–25 South-West Indian Ocean cyclone season; 2025–26 South-West Indian Ocean cyclone season; Southern African Development Community; 2025 in South Africa; 2020s; 2020s in political history; Common Market for Eastern and Southern Africa; Southern African Development Community