South Africa Tax Agency Issues Updated Guide on Various Tax Rates, Duties, Levies

The South African Revenue Service Aug. 29 issued an updated guide on various tax rates, duties, and levies. Topics covered include: 1) corporate income tax calculation procedures for corporations, including for small businesses, micro businesses, long-term and short-term insurers, and mining, oil, and gas companies; 2) tax rates, including for corporate income tax, individual income tax, capital gains tax (CGT), VAT, securities transfer tax (STT), and the environmental levy on carbon emissions; 3) withholding rates on royalties and interest; and 4) contribution rates for unemployment insurance fund (UIF) contributions. [South Africa, South African Revenue Service, 08/29/24]

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