South Africa Tax Agency Posts FAQs on 2026 Budget

The South African Revenue Service March 23 posted online FAQs on Budget 2026 tax changes, for tax year 2026-2027. Topics covered include: 1) the adjustment of individual income tax brackets for inflation, with rates ranging from 18 percent for up to 245,100 South African rand (US$14,504), to 666,339 rand (US$39,433) plus 45 percent of the amount exceeding approximately 1.9 million rand (US$112,438), for income over approximately 1.9 million rand; 2) increases in tax-free individual income tax thresholds, including to 99,000 rand (US$5,859) from 95,750 rand (US$5,666) for individuals under the age of 65; 3) the increase, to 2.3 million rand ...