Using the OECD’s latest comparative tax tables for 2021, South Africa’s average tax rate comes in on the lower end compared to partner nations – with the OECD average sitting at 24.5%.

Section 9(2)(i) of the Income Tax Act deems these amounts to be from a South African source, meaning they remain within South Africa’s taxing jurisdiction even if the individual is no longer a ...

CAPE TOWN, May 21 (Xinhua) -- South African Finance Minister Enoch Godongwana re-tabled the 2025 Budget before the parliament on Wednesday, excluding the contentious value-added tax (VAT) increase ...

Previously, individuals ceasing tax residency in South Africa (i.e., undergoing a residency cessation / financial emigration process) could withdraw their retirement funds, in full, upon the ...

South Africa's tax service said on Friday that 21.4 billion rand ($1.2 billion) had been paid out in the six weeks since a reform took effect allowing people to make partial withdrawals from their ...

JOHANNESBURG — The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity government after a pushback from various political parties.

South Africa’s National Treasury will scrap a proposed tax increase that threatened to rupture the nation’s coalition government. The rand rallied. A bill will be introduced in parliament ...