South Africa: Updated Guide on Tax Rates, Duties, and Levies
On August 29, the South African Revenue Service released an updated guide covering various tax rates, duties, and levies. The guide includes information on:
Tax Rateson corporate income tax, individual income tax, capital gains tax (CGT), VAT, securities transfer tax (STT), and the environmental levy on carbon emissions.
Corporate Income Tax Calculation: Procedures for corporations, including small businesses, micro-businesses, long-term and short-term insurers, as well as mining, oil, and gas companies.
Withholding Rates: Information on rates for royalties and interest.
Contribution Rates: Details on unemployment insurance fund (UIF) contributions.
This guide provides updated information for compliance with South African tax regulations.
NOTE: The deadlines provided may not account for time zone differences, early cut-offs or system downtimes. We recommend submitting ahead of the deadlines to avoid any penalties.
VAT/GST rates 2024 in Africa
|
Country |
Standard VAT/GST Rate |
Reduced Rates |
|
Algeria |
The standard sales tax (VAT) rate is 19%. |
A reduced rate of 9% applies to certain industries |
|
Egypt |
The VAT rate is 14% |
5%, 10% |
|
Equatorial Guinea |
The standard VAT rate is 15% |
6% |
|
Ethiopia |
The standard VAT rate is 15% |
|
|
Mauritania |
The standard VAT rate is 16% |
|
|
Mauritius |
The standard VAT rate is 15% |
|
|
Morocco |
The standard VAT rate is 20% |
10% |
|
Nigeria |
The standard VAT rate is 7.5% |
|
|
The standard VAT rate is 15% |
||
|
Tanzania |
The standard VAT rate is 18% |
|
|
Tunisia |
The standard VAT rate is 19% |
7%, 13% |
|
Uganda |
The standard VAT rate is 18% |
*These rates are only indicative. Please use at your own discretion. Last update: 27/08/2024
Source: South African Revenue Service
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