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Budget 2025: Your Tax Tables and Tax Calculator

  • Schutte & Vennote
  • Mar 28
  • 1 min read

Budget 2025, if adopted by Parliament,  will effectively bring about an increase in personal income tax by not adjusting the tables for tax rates, rebates and credits, while also implementing substantial increases in ‘sin’ taxes and introducing a 0.5% VAT increase on 1 May 2025 and another 0.5% increase effective 1 April 2026.  


This selection of official SARS Tax Tables and other useful resources will help clarify your tax position for the new tax year. 


Individual taxpayers: Tax tables unchanged since 2023

Source: SARS

Source: SARS

Source: SARS


Sin taxes raised

Source: Adapted from Budget 2025 People’s Guide


Businesses: Corporate tax rates unchanged

Source: Adapted from SARS Budget Tax Guide 2025


Proposed VAT increases

Source: Adapted from Budget 2025 People’s Guide


Transfer duty: 10% upward adjustment from 1 April


How much will you be paying in income, petrol and sin taxes?

Use Fin 24’s four-step Budget Calculator here to find out the monthly and annual impact on your income tax, as well as what you will be paying in fuel and sin taxes.


Bear in mind, however, that the best way to fully understand the impact of the proposals in Budget 2025 on you and your business is to reach out to us for professional advice.

 

Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for specific and detailed advice.

© AccountingDotNews

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