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Enoch Godongwana

Minister of Finance

21 February 2024

“Honourable Speaker, Nosiviwe Mapisa-Nqakula His Excellency, President Cyril Ramaphosa His Excellency, the Deputy President Paul Mashatile Cabinet Colleagues Members of the Executive Committees for Finance Honourable Members The Governor of the South African Reserve Bank The Commissioner of the South African Revenue Service Fellow South Africans:”

INTRODUCTION

Madam Speaker, according to two prominent economists, Alberto Alesina and Dani Rodrik, “A crude distinction between economics and politics would be that economics is concerned with expanding the pie while politics is about distributing it”. The point, Madam Speaker, is that the size and quality of the national pie is what informs, and ultimately determines, the realisation of our political imperative of redistribution. Our mission over the past 30 years has been to restore both social and economic justice to our nation, and to decisively address the inequality that was the hallmark of systemic discrimination and dispossession. The budgets we have tabled since 1994, have been about securing the goal of growing the economy, so that we can do more to address the inequalities and deprivation that still scar our society and undermine the promise of democracy. So, it is with a great sense of privilege and purpose that I stand before you to present this last budget of the sixth democratic administration. Madam Speaker, I therefore table the following documents before this House:

  • The 2024 Division of Revenue Bill;
  • The 2024 Appropriation Bill;
  • The Estimates of National Expenditure;
  • The 2024 Budget Review;
  • The 2024 Fiscal Framework;
  • The Second Adjustments Appropriation Bill;
  • The Budget Speech; and
  • The Gold and Foreign Exchange Contingency Reserve Account Adjustment Bill 

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SARS Tax Tables

RATES OF TAX FOR INDIVIDUALS

On this page you will see Individuals’ tax table, as well as the Tax Rebates and Tax Thresholds – scroll down. To see tax rates from 2014/5, see the Archive – Tax Rates webpage.

2025 tax year (1 March 2024 – 28 February 2025)

21 February 2024 – No changes from last year

2024 tax year (1 March 2023 – 29 February 2024)

22 February 2023 – See changes from last year:

​Taxable income (R)​Rates of tax (R)
1 – 237 100 18% of taxable income
237 101 – 370 50042 678 + 26% of taxable income above 237 100
370 501 – 512 80077 362 + 31% of taxable income above 370 500
512 801 – 673 000121 475 + 36% of taxable income above 512 800
673 001 – 857 900179 147 + 39% of taxable income above 673 000
857 901 – 1 817 000251 258 + 41% of taxable income above 857 900
1 817 001 and above644 489 + 45% of taxable income above 1 817 000

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TRAVEL E-LOG BOOK

When can you claim for travel?

If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes.
 

What do I need to do?

Firstly, record your motor vehicle’s odometer reading on 1 March, i.e. on the first day of a tax year.

Secondly, make sure that you keep a logbook throughout the year.  Note that it is not necessary to record details of private travel but you must record details of business travel. You may make use of the SARS eLogbook, simply download the:

  • 2024-25 SARS eLogbook for the 1 March 2024 – 28 February 2025 assessment year and filing season starting 1 Jul 2025 
  • 2023-24 SARS eLogbook for the 1 March 2023 – 29 February 2024 assessment year and filing season starting 1 Jul 2024
  • 2022-23 SARS eLogbook for the 1 March 2022 – 28 February 2023 assessment year and filing season starting 1 Jul 2023
  • 2021-22 SARS eLogbook for the 1 March 2021 – 28 February 2022 assessment year and filing season starting 1 Jul 2022
  • 2020-21 SARS eLogbook for the 1 March 2020 – 28 February 2021 assessment year and filing season starting 1 Jul 2021
  • 2019-20 SARS eLogbook for the 1 March 2019 – 29 February 2020 assessment year and tax season starting 1 Jul 2020
  • 2018-19 SARS eLogbook for the 1 March 2018 – 28 February 2019 assessment year and tax season starting 1 Jul 2019
  • 2017-18 SARS eLogbook for the 1 March 2017 – 28 February 2018 assessment year and tax season starting 1 Jul 2018
  • 2016-17 SARS eLogbook for the 1 March 2016 – 28 February 2017 assessment year and tax season starting 1 Jul 2017
  • 2015-16 SARS eLogbook for the 1 March 2015 – 29 February 2016 assessment year and tax season starting 1 Jul 2016
  • 2014-2015 SARS Logbook for the 1 March 2014 – 28 February 2015 assessment year and tax season starting 1 Jul 2015

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