Tax Rates 2024 South Africa. The tax rates for the 2024 tax year, starting on 1st march 2023 and ending on 28th february 2024 are: In real monetary terms, this equates to more than r387 billion, with no indication of slowing down, in keeping with the minister’s approach of ‘don’t upset the apple cart’.

In real monetary terms, this equates to more than r387 billion, with no indication of slowing down, in keeping with the minister’s approach of ‘don’t upset the apple cart’. Treasury has also increased the threshold for retirement lump sum benefits and lump sum withdrawals tax tables as well as transfer duty tables by 10%.