Katya Melamie

Tax Brackets 2024 South Africa Single. Effective tax rate = 18. Tax rates are proposed by the minister of finance in the annual budget speech and fixed or passed by parliament each year.

Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits,. Years of assessment ending any date between 1 april 2024 and 31 march.