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
Source: SARS’ Budget Tax Guide 2025
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.