Unlike the United States, South Africa doesn't generally tax recreational gambling winnings. You may be required to report large winnings to the South African Revenue Service, but your windfall won't be subject to capital gains taxes. This is merely a rule of thumb that applies to recreational players. Mar 01, 2019 Estate duty is levied at a flat rate of 20% on the property of South African tax residents and the South African property of non-residents. A basic deduction of R 3.5 million applies in respect of estate duty. If you play international lotteries from South Africa, there may be tax laws in those countries that come into effect before you receive your winnings. For example, the United States government imposes a 25% federal tax on any Mega Millions prize above $5,000.01, while the jackpot is subject to a 39% federal tax withholding.

✔ 2020 Tax Rates, Thresholds and Allowance for Individuals, Companies, Trusts and Small Business Corporations (SBC) in South Africa

You are viewing the income tax rates, thresholds and allowances for the 2020 Tax Year in South Africa. If you are looking for an alternative tax year, please select one below.

The following tax rates, thresholds and allowances are valid for the 2019 - 2020 Tax Year in South Africa which is known as the 2020 Tax Year. The Tax Year runs from 1 March 2019 - 28 February 2020

Rates for Individuals

Medical Tax Credit Rates

Gambling Tax South Africa 2020 Permits

Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts

Companies, Trusts and Small Business Corporations (SBC)

Medical Tax Credit Rates

Please note that the Medical Tax Credit is a non-refundable tax credit and cannot be carried over to the next tax year. The MTC is a fixed monthly amount that increases in line with the number of dependants you claim for. Note that the figures below show the annual Medical Tax Credit amounts

Interest and Dividends

Gambling Tax South Africa 2020 Winner

Capital Gains Tax (CGT)

Retirement Lump Sum Benefits

Withdrawal Benefit

Retirement & Death Benefits or Severance Benefits

Gambling Tax South Africa 2020 Results

Income Tax Tables are used to calculated individual salaries, apply tax deductions and tax credits to produce a net take home pay (your income after deductions). Below is an example salary after tax deductions based on the 2019 - 2020 tax tables.

R309,300.00 Salary Income Tax Calculation and Salary Example

Gambling Tax South Africa 2020 Calendar

¹ Percentage expressed in relation to Gross Income [R309,300.00].

If you have not encountered tax table information before or if you are unsure of how tax tables affect your income we recommend you read our guide: What are Tax Tables? Tax Tables explained.

The Covid-19 pandemic has had a profound impact on the digital landscape around the world. The mobile industry in Sub-Saharan Africa has largely risen to the challenge of keeping individuals and businesses connected during the pandemic, despite changes in data consumption patterns. However, with nearly 800 million people in the region still not connected to the mobile internet, it has never been more urgent to close the digital divide.

Governments and policymakers should implement policies to enhance access to connectivity and drive investment in more resilient digital infrastructure for the future. This is crucial to reactivating the region’s economy post- Covid-19 despite the sizable contribution mobile technologies and services generated in 2019, at 9% of regional GDP.

Efficient and effective management of spectrum is also key to maximise the opportunities that mobile connectivity can bring to society. Making sure the required spectrum resources are available under the right conditions will lower broadband costs, increase coverage and boost connectivity. The 2020s will see strong growth in the number of Africans connected to mobile broadband. As 4G and 5G grow together throughout the decade to come, spectrum preparation can drive cost efficiency and promote growth.