Rates & Tax Tables
South African prime lending rate, exchange rates and tax tables — kept current.
Live data — exchange rates are the European Central Bank reference set, refreshed automatically every working day · exchange rates as at …. Crypto prices are indicative only and may not be current.
Tax tables — maintained · confirmed by Brandon Iverach, Professional Accountant (SA) · 7 August 2026
Live now prime updates at each MPC meeting
Show prime rate history
| Effective | Prime | Move |
|---|---|---|
| 2026-05-29 | 10.50% | ▲ |
| 2025-11-21 | 10.25% | ▼ |
| 2025-07-31 | 10.50% | ▼ |
| 2025-05-30 | 10.75% | ▼ |
| 2025-01-31 | 11.00% | ▼ |
| 2024-11-22 | 11.25% | ▼ |
| 2024-09-20 | 11.50% | ▼ |
| 2023-07-21 | 11.75% | starting rate |
Exchange & crypto rates exchange rates as at …
| Currency or asset | 1 unit buys | R1 buys | 28 Feb 2025 | 27 Feb 2026 |
|---|---|---|---|---|
| Published by the South African Reserve Bank | ||||
| US Dollar (USD) | … | … | R 18.5065 | R 15.8928 |
| British Pound (GBP) | … | … | R 23.3191 | R 21.4441 |
| Euro (EUR) | … | … | R 19.2468 | R 18.7773 |
| Japanese Yen (JPY) | … | … | R 0.1229 | R 0.1018 |
| European Central Bank reference rates — SARB does not publish these | ||||
| Australian Dollar (AUD) | … | … | R 11.4639 | R 11.3276 |
| New Zealand Dollar (NZD) | … | … | R 10.3295 | R 9.5374 |
| Chinese Yuan (CNY) | … | … | R 2.5325 | R 2.3243 |
| Thai Baht (THB) | … | … | R 0.5396 | R 0.5128 |
| Crypto assets — CoinGecko, daily snapshot | ||||
| Bitcoin (BTC) | … | … | n/a | R 1 074 581.00 |
| Ethereum (ETH) | … | … | n/a | R 32 279.00 |
| BNB (BNB) | … | … | n/a | R 9 960.00 |
| XRP (XRP) | … | … | n/a | R 22.49 |
| Solana (SOL) | … | … | n/a | R 1 370.42 |
28 February 2026 fell on a Saturday, so SARB published no rate that day. The figures shown are the last trading day, Friday 27 February 2026.
The European Central Bank rates are converted through the euro and typically differ from SARB rates by around half a percent. Crypto is a daily snapshot taken 06:00 SAST, not a live feed — check live prices. Prices at 28 February 2025 are not available; the free price histories only reach back twelve months. Stablecoins are excluded — they track the dollar.
For a tax return, use the rate SARS specifies. SARS publishes its own average and spot exchange rate tables, and those take precedence. Crypto assets are assets, not currency — gains are taxable, as revenue or capital depending on the facts.
Tax year confirmed 7 August 2026
Individuals and special trusts
1 Mar 2024 – 28 Feb 2025
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 237 100 | — | + 18% |
| 237 101 – 370 500 | 42 678 | + 26% |
| 370 501 – 512 800 | 77 362 | + 31% |
| 512 801 – 673 000 | 121 475 | + 36% |
| 673 001 – 857 900 | 179 147 | + 39% |
| 857 901 – 1 817 000 | 251 258 | + 41% |
| 1 817 001 and above | 644 489 | + 45% |
Small business corporations
Turnover cap R20 000 000 · 1 Apr 2024 – 31 Mar 2025
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 95 750 | — | + 0% |
| 95 751 – 365 000 | — | + 7% |
| 365 001 – 550 000 | 18 848 | + 21% |
| 550 001 – 20 000 000 | 57 698 | + 27% |
Travel allowance — deemed cost per kilometre
Section 8(1)(b)(ii) · travel between 1 March 2024 – 28 February 2025
| Vehicle value, incl. VAT (R) | Fixed cost (R/yr) | Fuel | Maintenance |
|---|---|---|---|
| 0 – 100 000 | 34 480 | 151.7c | 46.0c |
| 100 001 – 200 000 | 61 770 | 169.4c | 57.6c |
| 200 001 – 300 000 | 89 119 | 184.0c | 63.5c |
| 300 001 – 400 000 | 113 436 | 197.9c | 69.3c |
| 400 001 – 500 000 | 137 752 | 211.8c | 81.5c |
| 500 001 – 600 000 | 163 178 | 243.0c | 95.6c |
| 600 001 – 700 000 | 188 653 | 247.1c | 107.3c |
| 700 001 – 800 000 | 215 447 | 251.2c | 118.9c |
| 800 001 and above | 215 447 | 251.2c | 118.9c |
Simplified (prescribed) rate: 484c per kilometre — When this applies →
Rebates, thresholds and the rest (2025)
- Rebates: Primary 17 235 · 65 and older + 9 444 · 75 and older + 3 145
- Tax thresholds: Under 65: 95 750 · 65 – 74: 148 217 · 75 and older: 165 689
- Medical credits: First two members 364 pm · Each additional 246 pm
- Capital gains: Annual exclusion 40 000 · Year of death 300 000 · Inclusion — ind / co 40% / 80% · Primary residence 2 000 000
- Donations tax: Rate 20% · Above R30m 25% · Annual exemption 100 000
- Small business disposal: Disposal exclusion, 55+ 1 800 000 · Market value cap 10 000 000
- VAT registration: Compulsory 1 000 000 · Voluntary 50 000
- Other: Subsistence — meals & incidental 548 · Incidental only 169 · Tax-free investment 36 000 · RA contributions 27.5% / 350 000
Individuals and special trusts
1 Mar 2025 – 28 Feb 2026
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 237 100 | — | + 18% |
| 237 101 – 370 500 | 42 678 | + 26% |
| 370 501 – 512 800 | 77 362 | + 31% |
| 512 801 – 673 000 | 121 475 | + 36% |
| 673 001 – 857 900 | 179 147 | + 39% |
| 857 901 – 1 817 000 | 251 258 | + 41% |
| 1 817 001 and above | 644 489 | + 45% |
Small business corporations
Turnover cap R20 000 000 · 1 Apr 2025 – 31 Mar 2026
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 95 750 | — | + 0% |
| 95 751 – 365 000 | — | + 7% |
| 365 001 – 550 000 | 18 848 | + 21% |
| 550 001 – 20 000 000 | 57 698 | + 27% |
Travel allowance — deemed cost per kilometre
Section 8(1)(b)(ii) · travel between 1 March 2025 – 28 February 2026
| Vehicle value, incl. VAT (R) | Fixed cost (R/yr) | Fuel | Maintenance |
|---|---|---|---|
| 0 – 100 000 | 33 940 | 146.7c | 47.4c |
| 100 001 – 200 000 | 60 688 | 163.8c | 59.3c |
| 200 001 – 300 000 | 87 497 | 177.9c | 65.4c |
| 300 001 – 400 000 | 111 273 | 191.4c | 71.4c |
| 400 001 – 500 000 | 135 048 | 204.8c | 83.9c |
| 500 001 – 600 000 | 159 934 | 234.9c | 98.5c |
| 600 001 – 700 000 | 184 867 | 238.9c | 110.5c |
| 700 001 – 800 000 | 211 121 | 242.9c | 122.5c |
| 800 001 and above | 211 121 | 242.9c | 122.5c |
Simplified (prescribed) rate: 476c per kilometre — When this applies →
Rebates, thresholds and the rest (2026)
- Rebates: Primary 17 235 · 65 and older + 9 444 · 75 and older + 3 145
- Tax thresholds: Under 65: 95 750 · 65 – 74: 148 217 · 75 and older: 165 689
- Medical credits: First two members 364 pm · Each additional 246 pm
- Capital gains: Annual exclusion 40 000 · Year of death 300 000 · Inclusion — ind / co 40% / 80% · Primary residence 2 000 000
- Donations tax: Rate 20% · Above R30m 25% · Annual exemption 100 000
- Small business disposal: Disposal exclusion, 55+ 1 800 000 · Market value cap 10 000 000
- VAT registration: Compulsory 1 000 000 · Voluntary 50 000
- Other: Tax-free investment 36 000 · RA contributions 27.5% / 350 000
Individuals and special trusts
1 Mar 2026 – 28 Feb 2027
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 245 100 | — | + 18% |
| 245 101 – 383 100 | 44 118 | + 26% |
| 383 101 – 530 200 | 79 998 | + 31% |
| 530 201 – 695 800 | 125 599 | + 36% |
| 695 801 – 887 000 | 185 215 | + 39% |
| 887 001 – 1 878 600 | 259 783 | + 41% |
| 1 878 601 and above | 666 339 | + 45% |
Small business corporations
Turnover cap R20 000 000 · 1 Apr 2026 – 31 Mar 2027
| Taxable income (R) | Base | Of excess |
|---|---|---|
| 0 – 99 000 | — | + 0% |
| 99 001 – 365 000 | — | + 7% |
| 365 001 – 550 000 | 18 620 | + 21% |
| 550 001 – 20 000 000 | 57 470 | + 27% |
Travel allowance — deemed cost per kilometre
Section 8(1)(b)(ii) · travel between 1 March 2026 – 28 February 2027
| Vehicle value, incl. VAT (R) | Fixed cost (R/yr) | Fuel | Maintenance |
|---|---|---|---|
| 0 – 115 000 | 38 344 | 132.9c | 49.1c |
| 115 001 – 230 000 | 68 487 | 148.4c | 61.4c |
| 230 001 – 345 000 | 98 689 | 161.2c | 67.8c |
| 345 001 – 460 000 | 125 393 | 173.4c | 74.0c |
| 460 001 – 575 000 | 152 097 | 185.5c | 86.9c |
| 575 001 – 690 000 | 180 078 | 212.8c | 102.0c |
| 690 001 – 805 000 | 208 106 | 216.5c | 114.5c |
| 805 001 – 920 000 | 237 679 | 220.1c | 126.1c |
| 920 001 and above | 237 679 | 220.1c | 126.9c |
Simplified (prescribed) rate: 495c per kilometre — When this applies →
Rebates, thresholds and the rest (2027)
- Rebates: Primary 17 820 · 65 and older + 9 765 · 75 and older + 3 249
- Tax thresholds: Under 65: 99 000 · 65 – 74: 153 250 · 75 and older: 171 300
- Medical credits: First two members 376 pm · Each additional 254 pm
- Capital gains: Annual exclusion 50 000 · Year of death 440 000 · Inclusion — ind / co 40% / 80% · Primary residence 3 000 000
- Donations tax: Rate 20% · Above R30m 25% · Annual exemption 150 000
- Small business disposal: Disposal exclusion, 55+ 2 700 000 · Market value cap 15 000 000
- VAT registration: Compulsory 2 300 000 · Voluntary 120 000 · raised 1 April 2026
- Other: Tax-free investment 46 000 · RA contributions 27.5% / 430 000
Unchanged across all three years
- Interest exemption: Under 65: 23 800 · 65 and older: 34 500
- Entities: Companies 27% · Trusts 45% · Dividends tax 20%
- VAT: Standard rate 15%
- Other: UIF ceiling (monthly) 17 711.58 · Small assets write-off 7 000
The simplified rate — when you can use it
There are two ways to be paid for business travel, and the simplified rate belongs to only one of them.
Deemed cost — the table above
For a fixed travel allowance (IRP5 code 3701), paid monthly whether you travel or not. You keep a logbook, look your vehicle's value up in the table, and claim the deemed cost against the allowance on assessment. The simplified rate does not apply here.
Simplified rate — 495c per km
For a reimbursive allowance (section 8(1)(b)(iii)), paid per business kilometre actually travelled. You may elect the prescribed rate instead of working out actual or deemed costs.
Travel between home and your normal place of work is private travel and cannot be claimed. A logbook recording date, kilometres, destination and reason is required for any claim.
Transfer duty
Payable on the date the property is acquired, not by tax year — so the ladder that applies depends on the transfer date.
Acquisitions to 31 March 2025
| Property value (R) | Base | Of excess |
|---|---|---|
| 0 – 1 100 000 | — | + 0% |
| 1 100 001 – 1 512 500 | — | + 3% |
| 1 512 501 – 2 117 500 | 12 375 | + 6% |
| 2 117 501 – 2 722 500 | 48 675 | + 8% |
| 2 722 501 – 12 100 000 | 97 075 | + 11% |
| 12 100 001 and above | 1 128 600 | + 13% |
Acquisitions from 1 April 2025
| Property value (R) | Base | Of excess |
|---|---|---|
| 0 – 1 210 000 | — | + 0% |
| 1 210 001 – 1 663 800 | — | + 3% |
| 1 663 801 – 2 329 300 | 13 614 | + 6% |
| 2 329 301 – 2 994 800 | 53 544 | + 8% |
| 2 994 801 – 13 310 000 | 106 784 | + 11% |
| 13 310 001 and above | 1 241 456 | + 13% |
SARS states the 1 April 2025 table is unchanged for the year beginning 1 April 2026. Duty is payable on the greater of the purchase price or the market value.
Calculators
Transfer duty
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Transfer duty …
Transfer duty is payable on the greater of the purchase price or the market value of the property. This calculator uses the figure you enter.
Income tax — basic assessment uses the selected year's tables above
Tax payable …
…
A basic assessment. It applies the age rebate, the medical scheme fees credit (s6A) and the additional medical expenses credit (s6B) assuming no out-of-pocket qualifying expenses and no disability. It does not include PAYE already deducted, provisional tax paid, retirement fund deductions or any other deduction. Fuel may only be claimed if you bore the full cost of fuel, and maintenance only if you bore the full cost of maintaining the vehicle. The fixed cost must be apportioned over 365 days where the vehicle was used for business for less than the full year; this assumes a full year. A logbook is required. This does not apply the retirement contribution deduction, the local interest exemption or the disability provisions. For those, use the personal income tax calculator.
Sources
South African Reserve Bank — prime lending rate, policy rate, and the US dollar, pound, euro and yen rates.
European Central Bank (via Frankfurter) — Australian dollar, New Zealand dollar, Chinese yuan and Thai baht, which SARB does not publish.
CoinGecko — crypto prices.
Wealth & Tax Report V9 — deemed cost, reimbursive rates, brackets, rebates, medical credits, CGT and tax-free savings cross-checked against the practice tax engine, which reconciles to SARS ITA34s.
SARS — tax tables, transferred from the published rate cards and checked by Brandon Iverach, Professional Accountant (SA), PR-0025122.