South Africa’s tax system is highly progressive, with tax rates rising with taxable income. There is a particularly large step up in the average rate above around R430k. Since 2012, there has been a decrease in average tax between incomes of 100k and R1mil, while the average tax rate applicable to incomes above R1mil has increased. Up-to-date comparisons of average tax rate estimates across the world are not easily accessible, but South Africa’s personal tax rate is relatively high by international standards.
