National Budget 2016 Highlights

Click here for the 2016/2017 tax pocket guide


Corporate tax rate:

Remains 28%

Personal Income Tax

Rate unchanged, but tax tables updated

Capital Gains Tax:

Individuals: 33.3% to 40%

Companies: 66.6% to 80%

Companies: 66.6% to 80%

VAT rate


Retirement reform

Provident fund annuitisation postponed

Fuel Levy

Raised by 30.5 c/litre

Sin Taxes

Increase between 6.7% – 8.5% in duties on alcohol and tobacco products.

Sugar tax to be introduced on 1 April 2017.