Trust Tax Rates 2024 South Africa. Another boon for corporate taxpayers carried over from last year was the reduced. The overall maximum effective tax rates for individuals remain unchanged from last year at 18% and for companies and trusts it is 21,6% (previously 22,4%) and 36% respectively.
Where the trust itself is taxed, it is taxed at a flat rate of 45%. Trusts are tax transparent for the most part where the income of the trust vests in a beneficiary in the same tax year.
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