Trust Tax rate and accounting for Trusts
The taxation of Trusts is at a flat rate in South Africa. Any profit that is distributed is taxed in the hands of the beneficiaries.
Many people use trusts early on in their lives as part of their estate planning so that if it is easier to wind up their estate in the event of death.
Trust Tax Rate (other than special trusts)
22 February 2023 – No changes from last year:
Year of assessment - Rate of Tax
1 March 2023 – 29 February 2024 - 45%
1 March 2022 – 28 February 2023 - 45%
1 March 2021 – 28 February 2022 - 45%
1 March 2020 – 28 February 2021 - 45%
1 March 2019 – 29 February 2020 - 45%
1 March 2018 – 28 February 2019 - 45%
1 March 2017 – 28 February 2018 - 45%
1 March 2016 – 28 February 2017 - 41%
1 March 2015 – 29 February 2016 - 41%
1 March 2014 – 28 February 2015 - 40%
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