While Finance Minister, Enoch Godongwana’s first Budget Speech didn’t hold too many surprises, many legislative rates, earnings limits and their effective dates have been published by various statutory departments since the 2022 Budget.
Various rate changes were all released at different times and this article aims to provide you with a consolidated view of all the latest statutory rates and earnings limits including their effective dates.
Employers and Payroll Managers need to exercise caution when processing payrolls to ensure compliance with the 2022 Budget.
The below rates were accurate at the time of posting this article.
Department of Labour Rate Changes
| Department of Labour | Old Rate | New Rate | Effective Date |
| UIF | R 17 712.00 | R 17 712.00 | 1 March 2021 |
| BCEA | R 211 596.30 | R 224 080.48 | 1 March 2022 |
| COIDA | R 506 473.00 | R 529 264.00 | 1 March 2022 |
| National Min Wage: – General Worker – Farm Worker – Domestic Worker – Public Works Program Worker | R 21.69 p/h R 21.69 p/h R 19.09 p/h R 11.93 p/h | R 23.19 p/h R 23.19 p/h R 23.19 p/h R 12.75 p/h | 1 March 2022 |
SARS – Subsistence, Medical Aid and Other Important Rate Changes
| SARS Rates | Old Rate | New Rate | Effective Date |
| Subsistence: – Incidental Costs – Incidental and Meals | R 139 p/day R 452 p/day | R 152 p/day R 493 p/day | 1 March 2022 |
| Medical Tax Credits: – Main + 1 dependent – All other dependents | R 332 R 224 | R 347 R 234 | 1 March 2022 |
| Rebates: – Under 65 – Over 65 – Over 75 | R 15 714 R 8 613 R 2 871 | R 16 425 R 9 000 R 2 997 | 1 March 2022 |
| Tax threshold: – Under 65 – Over 65 – Over 75 | R 87 300 R 135 15 R 151 100 | R 91 250 R 141 250 R 157 900 | 1 March 2022 |
| Expat Exempt Income | R 1 250 000 | R 1 250 000 | 1 March 2020 |
| Official Rate of Interest | 4.5% | 5.25% | 24 March 2022 |
Prescribed Travel Re-imbursement Rate
| SARS Rates | Old Rate | New Rate | Effective Date |
| Prescribed Travel Rate | R 3.82 p/km | R 4.18 p/km | 1 March 2022 |
Travel Table | Determined Rates
| Vehicle Value | Fixed Cost (R p.a.) | Fuel Cost (c/km) | Maintenance Cost (c/km) |
| R 0 – R 95 000 | R 29 836 | 131.7 | 40.9 |
| R 95 001 – R 190 000 | R 52 889 | 147.0 | 51.1 |
| R 190 001 – R 285 000 | R 76 033 | 159.7 | 56.3 |
| R 285 001 – R 380 000 | R 96 197 | 171.8 | 61.5 |
| R 380 001 – R 475 000 | R 116 438 | 183.8 | 72.3 |
| R 475 001 – R 570 000 | R 137 735 | 210.8 | 84.9 |
| R 570 001 – R 665 000 | R 159 031 | 218.0 | 105.5 |
| exceeding R 665 000 | R 159 031 | 218.0 | 105.5 |
Tax Rates for the 2022-2023 Tax Year
| Taxable Income | Rates of Tax |
| R 0 – R 226 000 | 18% of taxable income |
| R 226 001 – R 353 100 | R 40 680 + 26% of taxable income above R 226 000 |
| R 353 101 – R 488 700 | R 73 726 + 31% of taxable income above R 353 100 |
| R 488 701 – R 641 400 | R 115 762 + 36% of taxable income above R 488 700 |
| R 641 401 – R 817 600 | R 170 734 + 39% of taxable income above R 641 400 |
| R 817 601 – R 1 731 600 | R 239 452 + 41% of taxable income above R 817 600 |
| R 1 731 601 and above | R 614 192 + 45% of taxable income above R 1 731 600 |
Tax Rates for the 2021-2022 Tax Year
| Taxable Income | Rates of Tax |
| R 0 – R 216 200 | 18% of taxable income |
| R 216 201 – R 337 800 | R 38 916 + 26% of taxable income above R 216 200 |
| R 337 801 – R 467 500 | R 70 532 + 31% of taxable income above R 337 800 |
| R 467 501 – R 613 600 | R 110 739 + 36% of taxable income above R 467 500 |
| R 613 601 – R 782 200 | R 163 335 + 39% of taxable income above R 613 600 |
| R 782 201 – R 1 656 600 | R 229 089 + 41% of taxable income above R 782 200 |
| R 1 656 601 and above | R 587 593 + 45% of taxable income above R 1 656 600 |