Finance minister Tito Mboweni announced no changes to the following taxes: Dividends tax, which remains at 20%. Interest exemptions, which remain at R23,800 for individuals under the age of 65 and R34,500 for individuals aged 65 and over. Retirement fund contributions, which remain at 27.5% of taxable income or remuneration up to R350,000. Capital gains tax inclusion rates and exemptions, with the effective rates remaining at: Individuals and special trusts: 18% Companies: 22.4% Other trusts: 36% Annual exclusion for individuals remains R40,000: Estate duty — the rate remains at 20% on the first R30m and 25% on estates over R30m, with a basic deduction of R3.5m. Donations tax — the rate remains 20% of property under R30m and 25% of property over the value of R30m. The first R100,000 is exempt. Companies tax remains at 28%. Transfer duty — the rate remains 0% for properties under R900,000. Thereafter, a sliding scale applies from 3% of the value above R900,000. Lump sum retirement fu...

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