The Social Security Rate For Companies in South Africa stands at 1 percent. source: South African Social Security Agency (SASSA)

Social Security Rate For Companies in South Africa averaged 1.75 percent from 2004 until 2019, reaching an all time high of 2 percent in 2005 and a record low of 1 percent in 2016. This page provides - South Africa Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Social Security Rate For Companies - values, historical data and charts - was last updated on May of 2021.

Social Security Rate For Companies in South Africa is expected to reach 2.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Social Security Rate For Companies is projected to trend around 2.00 percent in 2021, according to our econometric models.

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South Africa Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 2.00 1.00 2004 - 2019 percent Yearly

South Africa Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 28.00 28.00 37.80 28.00 percent [+]
Personal Income Tax Rate 45.00 45.00 45.00 40.00 percent [+]
Sales Tax Rate 15.00 15.00 15.00 14.00 percent [+]
Social Security Rate 2.00 2.00 3.00 2.00 percent [+]
Social Security Rate For Companies 1.00 1.00 2.00 1.00 percent [+]
Social Security Rate For Employees 1.00 1.00 1.00 1.00 percent [+]


South Africa Social Security Rate For Companies
In South Africa, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of South Africa because they help to pay for many social programs including welfare, health care and many other benefits.