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ZA Customer Communication: 2024 Budget Speech
Dear Customer
On 21 February 2024, the Minister of Finance delivered the 2024 Budget Speech.
Based on a review of the Budget Speech and documents contained on the South African Revenue Services and Treasury websites (as at 09:00, 22 February 2024):
• No adjustments were made to the Tax Tables, Rebates, Tax Thresholds and Medical Aid Tax Credits. The Tax Tables, Rebates, Tax Thresholds and Medical Aid Tax Credits that applied to the 2023/2024 tax year will continue to apply to the 2024/2025 tax year.
• The subsistence allowance rates have changed.
• The Reimbursive Travel Rate, applicable to the 2024/2025 tax year, has not been published. It is therefore uncertain if this rate has changed for the 2024/2025 tax year.