Africa & Indian Ocean · Southern Africa

South Africa

World-class private banking, legal and advisory infrastructure with genuine first-world lifestyle at a fraction of the cost — attached to a worldwide tax system, an exit charge on departure, and a Home Affairs department whose adjudication times are measured in years.

Last verified July 2026101 visa-free destinations

Tax position

Income tax (top)
45% (on taxable income above roughly ZAR 1.82m)
Capital gains
40% inclusion rate for individuals, giving a maximum effective rate of 18%
Wealth tax
none (repeatedly proposed, never enacted)
Inheritance tax
Estate duty at 20% on the first ZAR 30m of dutiable estate and 25% above, after a ZAR 3.5m abatement; donations tax mirrors it
Special regime
Section 10(1)(o)(ii) exemption for the first ZAR 1.25m of foreign employment income where 183 days (60 continuous) are worked abroad
Territorial
No — worldwide income taxed
CFC rules
Yes
Exit tax
Yes — leaving has a cost
CRS
Participating

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