Effective bank tax rate reached 10.7% in first quarter of 2021 in South Africa, according to the National Central Bank. This is 8.10% less than in the previous quarter.
Historically, effective bank tax rate in South Africa reached an all time high of 97.0% in 2Q2020 and an all time low of 3.41% in 2Q2012.
South Africa has been ranked 38th within the group of 49 countries we follow in terms of effective bank tax rate.
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