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Deferred tax (Tables)

12 Months Ended

Jun. 30, 2019

Deferred tax

Schedule of deferred tax

				2019		2018
for the year ended 30 June		Note		Rm		Rm

Reconciliation
Balance at beginning of year				21 812		22 778
Current year charge				(2 819	)	(851	)
per the income statement		12		(2 689	)	(1 075	)
per the statement of comprehensive income				(130	)	224
Reclassification to held for sale				(6	)	—
Foreign exchange differences recognised in income statement				22		34
Translation of foreign operations				14		(149	)

Balance at end of year				19 023		21 812


Comprising
Deferred tax assets				(8 563	)	(4 096	)
Deferred tax liabilities				27 586		25 908

				19 023		21 812

		2019		2018
for the year ended 30 June		Rm		Rm

Attributable to the following tax jurisdictions
 South Africa		25 065		22 501
 United States of America		(4 998	)	301
 Germany		(550	)	(431	)
 Mozambique		559		766
 Other		(1 053	)	(1 325	)

		19 023		21 812

Deferred tax is attributable to temporary differences on the following:
Net deferred tax assets:
Property, plant and equipment		2 003		1 194
Short- and long-term provisions		(2 851	)	(1 296	)
Calculated tax losses		(7 329	)	(3 267	)
Other		(386	)	(727	)

		(8 563	)	(4 096	)

Net deferred tax liabilities:
Property, plant and equipment		33 342		32 233
Current assets		(1 147	)	(777	)
Short- and long-term provisions		(4 061	)	(4 991	)
Calculated tax losses		(150	)	(284	)
Financial derivatives		59		57
Other		(457	)	(330	)

		27 586		25 908

		2019		2018
for the year ended 30 June		Rm		Rm

Calculated tax losses
(before applying the applicable tax rate)
Available for offset against future taxable income		48 444		23 893
Utilised against the deferred tax balance		(29 745	)	(6 272	)

Not recognised as a deferred tax asset(1)		18 699		17 621

Deferred tax assets not recognised on tax losses mainly relate to Sasol’s exploration and development entities, where future taxable income is uncertain.
Calculated tax losses carried forward that have not been recognised:
Expiry between three and five years		712		376
Expiry thereafter		2 212		2 052
Indefinite life		15 775		15 193

		18 699		17 621

(1)	Included are calculated tax losses of R15,5 billion relating to Sasol Canada.

Schedule of unremitted earnings

		2019		2018
for the year ended 30 June		Rm		Rm

Unremitted earnings at end of year that would be subject to dividend withholding tax		28 150		45 280
Europe		10 808		12 555
Rest of Africa		2 675		2 346
United States of America*		10 486		23 591
Other		4 181		6 788

Tax effect if remitted		1 012		1 718
Europe		241		267
Rest of Africa		213		188
United States of America		524		1 179
Other		34		84

*	Decrease in the current year relates mainly to tax losses incurred at our US operations where we anticipate sufficient profits to be generated in future to utilise the deferred tax asset against.

Schedule of dividend withholding tax

		2019		2018
for the year ended 30 June		Rm		Rm

Undistributed earnings at end of year subjected to dividend withholding tax withheld by the company on behalf of Sasol Limited shareholders		180 692		185 064
Maximum withholding tax payable by shareholders if distributed to individuals		36 138		37 013