
		2024		2023
for the year ended 30 June	Note	Rm		Rm
Reconciliation
Balance at beginning of year			(32 422)	(20 649)
Current year charge			(292)	(7 624)
per the income statement	9		(417)	(7 744)
per the statement of comprehensive income			125	120
Foreign exchange differences recognised in income statement			26	(19)
Translation of foreign operations			700	(4 130)
Balance at end of year			(31 988)	(32 422)

Comprising
Deferred tax assets			(37 193)	(37 716)
Deferred tax liabilities			5 205	5 294
			(31 988)	(32 422)

Deferred tax assets and liabilities are determined based on the tax status and rates of the underlying entities. We anticipate sufficient taxable profits to be generated in future to recover the deferred tax asset against. These US and SA tax losses do not expire.


	2024	2023
for the year ended 30 June	Rm	Rm
Attributable to the following tax jurisdictions
South Africa	(4 193)	(5 054)
United States of America	(25 608)	(27 973)
Germany	964	1 059
Mozambique	(1 567)	(679)
Other	(1 584)	225
	(31 988)	(32 422)
Deferred tax is attributable to temporary differences on the following:
Net deferred tax assets:
Property, plant and equipment	14 768	25 974
Right of use assets	1 677	1 697
Short- and long-term provisions	(4 284)	(4 566)
Calculated tax losses	(39 666)	(50 580)
Financial liabilities	225	(270)
Lease liabilities	(2 922)	(2 729)
Other¹	(6 991)	(7 242)
	(37 193)	(37 716)
Net deferred tax liabilities:
Property, plant and equipment	6 833	7 471
Right of use assets	490	338
Current assets	138	(604)
Short- and long-term provisions	(1 928)	(1 877)
Calculated tax losses	(4)	(4)
Financial liabilities	106	107
Lease liabilities	(543)	(481)
Other	113	344
	5 205	5 294

1 Other mainly relates to the US interest expense limitation carry forward of R5,0 billion (2023: R5,3 billion).

Deferred tax assets have been recognised for the carry forward amount of unutilised tax losses relating to the Group’s operations where, among other things, some taxation losses can be carried forward indefinitely and there is compelling evidence that it is probable that sufficient taxable profits will be available in the future to utilise all tax losses carried forward.


	2024	2023
for the year ended 30 June	Rm	Rm
Calculated tax losses
(before applying the applicable tax rate)
Available for offset against future taxable income	326 354	256 462
Utilised against the deferred tax balance	(209 025)	(251 397)
Not recognised as a deferred tax asset	117 329	5 065
Calculated tax losses carried forward that have not been recognised:*
Expiry within 1 year	—	207
Expiry thereafter	1 395	1 307
Indefinite life	115 934	3 551
	117 329	5 065

A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which the deferred tax asset can be utilised. This includes the significant tax losses incurred at our US operations and Sasol Financing International Limited. These losses do not expire. The assumptions used in estimating future taxable profits are consistent with the main assumptions disclosed in note 8. Where appropriate, the expected impact of climate change was considered in estimating the future taxable profits. The provision of deferred tax assets and liabilities reflects the tax consequences that would follow from the expected recovery or settlement of the carrying amount of its assets and liabilities.

Unremitted earnings at end of year that would be subject to foreign dividend withholding tax and after tax effect if remitted

Deferred tax liabilities are not recognised for the income tax effect that may arise on the remittance of unremitted earnings by foreign subsidiaries, joint operations and incorporated joint ventures. It is management’s intention that, where there is no double taxation relief, these earnings will be permanently re-invested in the Group.


	2024		2023
for the year ended 30 June	Rm		Rm
Unremitted earnings at end of year that would be subject to dividend withholding tax		34 256	38 910
Europe		22 766	26 123
Rest of Africa		3 903	4 984
Other		7 587	7 803

Tax effect if remitted		795	1 012
Europe		458	587
Rest of Africa		312	399
Other		25	26

Dividend withholding tax is payable at a rate of 20% on dividends distributed to shareholders. Dividends paid to companies and certain other institutions and certain individuals are not subject to this withholding tax. This tax is not attributable to the company paying the dividend but is collected by the company and paid to the tax authorities on behalf of the shareholder.

On receipt of a dividend, the company includes the dividend withholding tax in its computation of the income tax expense.


	2024	2023
for the year ended 30 June	Rm	Rm
Undistributed earnings at end of year that would be subjected to dividend withholding tax withheld by the company on behalf of Sasol Limited shareholders	84 328	134 442
Maximum withholding tax payable by shareholders if distributed to individuals	16 866	26 889

The income tax charge is determined based on net income before tax for the year and includes current tax, deferred tax and dividend withholding tax.

The current tax charge is the tax payable on the taxable income for the financial year applying enacted or substantively enacted tax rates and includes any adjustments to tax payable in respect of prior years.

Deferred tax is provided for using the liability method, on all temporary differences between the carrying amount of assets and liabilities for accounting purposes and the amounts used for tax purposes and on any tax losses using enacted or substantively enacted tax rates at the reporting date that are expected to apply when the asset is realised or liability settled.

Deferred tax assets and liabilities are offset when the related income taxes are levied by the same taxation authority, there is a legally enforceable right to offset and there is an intention to settle the balances on a net basis.