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Taxation (Tables)
 12 Months Ended
Jun. 30, 2025
Taxation  
Schedule of taxation

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2025

    

2024

    

2023

 

for the year ended 30 June

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Note

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Rm

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Rm

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Rm

 

South African normal tax

 

  

 

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3 759

 

8 128

 

10 271

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current year¹

 

  

 

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4 389

 

8 212

 

10 671

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prior years²

 

  

 

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(630)

 

(84)

 

(400)

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Foreign tax

 

  

 

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2 024

 

2 028

 

2 654

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current year

 

  

 

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2 055

 

2 045

 

2 507

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global minimum top-up tax³

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19

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—

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—

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prior years

 

  

 

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(50)

 

(17)

 

147

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Income tax

 

10

 

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5 783

 

10 156

 

12 925

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Deferred tax – South Africa

 

11

 

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(336)

 

709

 

(4 721)

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current year⁴

 

  

 

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(152)

 

570

 

(5 687)

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prior years

 

  

 

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(184)

 

139

 

966

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Deferred tax – foreign

 

11

 

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(891)

 

(1 126)

 

(3 023)

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current year⁵

 

  

 

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(496)

 

(1 031)

 

(2 845)

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prior years

 

  

 

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(51)

 

(102)

 

(172)

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tax rate change⁶

 

  

 

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(344)

 

7

 

(6)

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4 556

 

9 739

 

5 181

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1The decrease in 2025 mainly relates to reduced taxable profits.
2Mainly relates to Section 12L allowances in South Africa.
32025 is in respect of Pillar Two that introduced a 15% global minimum effective tax rate for large multi-national entities. The Group has applied a temporary mandatory relief from deferred tax accounting for the impacts of the top-up tax and accounts for it as a current tax.
42025 decrease due to impairments recognised in the current year, 2023 also related to impairment.
5The decrease in the current year relates mainly to the non-recoverability of a deferred tax asset previously recognised on tax losses in Italy to the amount of R1,6 billion, partially offset by the impact of current year impairments and tax loss mainly in the US.
6Relates mainly to Louisiana (US) tax rate reduction that was recently enacted.
Schedule of reconciliation of effective tax rate to current tax rate

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2025

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2024

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2023

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 %

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 %

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%

Reconciliation of effective tax rate

 

  

 

  

 

  

The table below shows the difference between the South African enacted tax rate compared to the effective tax rate in the income statement. Total income tax expense differs from the amount computed by applying the South African normal tax rate to profit before tax. The reasons for these differences are:

 

  

 

  

 

  

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South African normal tax rate

 

27,0

 

27,0

 

27,0

Increase/(decrease) in rate of tax due to:

 

  

 

  

 

  

disallowed expenditure¹

 

13,4

 

(2,3)

 

6,1

disallowed share-based payment expenses

 

0,2

 

(0,1)

 

0,2

different tax rates²

 

2,5

 

(7,9)

 

3,1

tax losses not recognised³

 

11,8

 

(49,6)

 

4,8

translation differences⁴

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—

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—

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4,3

other adjustments⁵

 

2,1

 

—

 

2,1

(Decrease)/increase in rate of tax due to:

 

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exempt income⁶

 

(3,8)

 

0,2

 

(2,7)

share of profits of equity accounted investments⁷

 

(3,6)

 

1,4

 

(4,9)

utilisation of tax losses

 

(1,7)

 

0,8

 

(0,7)

investment incentive allowances

 

(0,3)

 

0,2

 

(1,3)

translation differences

 

(0,1)

 

0,4

 

—

capital gains and losses

 

(0,1)

 

—

 

(0,2)

change in corporate income tax rate⁹

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(2,8)

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—

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—

prior year adjustments⁸

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(7,5)

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—

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(2,1)

other adjustments⁵

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—

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1,7

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—

Effective tax rate

 

37,1

 

(28,2)

 

35,7

1Includes non-deductible expenses incurred not deemed to be in the production of taxable income mainly relating to non-productive interest, project costs, as well as non-deductible impairments.
2Mainly relates to the lower tax rate in the US (23%) and the higher tax rate for Sasol Petroleum Temane Limitada in Mozambique (32%) on higher taxable income.
32025 mainly relates to the reversal of Sasol Italy’s deferred tax asset previously recognised on historical tax losses, as well as current tax losses, as it is no longer considered probable that sufficient future taxable income will be available in the foreseeable future to fully utilise these losses. 2024 relates to a partial reversal of the US deferred tax asset.
42023 impacted by a translation difference of R845 million arising from exchange rates applied by SARS at the date of the 2022 assessment.
52025 mainly due to Sasol Italy reversal of deferred tax asset on temporary differences, as well as Sasol China impairment reversal. Included in 2024 is the impact of the reversal of the 2018 impairment in Sasol Petroleum Temane Limited.
62025 relates mainly to proceeds on disposal of Uzbekistan GTL that reached specified capacity per agreement. 2023 mainly related to Italian tax credit for energy and gas consuming companies and FCTR reclassified on the liquidation of businesses.
7Mainly relates to share of profits from ORYX GTL Limited and The Republic of Mozambique Pipeline Investment Company (Pty) Ltd.
82025 mainly related to Section 12L allowances claimed in South Africa relating to prior years.
9Relates mainly to Louisiana (US) tax rate reduction that was recently enacted.