Taxopedia - User contributions [en-gb]

Tax Rates for Individuals 2009

Dimitri:

{|
! style="text-align:left;"| Band
! Base
! Percentage
|-
|R0 – R195 850 -->
|0 plus
|18% of taxable income
|-
|R195851 – R305 850 -->
|R35 253 plus
|26% of taxable income above R189 880
|-
|R305 851 – R423 300 -->
|R63 853 plus
|31% of taxable income above R296 541
|-
|R423 301 – R555 600 -->
|R100 263 plus
|36% of taxable income above R410 460
|-
|R555 601 – R708 310 -->
|R147 891 plus
|39% of taxable income above R555 600
|-
|R708 311 – R1 500 000 -->
|R207 448 plus
|41% of taxable income above R708 310
|-
|R1 500 001 and above-->
|R532 041 plus
|45% of taxable income above R1 500 000
|-
|}
==Tax threshold==
Income below which no tax is paid:
{|
! style="text-align:left;"| Band
! style="text-align:right;"|Threshold
|-
|Under 65 years of age
|style="text-align:right;" | R79 000
|-
|From 65 to 74 years of age
| style="text-align:right;" | R122 300
|-
|Over 74 years of age
| style="text-align:right;" | R136 750
|}
==Tax Rebates==
{|
|Primary Rebate for Individuals - R14 220
|-
|Secondary Rebate - Persons 65 years of age and older - R7 794
|-
|Tertiary Rebate - Persons 75 years of age and older- R2 601
|}

==Exempt Income==
===Taxable Interest===
#Under 65 years of age : R23 800
#65 years and older :R34 500

A portion of any '''foreign dividend''' is exempt which is determined by a formula dependent upon whether the recipient is a natural person, a deceased estate or a special trust.

==Deductions==
===Medical Expenses and Credits===
*Where taxpayer is under the age of 65
Members of a medical aid are granted a "tax credit" of '''R310 per month''' for the taxpayer and the first dependent and '''R209 per month''' for each dependent thereafter. An additional tax credit arises where all medical aid contributions (company and member) plus qualifying medical expenses exceeds four times the fixed tax credit above. In such cases, an additional credit arises if such expenses and contributions exceed 7.5% of the taxpayer's taxable income. The portion in excess of 7.5% of the taxpayer's taxable income shall rank as an additional "tax credit" to be offset against the tax payable on assessment.

*Where taxpayer is 65 years of age or older , or has a disabled dependent
Members of a medical aid are granted a "tax credit" of '''R310 per month''' for the taxpayer and the first dependent and '''R209 per month''' for each dependent thereafter. An additional tax credit arises where all medical aid contributions (company and member) plus qualifying medical expenses exceeds three times the fixed tax credit above. In such cases, an additional credit arises and is calculated at 33% of all medical aid contributions (company and member) plus qualifying medical expenses. The amount so calculated shall rank as an additional "tax credit" to be offset against the tax payable on assessment.

===Retirement Fund Contributions===
An employee's total contribution to all retirement funds are '''limited to 27.5%''' of remuneration or taxable income(excluding lump-sums received), whichever is greater but capped at an annual limit of R350 000.
Employers may make unlimited contributions to retirement fund's on behalf of employees, but these contributions are fringe benefits and are taxed in the hands of the employee as determined by a formula.

Transfers from fund to fund will have no tax consequences.

==Travelling allowances and Company Cars==
===Travelling Allowances===
Records distinguishing between business travel and total travel must be maintained by taxpayer's in order to claim a deduction against a travelling allowance. the rates allowed are set out below:
{|
! style="text-align:left;"| Vehicle value including VAT
! style="text-align:right;" | Fixed Cost (R)
! style="text-align:right;" | Fuel(c per km)
! style="text-align:right;" | Maintenance(c per km)
|-
|0 to 85 000
|style="text-align:right;" | R28 492
|style="text-align:right;" | 91.2
|style="text-align:right;" | 32.9
|-
|85 001 to 170 000
|style="text-align:right;" | R50 924
|style="text-align:right;" | 101.8
|style="text-align:right;" | 41.2
|-
|170 001 to 255 000
|style="text-align:right;" | R73 427
|style="text-align:right;" | 110.6
|style="text-align:right;" | 45.4
|-
|255 001 to 340 000
|style="text-align:right;" | R93 267
|style="text-align:right;" | 118.9
|style="text-align:right;" | 49.6
|-
|340 001 to 425 000
|style="text-align:right;" | R113 179
|style="text-align:right;" | 127.2
|style="text-align:right;" | 58.2
|-
|425 001 to 510 000
|style="text-align:right;" | R134 035
|style="text-align:right;" | 146.0
|style="text-align:right;" | 68.4
|-
|510 001 to 595 000
|style="text-align:right;" | R154 879
|style="text-align:right;" | 150.9
|style="text-align:right;" | 84.9
|-
|exceeding 595 000
|style="text-align:right;" | R154 879
|style="text-align:right;" | 150.9
|style="text-align:right;" | 84.9
|-

|}

[[Category:South African Normal Tax for Individuals]]

[[Media:Budget_2018_Pocket_Tax_Guide.pdf|Tax Guide 2019]]

Tax Rates for Individuals 2020

2024-02-01T18:32:47Z

Dimitri:

Tax Rates for Individuals 2021

2024-02-01T18:31:58Z

Dimitri: Created page with "Tax Guide 2021"

[[Media:Budget_Tax_Guide_2020.pdf ‎|Tax Guide 2021]]

Tax Rates for Individuals 2022

2024-02-01T18:31:22Z

Dimitri: Created page with " Tax Guide 2022"

[[Media:Budget_Tax_Guide_2021.pdf ‎|Tax Guide 2022]]

Tax Rates for Individuals 2023

2024-02-01T18:30:57Z

Dimitri: Created page with " Tax Guide 2023"

[[Media:Budget-Tax-Guide-2022.pdf ‎|Tax Guide 2023]]

Tax Rates for Individuals 2024

2024-02-01T18:30:24Z

Dimitri: Created page with "Tax Guide 2024"

[[Media:2023_Budget_Tax_Rates_guide.pdf ‎|Tax Guide 2024]]

South African Normal Tax Individuals

2024-02-01T18:17:09Z

Dimitri:

[[Tax Rates for Individuals 2024]]

[[Tax Rates for Individuals 2023]]

[[Tax Rates for Individuals 2022]]

[[Tax Rates for Individuals 2021]]

[[Tax Rates for Individuals 2020]]

[[Tax Rate for Individuals 2019]]

[[Tax Rate for Individuals 2018]]

[[Tax Rates for Individuals 2017]]

[[Tax Rates for Individuals 2016]]

[[Tax Rates for Individuals 2015]]

[[Tax Rates for Individuals 2014]]

[[Tax Rates for Individuals 2013]]

[[Tax Rates for Individuals 2012]]

[[Tax Rates for Individuals 2011]]

[[Tax Rates for Individuals 2010]]

[[Tax Rates for Individuals 2009]]

[[Tax Rates for Individuals 2008]]
[[Category:South African Normal Tax for Individuals]]

South African Normal Tax Individuals

2024-02-01T18:16:14Z

Dimitri:

[[Tax Rates for Individuals 2020]]

[[Tax Rate for Individuals 2019]]

[[Tax Rate for Individuals 2018]]

[[Tax Rates for Individuals 2017]]

[[Tax Rates for Individuals 2016]]

[[Tax Rates for Individuals 2015]]

[[Tax Rates for Individuals 2014]]

[[Tax Rates for Individuals 2013]]

[[Tax Rates for Individuals 2012]]

[[Tax Rates for Individuals 2011]]

[[Tax Rates for Individuals 2010]]

[[Tax Rates for Individuals 2009]]

[[Tax Rates for Individuals 2008]]
[[Category:South African Normal Tax for Individuals]]

2024-02-01T16:59:40Z

Dimitri:

2021
INCOME TAX: COMPANIES - Rate of Tax 28%

INCOME TAX: SMALL BUSINESS CORPORATIONS
Financial years ending on any date between 1 April 2020 and 31 March 2021
{| class="wikitable" style="margin:auto"
|+ SMALL BUSINESS CORPORATIONS
|-
! Taxable Income (R) !! Rate of Tax
|-
| 0 - 83 100 || 0%
|-
| 83 101 - 365 000 || 7% of the amount above 83 100
|-
| 365 001 - 550 000 || 19 733 + 21% of the amount above 365 000
|-
| 550 001 and above || 58 583 + 28% of the amount above 550 000
|}

[[Media:Budget_Tax_Guide_2020.pdf ‎|Tax Guide 2021]]