Tax Rate for Individuals 2018 - Revision history

Dimitri at 18:34, 1 February 2024

2024-02-01T18:34:13Z

Dimitri at 06:27, 8 July 2018

2018-07-08T06:27:04Z

Dimitri at 16:42, 6 July 2018

2018-07-06T16:42:52Z

Dimitri at 07:49, 5 July 2018

2018-07-05T07:49:47Z

Dimitri at 16:05, 4 July 2018

2018-07-04T16:05:57Z

Dimitri: Tax Rate for Individuals 2018

2018-07-04T16:05:38Z

Tax Rate for Individuals 2018

Dimitri: Created page with "Taxable income Rate of tax R0 – R189 880 18% of taxable income R189 881 – R296 540 R34 178 + 26% of taxable income above R189 880 R296 541 – R410 460 R61 910 + 31% o..."

2018-07-04T15:57:22Z

Created page with "Taxable income Rate of tax R0 – R189 880 18% of taxable income R189 881 – R296 540 R34 178 + 26% of taxable income above R189 880 R296 541 – R410 460 R61 910 + 31% o..."

New page

Taxable income Rate of tax
R0 – R189 880 18% of taxable income
R189 881 – R296 540 R34 178 + 26% of taxable income above R189 880
R296 541 – R410 460 R61 910 + 31% of taxable income above R296 540
R410 461 – R555 600 R97 225 + 36% of taxable income above R410 460
R555 601 – R708 310 R149 475 + 39% of taxable income above R555 600
R708 311 – R1 500 000 R209 032 + 41% of taxable income above R708 310
R1 500 001 and above R533 625 + 45% of taxable income above R1 500 000

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	[[Category:South African Normal Tax for Individuals]]		[[Category:South African Normal Tax for Individuals]]
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		+	[[Media:Budget-2017.pdf\|Tax Guide 2018]]

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 *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 '''R286 per month''' for the taxpayer and the first dependent and '''R192 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.
+Members of a medical aid are granted a "tax credit" of '''R303 per month''' for the taxpayer and the first dependent and '''R204 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===

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

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← Older revision		Revision as of 16:05, 4 July 2018
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−	~~+ 39% of taxable income above~~
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	{\|		{\|

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-Taxable income 	Rate of tax
-R0 – R189 880 	18% of taxable income
+ 	 + 39% of taxable income above
-R189 881 – R296 540 	R34 178 + 26% of taxable income above R189 880
-R296 541 – R410 460 	R61 910 + 31% of taxable income above R296 540
-R410 461 – R555 600 	R97 225 + 36% of taxable income above R410 460
-R555 601 – R708 310 	R149 475 + 39% of taxable income above R555 600
+{|
-R708 311 – R1 500 000 	R209 032 + 41% of taxable income above R708 310
+! style="text-align:left;"| Band
-R1 500 001 and above 	R533 625 + 45% of taxable income above R1 500 000
+! Base