SARS – Rates of Tax for Individuals

2018-05-27T17:59:50+00:00May 27, 2018|General|

Each year, the South African Revenue Service (SARS) releases a set of tax tables to assist you in calculating your tax liability from your taxable income. What is my taxable income? Your taxable income is not necessarily a tax you are only liable to pay on a salary or wage. You may also be [...]

Tax Brackets – Income Tax Tables 2016

2016-03-16T06:43:56+00:00March 16, 2016|General|

With many people holding their breath for February's Budget, it came as a relief when the South African Finance Minister revealed almost no increases to personal taxation rates and even a decrease for lower and middle-income brackets. Corporate tax also remained the same at a rate of 28%. Calculate Income Tax To calculate the [...]