Archive for March, 2016

Individuals and Special Trusts

Taxable Income (R)Rate of Tax (R)
0 – 188 00018% of taxable income
188 001 – 293 60033 840 + 26% of taxable income above 188 000
293 601 – 406 40061 296 + 31% of taxable income above 293 600
406 401 – 550 10096 264 + 36% of taxable income above 406 400
550 101 – 701 300147 996 + 39% of taxable income above 550 100
701 301 and above206 964 + 41% of taxable income above 701 300

Trusts other than special trusts: rate of tax 41%

Tax rebates and tax thresholds
Rebates
PrimaryR13 500
Secondary (persons 65 and older)R7 407
Tertiary (persons 75 and older)R2 466
AgeTax Threshold
Below age 65R75 000
Age 65 to below 75R116 150
Age 75 and overR129 850
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