Tax Thresholds(point at which normal tax becomes payable) | ||
Taxable income (Rand) | ||
2020 | 2019 | |
Persons under 65 | 79 000 | 78 150 |
Persons 65 and under 75 | 122 300 | 121 000 |
Persons 75 and above | 136 750 | 135 300 |
Rates of normal tax | |
Natural persons and special trusts – 2020 | |
Taxable income | Rates of tax |
R0 – R195 850 | 18% of taxable income |
R195 851 – R305 850 | R35 253 + 26% of taxable income exceeding R195 850 |
R305 851 – R423 300 | R63 853 + 31% of taxable income exceeding R305 850 |
R423 301 – R555 600 | R100 263 + 36% of taxable income exceeding R423 300 |
R555 601 – R708 310 | R147 891 + 39% of taxable income exceeding R555 600 |
R708 311 – R1 500 000 | R207 448 + 41% of taxable income exceeding R708 310 |
R1 500 001 and above | R532 041 + 45% of taxable income exceeding R1 500 000 |
Tax Thresholds(point at which normal tax becomes payable) | ||
Taxable income (Rand) | ||
2020 | 2019 | |
Persons under 65 | 79 000 | 78 150 |
Persons 65 and under 75 | 122 300 | 121 000 |
Persons 75 and above | 136 750 | 135 300 |
Rates of normal tax | |
Natural persons and special trusts – 2020 | |
Taxable income | Rates of tax |
R0 – R195 850 | 18% of taxable income |
R195 851 – R305 850 | R35 253 + 26% of taxable income exceeding R195 850 |
R305 851 – R423 300 | R63 853 + 31% of taxable income exceeding R305 850 |
R423 301 – R555 600 | R100 263 + 36% of taxable income exceeding R423 300 |
R555 601 – R708 310 | R147 891 + 39% of taxable income exceeding R555 600 |
R708 311 – R1 500 000 | R207 448 + 41% of taxable income exceeding R708 310 |
R1 500 001 and above | R532 041 + 45% of taxable income exceeding R1 500 000 |
-Tax Thresholds(point at which normal tax becomes payable) | ||
Taxable income (Rand) | ||
2020 | 2019 | |
Persons under 65 | 79 000 | 78 150 |
Persons 65 and under 75 | 122 300 | 121 000 |
Persons 75 and above | 136 750 | 135 300 |
Rates of normal tax | |
Natural persons and special trusts – 2020 | |
Taxable income | Rates of tax |
R0 – R195 850 | 18% of taxable income |
R195 851 – R305 850 | R35 253 + 26% of taxable income exceeding R195 850 |
R305 851 – R423 300 | R63 853 + 31% of taxable income exceeding R305 850 |
R423 301 – R555 600 | R100 263 + 36% of taxable income exceeding R423 300 |
R555 601 – R708 310 | R147 891 + 39% of taxable income exceeding R555 600 |
R708 311 – R1 500 000 | R207 448 + 41% of taxable income exceeding R708 310 |
R1 500 001 and above | R532 041 + 45% of taxable income exceeding R1 500 000 |
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