Transcription of TAX GUIDE - National Treasury
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TAX GUIDE - National Treasury
TAX GUIDEBUDGET 2017T his SARS pocket tax GUIDE has been developed to provide a synopsis of the most important tax, duty and levy related information for 2017 TAX: INDIVIDUALS AND TRUSTSTax rates for the period from 1 March 2017 to 28 February 2018 Individuals and special trustsTaxable Income (R)Rate of Tax (R)0 189 88018% of taxable income189 881 296 54034 178 + 26% of taxable income above 189 880296 541 410 46061 910 + 31% of taxable income above 296 540410 461 555 60097 225 + 36% of taxable income above 410 460555 601 708 310149 475 + 39% of taxable income above 555 600708 311 1 500 000209 032 + 41% of taxable income above 708 3101 500 001 and above533 625 + 45% of taxable income above 1 500 000 Trusts other than special trusts Rate of Tax 45%Tax Rebates and Tax ThresholdsRebatesPrimaryR13 635 Secondary (Persons 65 and older)R7 479 Tertiary (Persons 75 and older)R2 493 AgeTax ThresholdBelow age 65 R75 750 Age 65 to below 75R117 300 Age 75 and overR131 150 Provisional TaxA provisional taxpayer is any person who earns income other than remuneration from a registered employer or an allowance or advance payable by the person s principal.
TAX GUIDE BUDGET 2017 T his SARS pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related information for 2017/18. INCOME TAX…
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