2020/21 RATES OF TAX FOR INDIVIDUALS

sarstaxes

If your earnings for a given tax year are above the tax threshold, you are obliged by law to register for income tax.
You must register for income tax, if you are an individual:

For the 2018 year of assessment (1 March 2017 – 28 February 2018)
  • R70 700 if you are younger than 65 years.
  • If you are 65 years of age or older, the tax threshold (i.e. the amount above which income tax becomes payable) increases to R110 200.
  • For taxpayers aged 75 years and older, this threshold is R123 350.

For the 2014 year of assessment (1 March 2013 – 28 February 2014)

  • R67 111 if you are younger than 65 years.
  • If you are 65 years of age or older, the tax threshold (i.e. the amount above which income tax becomes payable) increases to R104 611.
  • For taxpayers aged 75 years and older, this threshold is R117 111.

RATES OF TAX FOR INDIVIDUALS

2020 tax year (1 March 2019 – 29 February 2020) – No changes from the previous year

Taxable income (R) Rates of tax (R)
1 – 216 200 18% of taxable income
216 201 – 337 800 38 916 + 26% of taxable income above 216 200
337 801 – 467 500 70 532 + 31% of taxable income above 337 800
467 501 – 613 600 110 739 + 36% of taxable income above 467 500
613 601 – 782 200 163 335 + 39% of taxable income above 613 600
782 201 – 1 656 600 229 089  + 41% of taxable income above 782 200
1 656 601 and above 587 593 + 45% of taxable income above 1 656 600

Tax Rebates – see changes from previous year

Tax Rebate Tax Year
2022 2021 2020 2019 2018 2017
Primary R15 714 R14 958 RR14 220 R14 067 R13 635 R13 500
Secondary (65 and older) R8 613 R8 199 R7 794 R7 713 R7 479 R7 407
Tertiary (75 and older) R2 871 R2 736 R2 601 R2 574 R2 493 R2 466

 

Tax Thresholds – see changes from previous year

            Age                     Tax Year
2022 2021 2020 2019 2018   2017
Under 65 R87 300 R83 100 R79 000 R78 150 R75 750 R75 000
65 an older R135 150 R128 650 R122 300 R121 000 R117 300 R116 150
75 and older R151 100 R143 850 R136 750 R135 300 R131 150 R129 850

 






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