Use our free online sars income tax calculator to work out how much your monthly salary will be taxed for 2018/2019 based on the new budget in south africa - calculate the tax for your age, personal income bracket & deductions based on your retirement contributions, medical aid expenses. A simple income tax / net income calculator for south africans try the south africa tax calculator calculate the amount of tax that you need to pay on your monthly income along with your take home pay and easily compare it to previous years. Projected constituents of south african taxation receipts for the tax year 2012–2013 taxation in south africa may involve payments to a minimum of two different levels of government: central government through the south african revenue service (sars) or to local government. Africa 2013 a quick guide to oil and gas tax regimes in some of africa’s fastest growing countries south africa 8 angola pwc oil and gas tax guide for africa 2013 angola taxation regime petroleum income tax pit is payable, per development area, on profit oil attributed to each oil company, less. East africa tax guide 2013/2014 december 2013 although we have taken reasonable care in compiling the publication, we do not accept ay responsibilities for any errors or 14 pwc doing business: know your taxes 2013/14 doing business: know your taxes 2013/14 doing business: know your taxes 2013/14 doing business: know your taxes 2013/14 25.
Tax guide 2017/2018 pkf international limited is a family of legally independent member firms, providing high quality audit, accounting, tax and business advisory services to international and domestic pkf south africa inc is a member firm of the pkf international limited family of. (effective 1 july 2013) dividends foreign dividends are currently subject to income tax in the hands of a south african shareholder, but exempt if the shareholder holds at least 10% of the equity shares and voting rights in the foreign company declaring the quick tax guide 2013/14 simplicity from complexity 5. The pkf worldwide tax guide 2013 (wwtg) is an annual publication that provides an overview of the taxation and business regulation regimes of the world’s most significant trading countries.
Thesouthafricancom is all about south africa and the stories that affect south africans, wherever they are in the world we’re in independent no agenda no bias. Tax guide on the deduction of medical, physical impairment and disability expenses - issue 3 i tax guide on the deduction of medical, physical impairment and disability expenses (issue 3) ii tax guide on the deduction of medical, physical impairment and disability expenses - issue 3 iii south african revenue service date of first issue. Author: sars legal and policy the national treasury and sars jointly publish tax statistics annually these aggregated statistics are compiled from sars’s registers of taxpayers and from tax returns these statistics complement other published social and economic data the statistics are finding wide use within government, business, academia and non-governmental organisations. 2015 tax year is 1 march 2014 – 28 february 2015 2014 tax year is 1 march 2013 – 28 february 2014 in this section you can find a list of tax rates for the past five years for. Tax guide on the deduction of medical expenses i tax guide on the deduction of medical expenses another helpful guide brought to you by the south african revenue service wwwsarsgovza ii tax guide on the deduction of medical expenses south african revenue service tax guide on the deduction of medical expenses (issue 2.
The following shareholders are exempt from dividends tax: south african resident companies, the government, pbo’s, certain exempt bodies, closure amounts deductible from the tax payable 2013 2014 persons under 65 r11 440 r12 080 persons 65 and under 75 r17 830 r18 830. Tax information . The primary and additional age rebate is available to all south african individual taxpayers the rebate is not reduced where a person has taxable income for less than the standard south african tax year. South african revenue service taxation in south africa 2013/14 another helpful guide brought to you by the south african revenue service taxation in south africa 2013/14 i the information in this guide concerning value added tax and other taxes, duties, levies and.
This booklet as a guide, but that you consult us before taking any decisions based on the information contained herein ©2013 pricewaterhousecoopers (“pwc”), the south african firm. Tax guide for small businesses 2013/14 another helpful guide brought to you by the south african revenue service this guide while the tax consequences of conducting business through each type of entity will be an important element in making a decision. Tax guide 2011/12 2 budget proposals individual tax tax brackets the primary rebate has been increased from r10,260 to r10,755 a year for all individuals the secondary rebate has increased from r5,675 to r6,012 south african branch of foreign company 33% 33.
Dividends are tax exempt if the beneficial owner of the dividend is a south african company, retirement fund or other exempt person the tax is to be withheld by companies paying the taxable dividends or by regulated intermediaries in the case of dividends on listed shares. Budget tax guide for 2017 (for the 2018 year of assessment – 1 mar 2017 – 28 feb 2018) budget tax guide for 2018 (for the 2019 year of assessment – 1 mar 2018 – 28 feb 2019) download and print the sars logbook for personal use or for your business fuel records. Absent from south africa for at least 183 days during the 12 month tax guide budget 2013 ú acquired by the employer under an operating lease the taxable value is cost incurred by the employer under the operating lease plus the cost of fuel. 2 2014/2015 budget highlights personal income tax relief amounts to r9 25 billion about 40 per cent of the relief goes to south africans earning below r250 000 per year tax preferred savings accounts to be made available further tax exemptions.
A tax rebate is a portion of the tax you owe that sars actually gives back, but in reality the amount is taken off the tax owing 2013 primary - all natural persons. How is interest paid to a non-resident from a south african source taxed as from 1 march 2015 interest from a south african source paid to a non-resident will be taxed at a final withholding tax rate of 15. From 1 april 2012 dividends received from domestic companies are subject to a final withholding tax of 15% but are exempt from normal tax only 375% (366% from 1 march 2015) of dividends from foreign companies are included in individuals' taxable income, so the maximum effective rate on these dividends is 15.
A south african (sa)-resident company is subject to corporate income tax (cit) on its worldwide income, irrespective of source non-residents are taxable on sa-source income in south africa, the cit rate applicable for corporate income of both resident and non-resident companies for tax years ending between 1 april 2018 and 31 march 2019 is a. South african income tax rates from 1981 to 2011 more recent rates are found on the current rates page individuals putting this table together involved delving into a history of multiple rebates, capped variable rebates with deemed minimums, multiple tax tables, discrimination on the basis of race, and discrimination on the basis of marital status. Tax guide and worldwide vat, gst and sales tax guide, as well as other tax guides and publications, are available on eycom and can be downloaded from the app store to your tablet.