Income Brackets South Africa

Many south africans find it surprising to find out where they lie on the country s income distribution curve says the southern africa labour and development research unit saldru at the university of cape town.

Income brackets south africa. Income inequality in south africa. The unit created an online tool to help south africans. Taxable income r rates of tax r 1 205 900. Earnings received from employment income self employed trade rental income investment income and pension income are subject to income tax.

Report 03 10 06 poverty trends in south africa. The latest tax brackets south africa released is all encompassing and it is explicit enough to encourage everyone within the bracket to carry out their civic duties. Income tax rates in south africa. 321 601 445 100.

2017 2018 tax tables 2018 2019 tax tables 2020 2021 tax tables 2021 2022 tax tables. Wages in south africa decreased to 21455 zar month in the second quarter of 2020 from 22387 zar month in the first quarter of 2020. Income tax brackets in south africa are progressive like elsewhere where you pay a higher income tax rate the more you earn. Wages in south africa averaged 14015 98 zar month from 2004 until 2020 reaching an all time high of 22500 zar month in the fourth quarter of 2019 and a record low of 6742 zar month in the first quarter of 2005.

You are viewing the income tax rates thresholds and allowances for the 2020 tax year in south africa. This page provides south africa total quarterly. Self employed people pay income tax at the same levels as employees in south africa. An examination of absolute poverty between 2006 and 2011.

In south africa economist justin visagie describes the middle class as a household of four persons with a total income of between r5 600 and r40 000 per month after direct income tax. 18 of taxable income. Income tax rates in south africa. 37 062 26 of taxable income above 205 900.

The income tax brackets in south africa for 2020 1 march 2019 29 february 2020 are as follows. If you are looking for an alternative tax year please select one below. As you can see a relatively modest salary in south africa based on the salaries of two working people based in a major city would still put that. However in case you need anything clarified as touching the payment you can visit any office of the south african revenue service sars that is close to you.

18 of taxable income. South africa is one of the most unequal countries in the world with over 50 of the country estimated to be chronically poor.