Tag Archives: tobacco

Tax Rates 2015

Tax Rates 2015

On Wednesday, 25 February 2015, South Africans were told to prepare for higher taxes. The government’s annual budget indicated a 1% increase in personal income tax. Tax Rates for 2015 is as follows: Personal Tax Taxable Income Tax Payable R0 – R181 900 18% of each R1 taxable income R181 901 – R284 100 R32 742 + 26% of taxable income above R181 900 R284 101 – R393 200 R59 314 + 31% of taxable income above R284 100 R393 201 – R550 100 R93…

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