Personal Income Tax South Africa
Personal Income tax is the normal tax you pay on your taxable income received for a tax year of assessment. Income tax in South Africa is levied based on the income tax table that is released each year. Your personal income tax rate will thus largely be determined by the tax tables and rebates/allowances you are entitled to.
How to reduce personal income tax in South Africa
To reduce your personal income tax, you would need to ensure you have good record-keeping and also a good tax accountant to help you with tax preparation and planning.
To reduce your personal income tax, you should use your tax rebates that you are entitled to.
These are not cash payouts but rather a rebate of tax you would have paid and thus resulting in a benefit to you.
Frequently asked questions:
Who is it for
If you earn income above the income tax threshold, then you must register for personal income tax. Submissions are made on an annual basis for personal income tax returns.
Dependent on your income streams you might also be liable to submit provisional tax returns.
When must you register as a taxpayer for personal income tax
Personal Income Tax registration becomes compulsory once you know you will exceed the personal income tax threshold.
Registration of income tax is relatively fast. Setting up your profile and signing up with a tax consultant can take some time to finalize.
If you think you'll need to register for personal income tax, it's best to do it early before tax season.
What are the personal income tax brackets
Personal income tax brackets in South Africa have been designed to levy tax at higher scales as the individual earns more. The percentage levied and then capping it at 45% in terms of increasing scale. the more an individual earns.
What are the personal income tax codes
Personal Income Tax Codes are codes assigned to various types of earnings and deductions. These codes are what split the tax revenue up into sections that can be analyzed on a national basis.
To obtain a list of these codes go to -
When is personal income tax season
Income Tax Season generally opens early July each year. It closes towards the end of October for non-provisional taxpayers and closes towards the end of January for provisional taxpayers.
Where can I get personal income tax calculators
The personal tax tables are released each year and published on SARS Website.
Income Tax Scales 2024
Income Tax Scales 2023
Income Tax Scales 2022
Income Tax Scales 2021
Income Tax Scales 2020
How can I meet with SARS
You can use the following channels:
- SARS Mobiapp from your mobile device
- Visit a branch
- SARS online bookings
- Use the services of a registered tax practitioner to assist you
Where can I find my Personal Income Tax Number or Tax Reference Number
See our Blog on this topic - How to get your SARS Tax Number
In the above post you will find the details to register on efiling, sms to sars, or sending sms to sars on 47277
Do you need our help with your Personal Income Tax
Contact our team via any of the following channels to get a proposal for your accounting and tax services:
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