RSA: Tax Related Changes
Tax Table Changes 2019/2020
The Tax Rates are applied retrospectively to 1 March 2019, according to the Budget Speech on 21 February 2019.
|
Taxable Income (R) |
Fixed Amount |
Rate of Tax (R) |
|---|---|---|
|
0 – 195 850 |
0 |
18% of taxable income |
|
195 851 – 305 850 |
35 253 + |
26% of taxable income above 195 850 |
|
305 851 – 423 300 |
63 853 + |
31% of taxable income above 305 850 |
|
423 301 – 555 600 |
100 263 + |
36% of taxable income above 423 300 |
|
555 601 – 708 310 |
147 891 + |
39% of taxable income above 555 600 |
|
708 311 – 1 500 000 |
207 448 + |
41% of taxable income above 708 310 |
|
1 500 001 and above |
532 041 |
45% of taxable income above 1 500 000 |
|
Tax Rebates |
||
|
Primary |
14 220 |
|
|
Secondary (Persons 65 and Older) |
7 794 |
|
|
Tertiary (Persons 75 and Older) |
2 601 |
|
|
Age Tax Thresholds |
||
|
Below age 65 |
79 000 |
|
|
Age 65 to below 75 |
122 300 |
|
|
Age 75 and over |
136 750 |
|
|
Personal Service Providers - Companies |
28% |
|
|
Personal Service Providers – Trusts |
45% |
|
|
Medical Aid Tax Credit |
||
|
Main Member |
310 |
|
|
First Dependant |
310 |
|
|
Additional Dependants |
209 |
|
You can view the Statutory Rates of Tax by clicking on the <Tax Rate> button on any Employee’s Tax Screen.
The Tax Deduction Tables are also applied to R.S.A. Dormant Companies that are in the 2019/2020 Tax Year.
Tax Changes Not Affecting the Payroll
Subsistence Allowances and Advances
Where the recipient is obliged to spend at least one night away from his/her usual place of residence on business and the accommodation to which that allowance or advance is granted to pay for:
- meals and incidental costs, an amount of R435 per day is deemed to have been expended;
- incidental costs only, an amount of R134 for each day.
The rate for foreign travel will be gazetted soon and can be found on www.sars.gov.za under the Legal Counsel tab.
Table for Calculation of Rate per km\Travel Allowance
|
Value of the Vehicle (Including VAT) (R) |
Fixed Cost (R p.a.) |
Fuel Cost (c/km) |
Maintenance Cost (c/km) |
|---|---|---|---|
|
0 – 85 000 |
28 352 |
95.7 |
34.4 |
|
85 001 – 170 000 |
50 631 |
106.8 |
43.1 |
|
170 001 – 255 000 |
72 983 |
116.0 |
47.5 |
|
255 001 – 340 000 |
92 683 |
124.8 |
51.9 |
|
340 001 – 425 000 |
112 443 |
133.5 |
60.9 |
|
425 001 – 510 000 |
133 147 |
153.2 |
71.6 |
|
510 001 – 595 000 |
153 850 |
158.4 |
88.9 |
|
Exceeding 595 000 |
153 850 |
158.4 |
88.9 |
Prescribed Rate for Reimbursive Kilometres
The SARS prescribed rate per kilometre remained unchanged at R3.61.