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SARS Tax Brackets: All You Need to Know About it

SARS Tax brackets is a kind of tool used as a parameter to point the rate of each contributor in the portions of their income.

For this, some factors such as salary, income type, age, etc. are considered.

If you are a resident worker in South Africa, you are subordinate to SARS, which is the country’s income tax system.

Thus, all residents living and working in South Africa are able to pay income tax.

However, the amount to be paid will depend on your monthly revenue.

For more information regarding tax brackets and understand its operation, continue reading below:

What is Tax Brackets?

The South African tax brackets is related to the percentage of tax that each taxpayer must pay.

Thus, based on the personal information of each taxpayer, the percentage of the worker who will be destined to pay the income tax is calculated.

In this country, a system based on the permanence of citizens is used to charge the said tax.

It is common that currently the tax bracket suffers readjustment.

If we consider income tax brackets 2018, for example, we will see that this differs from previous years.

This procedure is so that factors such as inflation do not remain outside the calculation.

Information About Tax Brackets

Through its website, SARS provides information regarding tax brackets South Africa.

This way, you can check the full table of tax rates proportional to your salary and your age.

In addition, on the website you can find all the information to:

  • Rates of Tax for Individuals
  • Companies, Trusts and Small Business Corporations (SBC)
  • Interest and Dividends
  • Retirement Fund Lump Sum Benefits
  • Capital Gains Tax (CGT)
  • Medical Tax Credit Rates

The fiscal period, also known as tax years are:

  • 2020 tax year is 1 March 2019 – 29 February 2020
  • 2019 tax year is 1 March 2018 – 28 February 2019
  • 2018 tax year is 1 March 2017 – 28 February 2018
  • 2017 tax year is 1 March 2016 – 28 February 2017
  • 2016 tax year is 1 March 2015 – 29 February 2016
  • 2015 tax year is 1 March 2014 – 28 February 2015
  • 2014 tax year is 1 March 2013 – 28 February 2014

How to View Income Tax Brackets?

As mentioned, the SARS website offers tax brackets to anyone who wants to access it.

You may have access to the year you want, such as tax brackets 2017 or tax brackets 2018 South Africa, provided that from 2013.

To do this, just follow the instructions below:

  • Access the SARS website;
  • Click on the Tax Rates tab, available in the top black menu;
  • Choose the type of tax you wish to access, including: Income Tax, Employers, Transfer Duty, Turnover Tax, Donations Tax, Estate Duty, Royalties, Securities Transfer Tax (STT), Tax on International Air Travel;
  • Then click on the profile you fit and then you will have access to the SA tax brackets.

Tax Brackets South Africa 2019

As in the most countries that require tax control, in South Africa the collection of income tax is progressive and proportional to the salary of taxpayers.

See below income tax in brackets South Africa for 2019.

  • Up to R195,850: 18% of taxable income;
  • R195,851–R305,850: 26% (R35,253 plus 26% of taxable income above R195,850);
  • R305,851–R423,300: 31% (R63,853 plus 31% of taxable income above R305,850);
  • R423,301–R555,600: 36% (R100,263 plus 36% of taxable income above R423,300);
  • R555,601–R708,310: 39% (R147,891 plus 39% of taxable income above R555,600);
  • R708,311+: 41% (R207,448 plus 41% of taxable income above R708,310);
  • R1,500,001+: 45% (R532,041 plus 45% of taxable income above R1,500,000);