Income tax is necessary to keep the country's economy going, playing a vital role in funding government operations, including ...

South Africans looking forward to a nice salary hike in 2025 should sit and crunch the numbers to see if they won’t be losing ...

Sars has revised its revenue estimate for the 2024/25 fiscal year to R1. 846 trillion, reflecting a slight increase from last ...

SARS commissioner Edward Kieswetter has accepted the revised revenue estimate presented by Finance Minister Enoch Godongwana.

South African taxpayers are at their limit, and any more tax measures are likely to see them push back, defeating the entire ...

According to last year’s Budget Review, only 7.1 million South Africans pay personal income tax out of a population of 62 million.

Tax bracket creep occurs when your salary increases due to inflation, but tax brackets are not adjusted accordingly. As a ...

South Africa's finance minister ... proposals of a year ago. In the 2024 budget, all the additional revenue was to come from a "stealth tax" on personal income. Because personal income tax ...

The postponement of South Africa ... the South African Revenue Service’s 2024 tax statistics report, an estimated 2.6% of South Africa’s population pay 76.2% of all personal income tax.

South Africa’s finance minister ... proposals of a year ago. In the 2024 budget, all the additional revenue was to come from a “stealth tax” on personal income. Because personal income ...