Budget Speech 2012-2013 and new tax tables

Feb 22 2012

The 2012/2013 Budget Speech was presented by the Minister of Finance, Pravin Gordhan on Wednesday, 22 February 2012. See the attached SARS pocket tax guide which has been developed to provide a synopsis of the most important tax, duty and levy related information.

Below are the 2012/2013 tax tables that will be incorporated into PeopleWare:

Individuals and special trusts

Taxable Income	Rate of Tax (R)
0 - 160 000	18% of taxable income
160 001 - 250 000	28 800 + 25% of taxable income above 160 000
250 001 - 346 000	51 300 + 30% of taxable income above 250 000
346 001 - 484 000	80 100 + 35% of taxable income above 346 000
484 001 - 617 000	128 400 + 38% of taxable income above 484 000
617 001 and above	178 940 + 40% of taxable income above 617 000