On this basis, it becomes clear that bracket creep affects just that portion of income that strays into a higher tax bracket. So a person earning R100 over the next tax bracket will only be taxed ...

They would therefore fall into the higher tax bracket. South African Revenue Service (SARS) officials briefed the parliamentary committee yesterday on the proposed changes. The first R300000 would ...

The 2023/24 tax ... the brackets were not adjusted, revenue would have increased by about R15.7 billion. "Relief mainly benefits middle-income households," it reads. Meanwhile, the South African ...

South Africans who earn more than R1.5 million a year will form part of a new tax bracket who will add an addition R16.5 billion to the fiscus, finance minister Pravin Gordhan announced.