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Tax Season 2020 for Individuals

The 2020 Tax Season for Individuals is now open.
The deadlines are:
​Channel ​Deadline Type of Taxpayer​​
Manual – post or at SARS branch drop boxes​ ​31 October 2020 ​Non-provisional and provisional
eFiling or electronic filing at SARS branch ​ ​4 December 2020 ​Non-provisional
eFiling​ ​31 January 2021 ​Provisional

 

Small Business Tax Rates 2020

Applicable Tax rates

SBC tax rates for financial years ending on any date between 1 April 2019 and 31 March 2020 – See changes from last year:
Taxable income (R) ​Rate of tax (R)
0 – 79 000 0%
79 001 – 365 000 7% of taxable income above 79 000
​365 001 – 550 000 20 020 + 21% of taxable income above 365 000
​550 001 and above 58 870 + 28% of taxable income above 550 000
SBC tax rates for financial years ending on any date between 1 April 2018 and 31 March 2019 – See changes from last year:
Taxable income (R) ​Rate of tax (R)
0 – 78 150 0%
78 151 – 365 000 7% of taxable income above 78 150
​365 001 – 550 000 20 080 + 21% of taxable income above 365 000
​550 001 and above 58 930 + 28% of taxable income above 550 000
 SBC tax rates for financial years ending on any date between 1 April 2017 and 31 March 2018:
Taxable income (R)​ Rate of Tax (R)​
0 – 75 750 0% of taxable income
75 751 – 365 000 7% of taxable income above 75 750
365 001 – 550 000 20 248 + 21% of taxable income above 365 000
550 001 and above 59 098 + 28% of taxable income above 550 000

  

SBC tax rates for financial years ending on any date between 1 April 2016 and 31 March 2017:
​Taxable income (R) ​Rate of tax (R)
0 – 75 000​ ​0%
​75 001 – 365 000 ​7% of the amount above 75 000
​365 001 – 550 000 ​20 300 + 21% of the amount above 365 000
​550 001 and above ​59 150 + 28% of the amount above 550 000

 

Do I need to pay tax

People who pay income tax are generally individuals who earn an income e.g. from a salary, commission, fees, etc.

If you earn under R500 000 for a full year from only one employer (that’s your total salary income before tax) and have no other sources of additional income (for example, interest or rental income) and no deductions that you want to claim (for example medical expenses, travel or retirement annuities), then you don’t need to submit a return.

Beware of Scams

Do not fall victim to tax identity fraud – protect your taxpayer information, banking details, login name and password at all times.

Be aware of people who offer to complete your tax return and promise you that they can get you a refund. Only deal with registered tax practitioners. If you make deals with people who claim that they can get you a refund, you are also guilty of breaking the law.

Top tip: SARS will never request your banking or personal details in any correspondence that you receive via post, email or SMS. SARS will also not send you correspondence with hyperlinks to other websites.