TAX Highlights – 2012 /13: Budget speech 22 February 2012
The following are the main taxation implications from the Finance Minister’s speech on the 22nd February.
- 1. Tax thresholds:
Have increased as follows:
- < 65 years of age: R 63,556
- > 65 and < 75 years of age: R 99,056
- > 75 years of age: R 110,889
In other words, any taxable income of less than the above thresholds will result in the individual not being liable for any taxation.
- Dividend withholding tax (DWT):
Effective 1 April 2012, at ...
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