1. INDIVIDUALS The maximum marginal rate for natural persons remains at 40% and is reached when taxable income exceeds R673 100 (previously R638 600). The minimum rate of tax remains at 18% on taxable income not exceeding R174 550 (previously R165 000). The primary rebate for all natural persons has been increased to R12 726 (previously R12 080). … Continue reading 2014 Budget in a Nutshell
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