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BUDGET SPEECH 2020/21 TAX YEAR

BUDGET SPEECH 2020/21 TAX YEAR

INDIVIDUALSThe maximum marginal rate for natural persons remains at 45% and is reached when taxable income exceeds R1 577 300 (previously R1,5 million).The minimum rate of tax remains at 18% on taxable income not exceeding R205 900 (previously R195 850).The primary...