Income Tax: Individuals And Trusts

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Income Tax Individuals And Trusts
Tax Rebates  
Primary R14 958
Secondary (Persons 65 and older) R8 199
Tertiary (Persons 75 and older) R2 736
Age Tax Threshold  
Below age 65 R83 100
Age 65 to below 75 R128 650
Age 75 and older R143 850

Medical and disability expenses

Monthly contributions to medical schemes (a taxrebate referred to as a medical scheme fees taxcredit) by the individual who paid the contributionsup to R319 for each of the first two personscovered by those medical schemes, and R215 foreach additional dependant; and in the case of  an individual who is 65 years and older, or if an individual,his or her spouse, or his or her child is a person witha disability, 33.3% of the sum of qualifying medicalexpenses paid and borne by the individual, and anamount by which medical scheme contributions paid bythe individual exceed three times the medical schemefees tax credits for the tax year; orany other individual, 25% of an amount equal to thesum of the qualifying medical expenses paid and borneby the individual, and an amount by which medicalscheme contributions paid by the individual exceedfour times the medical scheme fees tax credits for thetax year, limited to the amount which exceeds 7.5% oftaxable income (excluding retirement fund lump sumsand severance benefits).​

Travel Allowance

80% of the travelling allowance must be included in the employee’s remuneration for the purposes of calculating PAYE. The percentage is reduced to 20% if the employer is satisfied that at least 80% of the use of the motor vehicle for the tax year will be for business purposes.

Employer-owned vehicles

The taxable value is 3.5% of the determined value (thecash cost including VAT) of each vehicle per month.Where the vehicle is:The subject of a maintenance plan when the employeracquired the vehicle the taxable value is 3,25% of thedetermined value; or acquired by the employer under an operating lease, thetaxable value is the cost incurred by the employer underthe operating lease plus the cost of fuel​.