You will find some useful tax and accounting information here:
UIF Limits
Monthly UIF limit (ceiling): The maximum contribution which can be deducted, for employees who earn more than R14 872 per month, is R148.72 per month.
When to register for VAT
It is mandatory for a business to register for VAT if the total value of taxable supplies made in any consecutive twelve month period exceeded or is likely to exceed R1 million. If your monthly turnover starts exceeding R80 000 you should start the registration of VAT process.
Income tax rates
Income Tax Rates 2019 (1 March 2018 - 28 February 2019)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 0 – 195 850 | 18% of taxable income |
| 195 851 – 305 850 | 35 253 + 26% of taxable income above 195 850| |
| 305 851 – 423 300 | 63 853 + 31% of taxable income above 305 850 |
| 423 301 – 555 600 | 100 263 + 36% of taxable income above 423 300 |
| 555 601 – 708 310 | 147 891 + 39% of taxable income above 555 600 |
| 708 311 – 1 500 000 | 207 448 + 41% of taxable income above 708 310 |
| 1 500 001 and above | 532 041 + 45% of taxable income above 1 500 000 |
| Tax Rebate | Tax Year 2019 | Tax Year 2018 |
|---|---|---|
| Primary | R14 067 | R13 635 |
| Secondary (65 and older) | R7 713 | R7 479 |
| Tertiary (75 and older) | R2 574 | R2 493 |
| Tax Thresholds | Tax Year 2019 | Tax Year 2018 |
|---|---|---|
| Person under 65 | R78 150 | R75 750 |
| Person 65 and older | R121 000 | R117 300 |
| Person 75 and older | R135 300 | R131 150 |
Income Tax Rates 2018 (1 March 2017 - 28 February 2018)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 0 – 189 880 | 18% of taxable income |
| 189 881 – 296 540 | 34 178 + 26% of taxable income above 189 880 |
| 296 541 – 410 460 | 61 910 + 31% of taxable income above 296 540 |
| 410 461 – 555 600 | 97 225 + 36% of taxable income above 410 460 |
| 555 601 – 708 310 | 149 475 + 39% of taxable income above 555 600 |
| 708 311 – 1 500 000 | 209 032 + 41% of taxable income above 708 310 |
| 1 500 001 and above | 533 625 + 45% of taxable income above 1 500 000 |