Taxing times
Personal income tax rates will be raised by 1% for all taxpayers earning more than R181,900 a year. As an example this raises tax by R21 a month for a taxpayer below age 65 with an annual income of R200,000. Those earning R500,000 will pay an extra R271 a month. (http://bit.ly/1Bw6z1j)
This week’s theme: National Budget 2015