The 2020/2021 Budget Speech will be announced by Finance Minister Tito Mboweni on 26 February 2020. So in preparation for this tax season, we will provide you with Budget Speech updates, insights, changes and tools, visit tax.sage.co.za to stay up to date this tax year-end.
Our HR & Payroll software complies with the 2019 tax rates, as announced by Tito Mboweni in the 2019/2020 Budget Speech and will be updated following the announcements on 26 February 2020. This includes the tax thresholds, tax tables and taxable portion of the travel allowance to name a few.
In keeping with the changes announced in the latest Budget Speech, our salary tax calculator gives you a view of what your tax saving or liability will be in the new tax year.
Click here to calculate your tax, with our free online salary tax calculator.