|
THE RATES OF
TAX IN RESPECT OF THE 2007/2008 TAX YEAR ARE SET OUT IN THE
TABLE BELOW |
|
0 - 112 500 18% of each R1 |
|
112 501 - 180 000 20 250 + 25% of the amount
above 112 500 |
|
180 001 - 250 000 37 125 + 30% of the amount
above 180 000 |
|
250 001 - 350 000 58 125 + 35% of the amount
above 250 000 |
|
350 001 - 450 000 93 125 + 38% of the amount
above 350 000 |
|
450 001 and above 131 125 + 40% of the amount
above 450 000 |