PERSONAL TAX
Stingy with relief for personal income taxpayers
Sure, there weren’t any major and unwelcome tax hikes for South Africa’s 7.12-million taxpayers — but so-called bracket creep is meaner than usual
23 February 2023 - 08:24
Unlike the previous three years, no extra tax relief has been granted to personal income taxpayers this year, with the government opting to only adjust tax brackets in line with expected inflation of 4.9%.
Still, says Coronation Fund Managers head of personal investments Pieter Koekemoer, “it’s good news that there were no surprises of new tax rates”. ..
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