Frequently Asked Questions
Q: What is the tax-free threshold for the 2009 tax year for individuals?
A: For persons under 65 R46 000
For persons 65 years and older R74 000
Q: How much of my travel allowance is subject to PAYE?
A: For the 2009 tax year, 60% of the allowance is subject to PAYE.
Q: If you use the deemed kilometer method to calculate your travel allowance, how many kilometers are deemed to be private?
A: The first 18 000km are deemed to be private for the 2009 tax year.
Q: What tax do I need to pay on dividends declared by my company?
A: Dividend tax is payable at 10% at present on the net dividends declared.
Q: What donation tax rate is applicable for an individual making a donation?
A: 20% of the amount that exceeds R100 000 for the 2009 tax year.
Q: How much is the estate duty rebate?
A: For the 2009 tax year, the estate duty rebate is R3.5 million.
Q: What is the Capital Gains inclusion rate?
A: For individuals 25%
For corporate entities/trusts 50%
Q: How much is the Primary Residence Exclusion for Capital Gains tax purposes?
A: For the 2008/2009 tax year the Primary Residence Exclusion is R1.5 million.
Q: How much may an individual invest directly outside South Africa?
A: For the 2009 tax year you can invest R2 million per person outside South Africa.
