The 2020 National Budget came with great news for taxpayers. Looking at the personal income tax and tax free savings reprieve, South Africans can breathe a sigh of relief.

View the the year end budget summary below to see what changes where discussed in the speech:

Tax Year End Budget Speech Summary 2020.pdf

We have also updated our online tax calculator with the 2020/2021 tax tables, please feel free to have a look at the effect the new tables will have by visiting our online salary calculator on our website, or download the Sage Tax Calculator (ZA) mobile app from your app store.

Follow all Sage’s post Budget Speech commentary on Twitter @SageGroupZA

Our Development team is working tirelessly and the 2020/2021 tax tables will be incorporated in Sage Business Cloud payroll on the 28th of February, clients will be able to roll over into the March Period from tomorrow onward.