Tax Tables, Rates and Assumptions

Rates and Assumptions have been added to the Tax Tables, this can be set on the Tax Tables for the year.

Follow the menu options to (1)System -> (2)Tax Tables:

Either create a (1)new Tax Table or select an (2)existing Tax Table

Tax Table

The Tax Tables are dividend into two sections, the Tax Table and Rebates:

Tax Table

Complete the tax year end date, followed by the tax bands and the relevant percentages to be applied. To complete each tax band, complete the ‘FROM’ field, the previous band’s ‘TO’ field will automatically populate with a value that is R0.01 less.

Rebates

Rates and Assumptions

The Rates and Assumptions are dividend into various sections, as listed below:

Tax Comparison Schedule

Capital Gains Tax

Endowment (via Life Aussurer)

Estate Duty

Executor and Master Fees

NOTE: The Rates and Assumptions are for information purposes only and not used for calculations.

Last Updated on 5 months ago by Hayley Jerram