As the 2017 tax season approaches, taxpayers across the country are wondering what changes have been made to the Sars income tax tables. With any new year come changes to the existing tax laws and regulations, and this year is no exception. This article will provide an in-depth look at the 2017 Sars income tax tables and discuss how these changes may affect taxpayers.
The South African Revenue Service (Sars) has made some important changes to the 2017 income tax tables, which could significantly impact taxpayers’ overall tax bill. In addition to the usual changes such as inflation-indexing of certain deductions and allowances, Sars has introduced new brackets and rates that may reduce the amount of taxes paid. Furthermore, it has increased certain tax credits and deductions, which could further reduce the total tax burden. We will take a closer look at these changes and discuss how they may affect you as a taxpayer.
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