– 1% for employee and employer
– Limited to R148.72 each per month
R148.72 employee
R148.72 employer
R297.14 total
– 1%
– -Payroll of >R500 000 annually
Who qualifies:
– 18 to 29 years old
– Not domestic worker / connected person
Benefit:
– R1 000 for employees earning up to R4 500 (previously R4 000)
– Reduced to nil at the maximum monthly income of R6 500 (Previously R6 000)
In a decisive move to support South African households and businesses, the 2026 Budget tabled today introduces significant relief measures designed to combat the “stealth tax” of inflation. By adjusting tax structures and increasing investment caps, the National Treasury has signaled a commitment to preserving the purchasing power of citizens in a shifting economic landscape.
The 2025 South African Budget Speech introduced several key changes that impact small and medium-sized enterprises (SMEs). As an accounting firm, we understand the challenges of navigating tax adjustments, economic policies, and financial planning. This article breaks down the key takeaways from the budget and how they will affect your business. 1. Economic Outlook: A
