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In the 2018/19 fiscal year SARS collected R 1 287.7 billion (equivalent to US$ 86.4 billion) [5] in tax revenue, a figure R71.2 billion (or 5.8%) more than that from the previous fiscal year. In 2018/19 financial year, South Africa had a tax-to-GDP ratio of 26.2% that was only slightly more than the 25.9% in 2017/18.
20.1% (15% deductible tax + 45% healthcare and social security if an employee, 22.5% if self-employed) [84] 45.7% (peaks for employee gross annual income of $90,000 or more) 39% (for gross annual income of $450,000 or more) [ citation needed ]
The income tax in the Czech Republic is progressive. The primary tax rate is 15% of gross income, but for an annual salary that is 48 times bigger than the average monthly salary (38.911 CZK in 2022, around 1.600 EUR), the rate is 23%. That applies only to the difference. The minimum wage to pay income tax is 27.840CZK in 2021 (approx. 1140EUR ...
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [31][32][33] The economy is the most industrialised, technologically advanced, and diversified in Africa. [34] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
Montenegro introduced a flat tax of 15% on personal income in 2007, reduced to 12% in 2009 and 9% in 2010. It introduced a second higher rate of 15% in 2013, reduced to 13% in 2015, 11% in 2016, and eliminated in 2020, thus returning to a flat tax of 9%. [117] It reintroduced a second higher rate of 15% in 2022. [118]
Demographics of South Africa. According to the 2022 census, the population of South Africa is about 62 million people of diverse origins, cultures, languages, and religions. With a majority being Black Africans. [3] The South African National Census of 2022 was the most recent census held; the next will be in 2032. [4]
Basic Education in South Africa takes place in primary and secondary level from Grade 1 (6 - 7-year-olds) to Grade 12 (18 - 20-year-olds). Students who succeed in Grade 12 graduate with a matriculation certificate, which enables them to transition to tertiary level education. [12]
Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [4][5][6] GDP is often used to measure the economic health of a country or region. [3] Definitions of GDP are maintained by several national and ...