How Many Taxpayers In South Africa

Who is a Taxpayer?

A taxpayer is a person or organization subject to paying a tax. Modern taxpayers may have an identification number, a reference number issued by a government to citizens or firms. The term “taxpayer” generally characterizes one who pays taxes. 

How Many Taxpayers In South Africa

CategoryTax register20192020Individuals22 170 51322 919 701Companies2 020 7592 548 975Trusts357 859363 860

How many people are taxpayers in South Africa?

1 billion (7.8%); • Personal Income Tax (PIT) remains the largest contributor to tax revenue with a contribution share of 39.1%; • The number of individuals registered for Income tax increased to 23.9 million in 2020/21 from 22.9 million in 2019/20.

How many taxpayers have left South Africa?

Since 2017, more than 40,500 taxpayers indicated that they ceased to be tax residents of South Africa. However, it does not paint the full picture of the skills migration. Frank Blackmore, the lead economist at KPMG, explained that no government department officially tracks emigration from South Africa.

Who is the largest taxpayer in South Africa?

According to SARS, Gauteng still accounts for the largest number of taxpayers, with 2,177,191 (39.5%) of assessed taxpayers registered in the province. Over 726,600 assessed taxpayers lived in the Johannesburg Metro and were taxed on an average taxable income of R446,739.

Who pays tax in South Africa?

South African residents are taxed on their worldwide income. Credit is granted in South Africa for foreign taxes paid on income from a non-South African source. Non-residents are taxed on their South African-sourced income.