Accountants that specialize in the laws, rules, and regulations for the preparation and calculation of federal, state, and local taxes are typically known as tax accountants. Tax accountants provide a range of tax-related services to both individuals and businesses, which can include preparing and filing tax returns.
Below are salaries earn by Tax Accountant In South Africa
A person working as a Tax Accountant in South Africa typically earns around 47,000 ZAR per month. Salaries range from 24,400 ZAR (lowest) to 71,900 ZAR (highest).
This is the average monthly salary including housing, transport, and other benefits. Tax Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Tax Accountant Salary Distribution in South Africa
The median, the maximum, the minimum, and the range
Salary Range
Tax Accountant salaries in South Africa range from 24,400 ZAR per month (minimum salary) to 71,900 ZAR per month (maximum salary).
Median Salary
The median salary is 45,100 ZAR per month, which means that half (50%) of people working as Tax Manager(s) are earning less than 45,100 ZAR while the other half are earning more than 45,100 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Tax Manager(s) are earning less than 31,300 ZAR while 75% of them are earning more than 31,300 ZAR. Also from the diagram, 75% of Tax Manager(s) are earning less than 56,100 ZAR while 25% are earning more than 56,100 ZAR.
Tax Accountant Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Tax Manager salaries by experience level and this is what we found.
A Tax Accountant with less than two years of experience makes approximately 27,700 ZAR per month.
While someone with an experience level between two and five years is expected to earn 37,200 ZAR per month, 34% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 48,400 ZAR per month, 30% more than someone with two to five years of experience.
Additionally, Tax Accountant (s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 58,600 ZAR per month, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 64,000 ZAR per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 67,300 ZAR per month, 5% more than people with fifteen to twenty years of experience.
Tax Accountant average salary change by experience in South Africa
| 0 – 2 Years | 27,700 ZAR | |
| 2 – 5 Years | +34% | 37,200 ZAR |
| 5 – 10 Years | +30% | 48,400 ZAR |
| 10 – 15 Years | +21% | 58,600 ZAR |
| 15 – 20 Years | +9% | 64,000 ZAR |
| 20+ Years | +5% | 67,300 ZAR |
Tax Accountant Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Tax Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Tax Manager is 33,000 ZAR per month.
While someone with a Bachelor’s Degree gets a salary of 50,000 ZAR per month, 52% more than someone having a Certificate or Diploma degree.
A Master’s Degree gets its holder an average salary of 70,900 ZAR per month, 42% more than someone with a Bachelor’s Degree
Tax Accountant average salary difference by education level in South Africa
| Certificate or Diploma | 33,000 ZAR | |
| Bachelor’s Degree | +52% | 50,000 ZAR |
| Master’s Degree | +42% | 70,900 ZAR |
Tax Accountant Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Tax Manager employees in South Africa earn 8% more than their female counterparts on average.
| Male | 49,000 ZAR | |
| Female | -7% | 45,500 ZAR |
Tax Accountant Average Annual Salary Increment Percentage in South Africa
How much are annual salary increments in South Africa for Tax Accountant (s)?
How often do employees get salary raises?
Tax Accountant
Tax Accountant (s) in South Africa are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Tax Accountant Bonus and Incentive Rates in South Africa
How much and how often are bonuses being awarded?
A Tax Accountant is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
22% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
Received Bonus 78%
No Bonus 22%
How do I become a tax accountant in South Africa?
You can qualify if you obtained a three-year Bachelor degree with Tax as a major subject and at least Accounting 3, have three years of verifiable practical experience in a tax environment, and pass the CoTE Professional Tax Examination.
How much do accountants earn in South Africa?
Accounting and Finance
| Qualified CA (SA) or CIMA | 2020 Annual Salary |
|---|---|
| Newly-qualified CA (SA) | R550 000 – R680 000 |
| CA (SA) 6+ years’ experience | R1 000 000 – R1 400 000 |
| CA (SA) 4+ years’ experience | R800 000 – R950 000 |
| CA (SA) 2+ years’ experience | R650 000 – R780 000 |
Do accountants get paid well in South Africa?
The average salary for a Chartered Accountant in SA is R 522 600 gross per year (R 43 550 gross per month), which is 85% higher than the South Africa’s national average salary. Salary Range: a Chartered Accountant (CA) can expect an average starting salary of R 277 683. The highest salaries can exceed R 841 350.
How much do ACCA accountants earn in South Africa?
| Job Title | Range | Average |
|---|---|---|
| Financial Accountant | Range:R200k – R696k | Average:R373,608 |
| Chartered Accountant | Range:R62k – R1m | Average:R432,748 |
| Finance Manager | Range:R205k – R956k | Average:R526,622 |
| Financial Manager | Range:R323k – R739k | Average:R497,462 |
How much does a junior accountant earn in South Africa?
The average junior accountant salary in South Africa is R 240 000 per year or R 123 per hour. Entry-level positions start at R 180 000 per year, while most experienced workers make up to R 2 359 680 per year.
Is an accountant a good job in South Africa?
Accountancy has become an exciting career that involves working with the latest accounting software. A good Accountant stays up to date with rapidly changing business and professional trends. The current shortages of chartered accountants in South Africa, makes it one of the highest paid professions in the country.