{"id":852135,"date":"2026-02-25T14:16:56","date_gmt":"2026-02-25T12:16:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=852135"},"modified":"2026-02-25T17:11:59","modified_gmt":"2026-02-25T15:11:59","slug":"here-is-how-much-tax-you-will-pay-in-2026-based-on-what-you-earn","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/budget-speech\/852135\/here-is-how-much-tax-you-will-pay-in-2026-based-on-what-you-earn\/","title":{"rendered":"Here is how much tax you will pay in 2026 based on what you earn"},"content":{"rendered":"\n

Finance Minister Enoch Godongwana has tabled the budget for 2026, including some welcome tax relief for taxpayers.<\/p>\n\n\n\n

After two years of frozen tax brackets and medical aid tax credits, both will be fully adjusted for inflation in 2026.<\/p>\n\n\n\n

In addition, the R20 billion in additional tax measures pencilled in at the medium-term budget policy statement and 2025 Budget have been withdrawn.<\/p>\n\n\n\n

Other tax thresholds and limits will also be adjusted for the impact of inflation, to assist small businesses and encourage savings, National Treasury said.<\/p>\n\n\n\n

Godongwana noted that, over the past three years, South Africa’s tax system has demonstrated resilience despite slow economic growth.<\/p>\n\n\n\n

For 2025\/26, the gross tax revenue is revised up by R21.3 billion compared to the estimate in the 2025 Budget.<\/p>\n\n\n\n

Higher-than-expected net VAT, corporate income tax and dividends tax collections improved the in-year outlook, he said.<\/p>\n\n\n\n

Because of this, the government felt confident enough to withdraw the R20 billion in tax increases provisionally included in the May 2025 Budget.<\/p>\n\n\n\n

“The improving fiscal position allows us enough room to withdraw the proposed tax increases, without putting fiscal sustainability or economic activity at risk,” the minister said.<\/p>\n\n\n\n

The inflationary adjustment will be a welcome move for taxpayers who have had to suffer through “stealth taxes” brought by bracket creep.<\/p>\n\n\n\n

In practical terms, it means that employees receiving inflation-linked salary increases don’t risk being pushed into a higher tax bracket, while the state coffers won’t enjoy the ‘cream off the top’ as in previous years.<\/p>\n\n\n\n

The new tax tables for 2026\/27 can be seen below:<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Enoch Godongwana has tabled the budget for 2026, including some welcome tax relief for taxpayers.<\/p>\n","protected":false},"author":10,"featured_media":752205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13716],"tags":[24824,3246,24856],"class_list":["post-852135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-speech","tag-budget-2026","tag-sars","tag-tax-tables"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/852135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=852135"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/852135\/revisions"}],"predecessor-version":[{"id":852221,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/852135\/revisions\/852221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/752205"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=852135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=852135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=852135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}