InfoBytesMay 16, 2022

CRS Tax Guide 2022/2023

We are happy to provide a comprehensive online tax guide for the 2022/2023 tax season.

This covers several highlights that employers and employees need to consider:

  • Personal income tax: Inflationary relief through a 4.5% adjustment in tax brackets and rebates.
  • Employment tax incentive: Expanded through a 50% increase to R1500 p/m.
  • Fuel & RAF levies: No change.
  • Excise duties: Increase between 4.5% and 6.5% on alcohol and tobacco.
  • Corporate income tax: The rate is reduced to 27%.
  • Disclosure of wealth: All provisional tax payers with assets above R50 million are required to declare specified assets and liabilities.
  • Assessed losses: Assessed losses brought forward will be limited to 80% of taxable income.
  • Carbon tax: First phase extended by three years.
  • Plastic bag levy: Increase to 28c p/bag from 1 April 2022.
  • Health promotion levy: Beverages with more than 4g of sugar p/100ml will have a levy of 2.31c/g.

To view our comprehensive Tax Guide, complete the form to start the download.

It will be more than worth your while!

Contact our team at if you require any additional information.

2024/2025 Tax Guide

Download your copy of the CRS 2024/2025 Tax Guide

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