South Africa's national budget for 2009/10 saw personal income tax contributing R154 billion, VAT contributing R79 billion, and company tax contributing R135 billion. Over 50% of personal income tax revenue came from taxpayers earning less than R200,000 annually. Company tax revenue was highest from the financial services, manufacturing, and consumer business industries. Import VAT and duties totaled R89 billion.
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Budget infographic
1. South Africas Budget #SABudget Source: http://www.treasury.gov.za - based on audited 2009/10 results
Personal Income Tax R 154 billion VAT R 79 billion Company Tax R 135 billion
Company tax by industry
(20) Public sector 33
52 446 tax payers (7)
Technology, media and
20 Public sector 4
telecommunications
Earn less than R1 000 000 + Income
Contribution: R 37 billion (29) Energy and resources 10
Technology, media and
(10) Consumer business 24 13
telecommunications
1 011 000 tax payers (32) Manufacturing 48
Earn less than R 200 000 - R 1 000 000 Income
Energy and resources 18
40% (18) Financial service industry 61
Contribution: R 89 billion
in billions
1 339 691 tax payers
Earn less than R 100 000 - R 200 000 Income
52% Refunds Consumer business 22
Contribution: R 26 billion
1 181 406 tax payers Manufacturing 30
4%
Earn less than R100 000 Income
Contribution: R 3 billion 2% Import VAT and duties R 89 billion Financial service industry
4% 48
2% 3% UK
R5 billion
Number of taxpayers 1%
6%
USA Germany
R12 billion South Korea
Their contribution
R7 billion R2 billion
0 10 20 30 40 50
5%
France Billions of Rands
15% R3 billion
Japan
13%
R5 billion
Number of prof itable companies
129 988
China
R18 billion
LOSS MAKING
5% Brazil
17% 3% R2 billion BREAK EVEN 83 319
Italy
15% 8%
R2 billion India
R3 billion
122 221
5% PROFITABLE
Revenue Fuel Levy R29 billion Excise Duties R21 billion
Total: R580 billion Other Revenue R28 billion Secondary Tax on Companies R15 billion
Expenses R167 billion
Total: R747 billion de鍖cit
Central Financial
Government Administrative Justice, Crime Economic Services Direct Charges
Administrator Social Services Prevention & Security and Infrastructure
Services and Provincial Share
R 52 Billion R 60 Billion Did you know?
R 140 Billion R 102 Billion R 82 Billion R 311 Billion If the government wanted to fund the
de鍖cit by increasing taxes, they would
have to increase all taxes by 30%.