Archive For The “Personal Income Tax (PIT)” Category

The Fiscal Weight of South Africa’s Top 1.5%: A Taxpayer Analysis Across Population and Economic Activity

The Fiscal Weight of South Africa’s Top 1.5%: A Taxpayer Analysis Across Population and Economic Activity

Introduction South Africa’s tax landscape is marked by a striking concentration of fiscal responsibility among a small elite. In the 2023/24 financial year, the South African Revenue Service (SARS) collected R1,855.3 billion in net revenue, with Personal Income Tax (PIT) contributing the largest share at R733.2 billion, or 39.5% of the total (SARS, 2024). This…

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