R16,000 fine warning for anyone earning over R500,000 in South Africa

[BusinessTech]

R16,000 fine warning for anyone earning over R500,000 in South Africa

Taxpayers who mess up their tax returns face steep penalties from SARS.

 

[TofuMofu]

These penalties escalate based on a taxpayer’s income, reaching up to R16,000 per month for high-income earners—those earning above R500,000 per year.

Damn, so above R500k a year is concidered high-income? Does my bank account know this?

 

[Lupus]

Damn, so above R500k a year is concidered high-income? Does my bank account know this?

I'm seeing jobs still being advertised to this day for R5000 a month, for receptionists and such... In 2026.

 

[TofuMofu]

I'm seeing jobs still being advertised to this day for R5000 a month, for receptionists and such... In 2026.

So you pay rent and then live off of air for the rest of the month.

 

[Lupus]

So you pay rent and then live off of air for the rest of the month.

Exactly :-( R5k was what they were getting 20 years ago

 

[etienne_marais]

So you pay rent and then live off of air for the rest of the month.

Shows how critical it has become to get rid of the ANC

 

[satanboy]

Taxpayers who mess up their tax returns face steep penalties from SARS.

So if you mess up your tax return and earn less than R500K, you're fine?

/s

 

[Bad Ballie]

I'm seeing jobs still being advertised to this day for R5000 a month, for receptionists and such... In 2026.

median salary in this dust bowl is between R6500 and R8000 a month. So yes, the average person is exploited by both the government and their employer.