Brought to you by

www.directaxis.co.za

How many days of the year are you

working for the Government?

Happy Tax Freedom Day everyone

Sout Africa

Working for yourselfWorking for the government

What Taxes do We Pay?

Tax Freedom Day through the years

Personal Income Tax

Fuel levies

Customs and excise duties

Other

VAT

Corporate income tax

Taxes in 2013/2014

Personal Income Tax

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

33.8% 47.7days

6.8days

37.9days

11.6days

8.9days

28.2days

VATCorporateincome tax

Fuel leviesCustoms andexcise duties Other

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

26.9%

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

20%

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

6.29%

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

8.2%

% (o

ut o

f 100

%)

No.

of D

ays

(out

of 1

41)

4.8%

Where does this tax come from? And how many days does it take to work o�?

Our taxes compared

household to

250

200

150

100

50

0

22

Budget 2014: Education takes the biggest slice...

How the money will be spent

Sourceshttp://www.pwc.be/en_BE/be/publications/2013/�nal_tax_freedom_day_2013_report.pdf

http://beta2.statssa.gov.za/?p=944

http://mg.co.za/article/2014-02-28-00-tax-relief-favours-small-business

http://www.sars.gov.za/Media/MediaReleases/Pages/1%20April%202014%20-%20Preliminary-Outcome-of-Revenue-Collection-for-the-2013-14-Fiscal-Year.aspx

http://www.�n24.com/Budget/The-budget-in-5-charts-20140226

http://infogr.am/Tax-Freedom-Day-by-Country?src=web

http://www.bdlive.co.za/opinion/columnists/2014/02/27/seven-out-of-10-for-facing-up-to-challenges-well-in-di�cult-year

https://www.facebook.com/FMFSA/posts/10151905007611260?stream_ref=10

RSA Sweden

R899.7 billion was given in taxes in 2013/2014. In comparison, only R270 billion was spent on clothing, food and beverages (alcoholic and non-alcoholic), combined

R270 billion R899.7 billion

Direct Axis Guide: Tax Freedom Day

Tax Freedom days

Uni

ted

Sate

s

Hun

gary

Luxe

mbo

rg

The

Net

herla

nds

Uni

ted

King

dom

Ger

man

y

Italy

Gre

ece

Belg

ium

Nor

way

Fran

ce

Den

mar

k

Swed

en

Sout

h A

fric

a

Aus

tria

Slov

akia

May

2010 2011 2012 2013

22.05.201305.05.2012

Tax Freedom Day has been arriving later because of rising taxes and slow economic recovery after recession.

100

150

0

50

200

250

300 253.8bn 180.0bn 42.8bn 145.7bn 144.5bn 142.9bn 115.7bn 57.3bn 47.9bn 18.7bn 3.0bn

Budget total

Average increase

R1.25trillion

9%

Gen

eral

pub

lic s

ervi

ces

Educ

atio

n an

d re

late

d fu

nctio

ns

Econ

omic

a�a

irs

Hea

lth

Soci

al P

rote

ctio

n

Hou

sing

and

com

mun

ity

Publ

ic o

rder

and

saf

ety

Def

ence

Empl

oym

ent s

ocia

l sec

urity

Scie

nce

and

tech

nolo

gy

Cont

inge

ncy

rese

rve

Increase/decrease in money allocated compared with last year

10

15

0

5

20

25

30

19.7% 12.3% 10.3% 9.9% 8.5% 7.7% 6.8% 5.9% 5.9% 5.9% -25%

Hou

sing

and

com

mun

ity

Empl

oym

ent s

ocia

l sec

urity

Soci

al P

rote

ctio

n

Gen

eral

pub

lic s

ervi

ces

Hea

lth

Econ

omic

a�a

irs

Scie

nce

and

tech

nolo

gy

Def

ence

Publ

ic o

rder

and

saf

ety

Educ

atio

n an

d re

late

d fu

nctio

ns

Cont

inge

ncy

rese

rve

04.06DE

07.06IT

30.05.2013

UK

South Africa

30.05.2012

19.06.2013

France

12.06.2012

07.06.2013

Italy

08.06.2012

04.07.2013

Sweden

30.06.2012

Brought to you by

goods expenditure

South Africa’s Tax Freedom Day

22 May is the Tax Freedom Day of 2014 – the 142nd day of the year.

This is the day the nation has worked long enough to pay its taxes for the whole year.

You spend 141 of 365 days working for the government in 2014. That’s 38.6%

You will therefore have 224 days left to work only for yourself.

You’re left with 61.4% to do with what you want.

Corporate income tax rate was reduced from 40% to 28%.

Top marginal rate for personal income tax was reduced from 45% to 40%.

Total personal income tax relief amounted to R139 billion.

There were 1.7 million registered taxpayers in 1994.There are now over 13.7 million registered taxpayers.

Tax revenue increased from R113.8 billion in 1994, to R899.7 billion.

and South Africa tax TAX

All facts are for the 2013/2014 Fiscal Year