We have some DBX tracker funds, when we get a monthly statement from the broker income is listed as foreign, but when the tax certificate is sent it is included as local, really confusing when doing provisional tax.
The DBX tracker fund is a local fund which simulates a foreign stock exchange does it not? However the fund is local and releases local income which is then taxed in the form of local interest and dividends.
Biddysays: 26 February 2013 at 7:58
Dumb me - tracker says it all! Thank you.
The site is a great find.
TaxTimsays: 26 February 2013 at 13:08
Only a pleasire! Glad you have this sorted out!
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.