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It is aleady summarised

Posted 22 March 2016

Khodani said:
19 March 2016 at 9:58

Is south African interest exempted?

TaxTim Marc TaxTim Marc said:
22 March 2016 at 9:50

Individuals under 65 years obtain an annual exemption of R23,800 (over 65 years, the exemption is R34,500).
Therefore interest over these amounts will be taxed.

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