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Nedbank IT3(b) on my ITR12?

Posted 23 July 2014 under Tax Q&A


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Hi, Nedbank has posted me my IT3(b) Form and I see it has changed from last year, they now have an amount under 'Net Amount Accrued' which is added to the 'Net Amount Paid' to give total 'Interest' earned. My question is : What amount do I have to declare to SARS, is it the Net Amount Paid (which is what Nedbank has actually paid to me in the tax year ending 28/02/2014 or do I have to declare the total Interest which includes the 'Net Amount Accrued' that Nedbank has not paid tome yet.

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TaxTim TaxTim says:
23 July 2014 at 14:42

You need to input all the interest accrued to you, ie the amount you earned between March 2013 and February 2014.


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