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Payment of income tax on Fixed Deposit investments

Posted 15 February 2017

Johnwr said:
14 February 2017 at 17:28

If I dont receive the interest I earn as my investment is over a 36 month period, do I still have to declare the interest earned during the year?

TaxTim Alicia TaxTim Alicia said:
15 February 2017 at 9:29

Yes you need to declare the interest income as it will form part of your taxable income during the year you earned it.

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