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Tax return filling requirements for non resident with SA bank interest income?

Posted 23 June 2015 under Tax Q&A

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Dimu says:
4 June 2015 at 8:47

Tim, I am (i) a foreign national (ii) non-resident in SA for tax purposes (physical presence test) and (iii) will likely spend more than 183 days in SA in the tax year 2015/16. My only SA source income is interest income from a bank, which is unlikely to exceed R40-50. 000. Do I need to register with SARS and file an income tax return for the tax year 2015/16 under those circumstances?

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TaxTim TaxTim says:
5 June 2015 at 8:33

You do not need to register or submit a return because even though you are taxed on your SA income the total amount is below the tax thresholds.


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TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

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