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What is the tax on interest earned for a non-resident?

Posted 15 April 2016 under Tax Q&A

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HD says:
14 April 2016 at 15:55

I am currently living outside of South Africa. Am I able to deposit money with a South African bank and at what rate will my interest earnings be taxed at? Am I able to withdraw the money easily again from South Africa?

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TaxTim TaxTim says:
15 April 2016 at 9:57

As a non resident and if you are out of SA for more than 183 days then the interest will be exempt from tax.


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