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Does SARS tax international lotteries prize money?

Posted 2 February 2016 under Tax Questions

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Lucky says:
2 February 2016 at 0:10

Does SARS tax international lottery prize winning money when it comes to South Africa?if yes what is the percentage that SARS tax and what category is this tax?

This entry was posted in Tax Questions and tagged . Bookmark the permalink.

TaxTimTaxTim says:
2 February 2016 at 10:16

Generally lottery winnings would be considered capital in nature and would not be subject to normal tax in South Africa.
However, you would need to declare it in your tax return within "amounts considered not taxable".


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