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IT3b source codes

Posted 3 August 2015 under Tax Questions


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Casper says:
3 August 2015 at 18:20

I have a IT3(b) tax certificate from the bank , they gave me a income source code 4201 , please tell me where it is on the ITR12 ?

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TaxTimTaxTim says:
3 August 2015 at 19:57

This is for local interest income. When you open your tax return, you will be asked a series of questions which are used to generate your Tax Return. In the first section entitled "Standard" there will be the following question:

"Did you receive income from interest (local or foreign) and /or taxable foreign dividends?"

You need to answer this "yes".

In the tax return (ITR12), you need to fill in this amount from your IT3(b) certificate under "Local Interest income".


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