FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


It is aleady summarised

Posted 22 March 2016

Khodani said:
19 March 2016 at 9:58

Is south African interest exempted?

TaxTim Marc TaxTim Marc said:
22 March 2016 at 9:50

Individuals under 65 years obtain an annual exemption of R23,800 (over 65 years, the exemption is R34,500).
Therefore interest over these amounts will be taxed.

This entry was posted in Tax Q&A and tagged , , , , . Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.