Investment Income Earned and Exemptions Applicable
/If you have investments and you receive the following certificates from your bank or investment house, you will need to submit this as part of your income tax return
IT3(b)- Interest income (foreign and local), dividend income, property dividends and profit shares etc etc
IT3(c)- Gains and losses on local and foreign investments
Dividend statement- Gross and net dividends received and tax paid on dividends received
IT3(s)- Tax-free investment certificate
The good news is, you have interest exemptions
64 years and younger- R23800 per annum
65 years old and older- R34500 per annum
Contacts us at contactus@anlofin.com or 0116581324 if you need any assistance or would like us to submit your tax return.