A taxpayer lives in the UK and received interest in South Africa. Normally he would just declare the interest under non-taxable section 10(1)(h), but now with the preloaded interest on the profile SARS is taxing the taxpayer automatically and he cannot pu
Author: Cecile Bothe
Important:
This answer is based on tax law year ending 28 February 2021.
Answer:
The issue of exempt local interest that accrued to non-residents was escalated to the SARS technical team.
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