Interest and Dividends

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Interest Exemptions

Interest from a South African source earned by any natural person is exempt, per annum, up to an amount of:

​2022​​2021​2020​​20192018​​2017​2016​​2015
​Person younger than 65​R23 800​​R23 800​R23 800​​R23 800​R23 800​R23 800​R23 800​R23 800
​Person 65 and older​R34 500​R34 500​R34 500​​R34 500​R34 500​R34 500​R34 500​R34 500

Please note: For the 2012 tax year – Foreign interest and foreign dividends are only exempt up to R3 700 out of the total exemption.

More To Explore

Accounting

What Is Provisional Tax?

Unsure of what provisional tax is and how it affects you? You’re not alone! Many business owners are unsure of this complex and important tax. That’s where CFO360 comes in. We’re here to help you understand provisional tax, so you can make the best decisions for your business. Provisional tax is a critical part of

budget speech 2022 South Africa
Accounting

Budget Speech South Africa 2022 | Highlights & Download

Here are some headlines from the 2022 Budget Speech: Some much needed pragmatism and a balanced budget on the Horison Inflationary Changes to Personal Tax BracketsThe usual inflationary changes have been made to the personal income tax brackets of 4.5%. Find the adjusted brackets below. Reduction in Corporate Income Tax RateIn the previous budget speech

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top