Interest from a South African source earned by any natural person is exempt, per annum, up to an amount of:
| 2018 | 2017 | 2016 | ||||||
|---|---|---|---|---|---|---|---|---|
Please note: For the 2012 tax year – Foreign interest and foreign dividends are only exempt up to R3 700 out of the total exemption.
Companies now have new reporting obligations for “beneficial ownership” Recent announcements on the amendments to the Companies Act 71 of 2008 regarding beneficial ownership were made by the Companies and Intellectual Property Commission (CIPC). Part of the revisions requires that corporations file and update Beneficial Ownership information as and when necessary, giving the CIPC the
Trust and PBO reporting requirements are now official. Public benefit organizations (PBOs) and Trusts, but not solar panel installers, are now included on the final list of third-party data providers required to transmit taxpayer information to the South African Revenue Service (Sars). Trusts and PBOs are permitted to report for the first round voluntarily in
911 Almondrock Ave, Strubens Valley, Roodepoort, 1735
16 Baker Street Rosebank, Johannesburg, Gauteng, 2196
(t) 087 550 1937
© 2022 CFO360 Advisors (Pty) Ltd All Rights reserved
Privacy Policy | Terms | Website Disclaimer | About | Careers | Small Business Resources | News
