Interest and Dividends

Share This Post

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

Budget 2026: A Strategic Shield Against Inflation for South African Taxpayers 

In a decisive move to support South African households and businesses, the 2026 Budget tabled today introduces significant relief measures designed to combat the “stealth tax” of inflation. By adjusting tax structures and increasing investment caps, the National Treasury has signaled a commitment to preserving the purchasing power of citizens in a shifting economic landscape.

Accounting

How the 2025 South African Budget Affects SMEs: Key Takeaways for Business Owners

The 2025 South African Budget Speech introduced several key changes that impact small and medium-sized enterprises (SMEs). As an accounting firm, we understand the challenges of navigating tax adjustments, economic policies, and financial planning. This article breaks down the key takeaways from the budget and how they will affect your business. 1. Economic Outlook: A

Scroll to Top