FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Are Lotto or competition winnings taxable?

Posted 29 March 2016

Quizi says:
26 March 2016 at 7:31

Do you get taxed if you win money, say through a competition or the lotto, and how much or how do you calculate the amount it will come to?

TaxTim TaxTim says:
29 March 2016 at 13:47

No, Lotto winnings are not taxable nor are competitions.

This entry was posted in Tax Q&A Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.