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Could you tell me what Withholding Tax Status means and how do I tell if I am exempt or not?

Posted 20 September 2015

Jarryd says:
16 September 2015 at 0:06

Hi there,

I'm planning on investing in exchange traded funds, and on the application form a field requires me to mention my Withholding Tax Status (exempt or not exempt). Could you tell me what this means and how do I tell if I am exempt or not?

Regards
Jarryd

TaxTim TaxTim says:
16 September 2015 at 21:36

Which country are you trading in?

Jarryd says:
16 September 2015 at 21:57

In south africa. Its an exchange traded fund which invests in 10 south african property companies

TaxTim TaxTim says:
20 September 2015 at 16:19

You will not be exempt as you are the final individual holder of the ETF's and will be taxed on the income earned from the fund.

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