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How do I account for various line items in IT3b Discovery investment certificate?



Polisa said:
11 November 2015 at 13:08

I receive two tax certificates from Discovery for the same investment product. One is an IT3b, the other an IT3c. While the IT3c shows a source code of 4250, the IT3b does not show source codes. It shows "Gross foreign dividends", "Local interest voluntary", "Gross foreign interest" & "Local dividends (exempt)". It also shows withholding tax on 3 of them, and a "Net total".

When declaring my local interest earned, should I add just the "Local interest voluntary" amount from Discovery to my bank's IT3b amount for local interest total?

TaxTim Evan TaxTim Evan said:
11 November 2015 at 15:40

Yes, you can add the Discovery interest to your bank's IT3b interest and declare the total under "local interest" on your Tax Return.

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