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How much once off tax of R200 000?

Posted 23 June 2015

Floza said:
28 May 2015 at 2:15

I'm already paying SARS from my salary, now im in a stokvel and when its my turn to get money, I will get - R200 000 from other members, how much must I pay to sars?

TaxTim Marc TaxTim Marc said:
29 May 2015 at 15:04

It is like an investment, so you will be taxed on the growth of the amount you invested. So this difference would be treated like a dividend and taxed at 15%.

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