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Cara says: 30 November 2015 at 23:26 I earn R3000 per month from an investment and this is my sole income. I invested in July 2015. I have been in the UK since July so might be classed as a non permanent resident for tax. While in the UK I have not earned any income and if I have in the past I have paid UK tax. Do I need to file a tax return for this year and get an ITb3 certificate from the bank |
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TaxTim says: 1 December 2015 at 11:45 The interest from this investment would fall below the interest exemption threshold for the 2016 tax year (i.e 1 March 2015-28 Feb 2016) so would not attract tax. If you are non-tax resident in South Africa you would only pay tax on income earned in South Africa and therefore since you have no South African income above the tax threshold for 2016 you wouldn't need to file a tax return. Do check though you residence status by working through the questions below. Am I a tax resident of South Africa? |
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