How residency works

 
When completing the fields “Exempt Amount i.t.o Section 10(1)(o)” and/or source code 4041 – “Amount taxed on IRP5 but comply with exemption i.t.o. Section 10(1)(o)(ii)”, the following information must be completed:

  • Are you a SA resident as defined in the Income Tax Act? – If yes, “Y” must be selected
  • This year of assessment – year and number of days must be completed
  • The previous year of assessment – year and number of days must be completed
  • Did you within the period indicated above spend a continuous period exceeding 60 days outside the RSA? Either “Y” or “N” must be selected
  • Amount received and/or accrued – in South African rands
  • Amount exempt – in South African rands.
  • Information regarding non-residency is required on the ITR12.
  • You are required to indicate the country of tax residency if you aren't a South African resident as defined in the Income Tax Act.
  • Please state the number of days present in South Africa for the following periods – The tax period from and to must be completed in the blocks and the number of days.

Top Tip: Your ITR12 will be considered to be incomplete if you claim a deduction next to code 4041 and don't complete the information needed in the Residency and Amounts considered non-taxable section.

Last Updated: 10/07/2014 1:06 PM     print this page
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