FAQ: I have received dividend from a source outside of South Africa, how do I declare this amount on the income tax form?
Complete the amount for foreign dividends next to source code 4216.
FAQ: Where will I complete foreign tax paid on the income tax form?
Complete the gross amount for foreign tax paid next to the source code 4113.
FAQ: How do I convert income measured in a foreign currency to Rands?
It can be converted by using either: The spot rate; or The average exchange rate for the relevant year of assessment.
FAQ: Does the SARS interest get exempted from income?
Yes, the limitation for interest exemption will be proportioned.
FAQ: Should I declare SARS interest?
Yes, use source code 4237
FAQ: Do I need to submit an income tax form if I only earned interest income?
If the amount received is in excess of the prescribed exemption amount you must submit an income tax form.
FAQ: I receive interest income, do I need to declare it on the income tax form?
Yes, interest income forms part of taxable income.
FAQ: I only received a monthly annuity, do I need to submit a tax form?
Yes, you must submit an income tax return.
FAQ: Can I claim for more than one Retirement Annuity?
Yes, you can claim for more than one retirement annuity. Add the contribution made together and claimed under code 4006.
FAQ: Which amount do I capture for medical scheme contributions made by my employer?
Medical scheme contributions that were paid by the employer will reflect next to source code 4005 on your income tax certificate.
