Blog Q&A Calculators Students Logbook Contact
CLOSE
Need help filling in your 2017 tax return?

Get your maximum possible tax refund
with TaxTim by your side step-by-step!

Try TaxTim now

Interest income declarations from personal investments.

Posted 27 April 2016 under Tax Q&A
Ayihe says:
27 April 2016 at 10:02

On the tax return, where would I declare any other income earned during the tax year from personal savings or investments?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
27 April 2016 at 11:48

Technically this is included in schedule 20 for amounts which are not subject to tax.
Interest earned on savings and investment are subject to withholding tax, but the bank or unit trust the investment or saving is with, is responsible to deduct the tax from your interest. Therefore you do not pay extra tax on the income.

If you use TaxTim, he will guide you through the process where to declare what income. Give it a try.


Get Inland Revenue Tax Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.

Let TaxTim
help you
submit your
Tax returns!



TaxTim will help you:
  • Do Your Tax Return Easily
  • Avoid penalties
  • Save money
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Get started