Page 9 - PowerPoint Presentation

Exemptions (Other)

• Alimony and maintenance between spouses
• Interest exemptions
Local interest is exempt(Below 65 the exemption is R22 800 and 65 and older the exemption
is R33 000)
• Interest received by non-residents is exempt; As from 1 July 2013.
In case of a natural person was not in SA for 183 days during the 12 months preceding the
12 months the date the interest was received or accrued or did not carry business through
permanent establishment during 12 months preceding the date the interest was received or
accrued.
In case of any other person who is not resident, does not carry business through permanent
establishment during the 12 months preceding the date the interest was received or
accrued.
• A 15% withholding tax to interest paid to non-residents.
• Uniforms and uniform allowances=cash equivalent of benefits granted by an employer to employee
are included in the gross income.

The cash equivalent is exempt if:

a)the employee is required to wear uniform while on duty.
b)the uniform is clearly distinguishable from ordinary clothing.

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