Tedy Thandekile a South Africa resident who is 66 years old has the following investment incomes for 2022 year of assessment.

· South Africa dividends – R55 222

· South African interest – R34560

· Foreign dividends – R2500

· Foreign interest – R500

Required

Calculate Tedy’s tax liability for 2022 year of assessment.

Answer rating: 100% (QA)

SOLUTION 1 South Africa dividends of R55222 Dividends are taxexempt for individuals a... View the full answer