How much once off tax of R200 000?

By Marc Sevitz · Updated

Floza

Floza said:
28 May 2015 at 2:15

I'm already paying SARS from my salary, now im in a stokvel and when its my turn to get money, I will get - R200 000 from other members, how much must I pay to sars?
TaxTim Marc

TaxTim Marc said:
29 May 2015 at 15:04

It is like an investment, so you will be taxed on the growth of the amount you invested. So this difference would be treated like a dividend and taxed at 15%.