Offshore investing tax implications

What are the tax implications of investing in offshore unit trusts and shares and how does one disclose it in your tax return. Thank you

Are you a South African tax resident?
Am I a tax resident of South Africa?

Yes I am a South African tax resident.

You would need to request a statement from the financial institution and convert the investment income to Rands (if applicable). You would need to declare the interest, dividends and capital gains in your tax return.

You would also need to reflect the foreign tax which has been withheld.

Register for TaxTim and let us assist you with completing your tax return to ensure all details are reflected accurately.