SARS tax

[marco]

Australia, Austria, Germany, Canada, Norway, Portugal, Spain, UK....

Should I carry on? there are another 100 odd but it would be simpler to state the countries that do not tax capital gains.

 

[Dolby]

Let's say I earn R25,000pm (R300,000pa) @ tax 26%
But let's say I have R3,000,000 invested that brings an interest income of R30,000pm (R420,000pa) @ tax 31%

Hi using the same example above ...

What is ITA and PROV?
And then still PAYE (salary, paid as I earned)?
So we have three types of tax in this country?

So, every month SARS take my R5,000 (PAYE) off my salary that my company pays. I don't have to do anything with that ... so my only extra tax is the investment?