Won the Lotto? Here’s how SARS can take a slice of your money
Source ↗
👁 0
💬 0
Here’s the good news up front: if you win the Lotto or PowerBall in South Africa, the full prize amount is yours.
SARS treats lottery winnings as a windfall, not income, meaning your prize is completely tax-free, whether you win R50 or R93 million.
Sizekhaya pays out the exact advertised amount, with nothing withheld.
The part that catches winners off guard
However, here’s where it gets interesting. Once that money is sitting in your bank accoun
SARS treats lottery winnings as a windfall, not income, meaning your prize is completely tax-free, whether you win R50 or R93 million.
Sizekhaya pays out the exact advertised amount, with nothing withheld.
The part that catches winners off guard
However, here’s where it gets interesting. Once that money is sitting in your bank accoun
Comments (0)