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Taxes on SatrixNOW FAQs

Discover essential tax-related FAQs, including tax certificates, Capital Gains Tax (CGT), SARS codes, and tax implications on Satrix investments.

Tax Return Submissions

What is Capital Gains Tax (CGT) and When is it Applicable?

Capital Gains Tax (CGT) is a tax applied on your profits after selling an asset. It's based on your tax bracket for the year of selling the asset.

When Can I View My Tax Certificate on SatrixNOW?

SatrixNOW will make tax certificates available by June each year, for the previous financial year.

Need Your Tax Certificates Sooner?

  1. Clients will be notified about “Provisional” tax certificates uploaded onto the platform by 31st of March.

  2. These certificates will state “Provisional” until the tax data has been submitted to SARS at the end of May.

  3. After submission to SARS, final tax certificates will be made available.

When Does the Tax Season Open for Tax Return Submissions?

The opening of the tax submission season is announced by SARS each year. Keep an eye on the SARS website for updates on this.

Accessing Tax Certificates on SatrixNOW

How Do I Get My SatrixNOW Tax Certificate?

Follow these steps to download your tax certificates, with SARS codes, directly from the 'Statements' page on the SatrixNOW platform:

  1. Log into your SatrixNOW account.

  2. Click on the top left stack menu and select Statements.

  3. On the Statements Page, find dropdown options for Tax Certificates select Tax Certificates. You'll see available tax certificates named after the primary account (e.g., SatrixNOW TFSA) and can expand accounts to view available tax statements for specific years.

  4. Download by clicking the respective document's download button, enter a password (your ID number or business registration number for businesses), and save it to your computer.

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.