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Classification of income for contract employment and permissible deductions.

Posted 27 February 2015 under Tax Q&A


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Hello. I work for a company where I was previously employed full time before I relocated. Now I work on a contract basis (contract renewable annually) performing tasks previously in my job description from a home office which I furnish, equip and maintain myself. I work unsupervised and submit an invoice monthly for a set number of hours worked and am paid an hourly rate. As this is my only income, the company deducts PAYE, but I pay for medical aid, retirement annuities and income protection privately. How will SARS classify my income? Do I qualify as an independent contractor? What deductions may I claim?

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TaxTim TaxTim says:
2 March 2015 at 7:32

Do you work for anyone else or earn income from anywhere else?

Timothy says:
2 March 2015 at 23:30

No - I do not work for anyone else. Thanks.

TaxTim TaxTim says:
3 March 2015 at 11:44

You will then be able to claim your Home Office Expenditure please click the link to answer some questions to see how much and what you can claim.


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